Virginia House Bill 1914 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 10-4)
Status: Engrossed on February 4 2021 - 50% progression, died in chamber
Action: 2021-02-05 - Continued to 2021 Sp. Sess. 1 in Commerce and Labor (15-Y 0-N)
Text: Latest bill text (Comm Sub) [HTML]

Electric utilities; period costs. Provides that in a triennial review proceeding, certain utility generation and distribution costs that are not proposed for recovery under various cost recovery mechanisms, at the State Corporation Commission's discretion, may be attributed to the test periods under review and deemed fully recovered or, if the utility has earned below a certain threshold, may be deferred for recovery over future periods. Under current law, such attribution is required unless the utility has earned below a certain threshold, in which case deferred recovery of the costs is required. The bill also eliminates provisions that limit any rate reduction ordered by the State Corporation Commission in the first triennial review of Dominion Energy Virginia after January 1, 2021, to $50 million in annual revenues and provides that in any triennial review, regardless of whether the Commission has ordered bill credits, the utility earned above its authorized rate of return during the test period under review, or the utility has made a request regarding any customer credit reinvestment offsets, the Commission may order any rate reduction it deems necessary and appropriate unless it finds that the resulting rates will not provide the utility with the opportunity to (i) fully recover its costs of providing its services and (ii) earn not less than a fair combined rate of return on its generation and distribution services. The provisions of the bill apply to the first triennial review of Dominion Energy Virginia conducted after January 1, 2021.

Electric utilities; triennial review, period costs, rate reductions.

Del. Dan Helmer [D]	Del. Joshua Cole [D]	Del. Sally Hudson [D]	Sen. Suhas Subramanyam [D]
Del. Jeffrey Bourne [D]	Del. Betsy Carr [D]	Del. Carrie Coyner [R]	Del. Glenn Davis [R]
Del. Elizabeth Guzman [D]	Del. Patrick Hope [D]	Del. Kaye Kory [D]	Del. Alfonso Lopez [D]
Del. Lee Ware [R]	Del. Michael Webert [R]

2021-02-05 - Senate - Senate: Continued to 2021 Sp. Sess. 1 in Commerce and Labor (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2021-02-05 - House - House: VOTE: Passage (60-Y 39-N) (Y: 60 N: 39 NV: 0 Abs: 1) [PASS]
2021-02-02 - House - House: Reported from Labor and Commerce with substitute (12-Y 9-N) (Y: 12 N: 9 NV: 0 Abs: 1) [PASS]
2021-02-01 - House - House: Subcommittee recommends reporting with substitute (6-Y 4-N) (Y: 6 N: 4 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2021-02-05	Senate	Continued to 2021 Sp. Sess. 1 in Commerce and Labor (15-Y 0-N)
2021-02-05	Senate	Referred to Committee on Commerce and Labor
2021-02-05	Senate	Constitutional reading dispensed
2021-02-05	House	VOTE: Passage (60-Y 39-N)
2021-02-05	House	Read third time and passed House (60-Y 39-N)
2021-02-04	House	Engrossed by House - committee substitute HB1914H1
2021-02-04	House	Committee substitute agreed to 21104073D-H1
2021-02-04	House	Read second time
2021-02-03	House	Read first time
2021-02-02	House	Incorporates HB1835 (Subramanyam)
2021-02-02	House	Committee substitute printed 21104073D-H1
2021-02-02	House	Reported from Labor and Commerce with substitute (12-Y 9-N)
2021-02-01	House	Subcommittee recommends reporting with substitute (6-Y 4-N)
2021-01-14	House	Assigned L & C sub: Subcommittee #3
2021-01-10	House	Referred to Committee on Labor and Commerce
2021-01-10	House	Prefiled and ordered printed; offered 01/13/21 21101429D

HB1914 (Carry Over) 2021-02-05 - Continued to 2021 Sp. Sess. 1 in Commerce and Labor (15-Y 0-N)
HB1835 (Similar To) 2021-02-02 - Incorporated by Labor and Commerce
HB1835 (Similar To) 2021-02-02 - Incorporated by Labor and Commerce

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?211+sum+HB1914
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?211+ful+HB1914+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?211+ful+HB1914H1+hil
Amendment	https://committees.lis.virginia.gov/pdfs/drafts/21104073D.pdf
Amendment	https://committees.lis.virginia.gov/pdfs/21104073.pdf
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?211+oth+HB1914F171+PDF
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?211+vot+H1403V0060+HB1914
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?211+vot+H14V0100+HB1914
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?211+vot+HV1482+HB1914
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?211+vot+S02V0059+HB1914