Virginia House Bill 792 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on January 9 2024 - 25% progression, died in committee
Action: 2024-02-13 - Left in Labor and Commerce
Pending: House Labor and Commerce Committee
Text: Latest bill text (Prefiled) [HTML]

Electric utilities; regulation of rates; prohibited recovery; report. Provides that the State Corporation Commission shall consider any rate, toll, charge, or schedule of a public utility just and reasonable only if the investor-owned public electric utility has demonstrated that no parts of such rates, tolls, charges, or schedules includes costs for activities as prohibited by the bill. The bill prohibits investor-owned electric utilities from recovering through base rates any direct or indirect costs associated with certain prohibited recovery activities listed in the bill. The bill requires each such utility to submit an annual report to the Commission starting July 1, 2025, of specific information related to the prohibited recovery activities listed in the bill. The bill also permits the Commission to impose a fee on any utility acting in violation of the provisions of the bill in an amount equal to the amount improperly recovered by the utility through any prohibited recovery activity listed in the bill.

Electric utilities; regulation of rates, prohibited recovery.

Del. Rozia Henson [D]

Del. Nadarius Clark [D]

Del. Marty Martinez [D]

Del. Sam Rasoul [D]

2024-01-30 - House - House: Subcommittee recommends laying on the table (10-Y 0-N) (Y: 10 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2024-02-13	House	Left in Labor and Commerce
2024-01-30	House	Subcommittee recommends laying on the table (10-Y 0-N)
2024-01-18	House	Assigned L & C sub: Subcommittee #3
2024-01-09	House	Referred to Committee on Labor and Commerce
2024-01-09	House	Prefiled and ordered printed; offered 01/10/24 24103443D

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+HB792
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB792+hil
Amendment	https://committees.lis.virginia.gov/pdfs/drafts/24106494A.pdf
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?241+oth+HB792F171+PDF
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?241+vot+H1403V0010+HB0792