VA HB1984 | 2021 | 1st Special Session

Note: Carry Over of previous HB1984

Status

Spectrum: Moderate Partisan Bill (Democrat 18-2)
Status: Engrossed on February 4 2021 - 50% progression, died in chamber
Action: 2021-02-15 - Passed by indefinitely in Commerce and Labor (11-Y 4-N)
Text: Latest bill text (Prefiled) [HTML]

Summary

Electric utilities; triennial review; rates of return. Provides that the State Corporation Commission, in any triennial review proceeding, including the first triennial review proceeding conducted after January 1, 2021, for Dominion Energy Virginia, may use any methodology it finds consistent with the public interest to determine fair rates of return on common equity for the utility's generation and distribution services. In any such triennial review, regardless of whether the utility earned above or below its authorized rate of return during the test period under review, the Commission also may order any increases or decreases to the utility's rates for generation and distribution that it deems necessary and appropriate, as long as the resulting rates provide the utility with the opportunity to (i) fully recover its costs of providing its services and (ii) earn an authorized rate of return.

Tracking Information

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Title

Electric utilities; triennial review proceeding by SCC, fair rates of return.

Sponsors


Roll Calls

2021-02-15 - Senate - Senate: Passed by indefinitely in Commerce and Labor (11-Y 4-N) (Y: 11 N: 4 NV: 0 Abs: 0) [PASS]
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 (64-Y 35-N) (Y: 64 N: 35 NV: 0 Abs: 1) [PASS]
2021-02-02 - House - House: Reported from Labor and Commerce (13-Y 8-N) (Y: 13 N: 8 NV: 0 Abs: 1) [PASS]
2021-02-01 - House - House: Subcommittee recommends reporting (6-Y 4-N) (Y: 6 N: 4 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2021-02-15SenatePassed by indefinitely in Commerce and Labor (11-Y 4-N)
2021-02-10SenateAssigned C&L sub: Energy
2021-02-05SenateContinued to 2021 Sp. Sess. 1 in Commerce and Labor (15-Y 0-N)
2021-02-05SenateReferred to Committee on Commerce and Labor
2021-02-05SenateConstitutional reading dispensed
2021-02-05HouseVOTE: Passage (64-Y 35-N)
2021-02-05HouseRead third time and passed House (64-Y 35-N)
2021-02-04HouseRead second time and engrossed
2021-02-03HouseRead first time
2021-02-02HouseReported from Labor and Commerce (13-Y 8-N)
2021-02-01HouseSubcommittee recommends reporting (6-Y 4-N)
2021-01-14HouseAssigned L & C sub: Subcommittee #3
2021-01-11HouseReferred to Committee on Labor and Commerce
2021-01-11HousePrefiled and ordered printed; offered 01/13/21 21101313D

Same As/Similar To

HB1984 (Carry Over) 2021-02-05 - Continued to 2021 Sp. Sess. 1 in Commerce and Labor (15-Y 0-N)

Subjects


Virginia State Sources


Bill Comments

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