VA SB1321 | 2023 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 3-0)
Status: Passed on March 24 2023 - 100% progression
Action: 2023-03-24 - Governor: Acts of Assembly Chapter text (CHAP0498)
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Partisan Bill (Democrat 3-0)
Status: Passed on March 24 2023 - 100% progression
Action: 2023-03-24 - Governor: Acts of Assembly Chapter text (CHAP0498)
Text: Latest bill text (Chaptered) [HTML]
Summary
Virginia Electric Utility Regulation Act; regulation of rates. Provides, that in any proceeding to establish base rates for Appalachian Electric Power or Dominion Energy Virginia conducted by the State Corporation Commission (the Commission), if the Commission determines in its sole discretion that the utility's existing base rates will, on a going-forward basis, either produce (i) revenues in excess of the utility's authorized rate of return or (ii) revenues below the utility's authorized rate of return, then the Commission is required to order any reductions or increases, as applicable and necessary, to such base rates that it deems appropriate to ensure the resulting base rates (a) are just and reasonable and (b) provide the utility an opportunity to recover its costs of providing services over the rate period and earn a fair rate of return.
Title
Virginia Electric Utility Regulation Act; regulation of rates, proceeding to review base rates.
Sponsors
Roll Calls
2023-02-21 - House - House: VOTE: Block Vote Passage (99-Y 0-N) (Y: 99 N: 0 NV: 0 Abs: 1) [PASS]
2023-02-16 - House - House: Reported from Commerce and Energy (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2023-02-02 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2023-02-02 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2023-02-01 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2023-01-30 - Senate - Senate: Reported from Commerce and Labor with substitute (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2023-02-16 - House - House: Reported from Commerce and Energy (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2023-02-02 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2023-02-02 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2023-02-01 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2023-01-30 - Senate - Senate: Reported from Commerce and Labor with substitute (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2023-03-24 | Governor: Acts of Assembly Chapter text (CHAP0498) | |
2023-03-24 | Governor: Approved by Governor-Chapter 498 (effective 7/1/23) | |
2023-03-02 | Governor: Governor's Action Deadline 11:59 p.m., March 27, 2023 | |
2023-03-02 | Senate | Enrolled Bill Communicated to Governor on March 2, 2023 |
2023-02-24 | House | Signed by Speaker |
2023-02-24 | Senate | Signed by President |
2023-02-24 | Senate | Bill text as passed Senate and House (SB1321ER) |
2023-02-24 | Senate | Enrolled |
2023-02-21 | House | VOTE: Block Vote Passage (99-Y 0-N) |
2023-02-21 | House | Passed House BLOCK VOTE (99-Y 0-N) |
2023-02-21 | House | Read third time |
2023-02-20 | House | Read second time |
2023-02-16 | House | Reported from Commerce and Energy (22-Y 0-N) |
2023-02-09 | House | Referred to Committee on Commerce and Energy |
2023-02-09 | House | Read first time |
2023-02-09 | House | Placed on Calendar |
2023-02-02 | Senate | Passed Senate (40-Y 0-N) |
2023-02-02 | Senate | Constitutional reading dispensed (40-Y 0-N) |
2023-02-02 | Senate | Printed as engrossed 23105834D-ES1 |
2023-02-02 | Senate | Engrossed by Senate - committee substitute with amendment SB1321ES1 |
2023-02-02 | Senate | Amendment by Senator McClellan agreed to |
2023-02-02 | Senate | Reading of amendment waived |
2023-02-02 | Senate | Committee substitute agreed to 23105834D-S1 |
2023-02-02 | Senate | Reading of substitute waived |
2023-02-02 | Senate | Read second time |
2023-02-01 | Senate | Constitutional reading dispensed (40-Y 0-N) |
2023-01-30 | Senate | Committee substitute printed 23105834D-S1 |
2023-01-30 | Senate | Reported from Commerce and Labor with substitute (15-Y 0-N) |
2023-01-16 | Senate | Assigned C&L sub: Energy |
2023-01-10 | Senate | Referred to Committee on Commerce and Labor |
2023-01-10 | Senate | Prefiled and ordered printed; offered 01/11/23 23101676D |
Same As/Similar To
HB1604 (Same As) 2023-03-24 - Governor: Acts of Assembly Chapter text (CHAP0497)
HB1604 (Same As) 2023-03-24 - Governor: Acts of Assembly Chapter text (CHAP0497)
HB1604 (Same As) 2023-03-24 - Governor: Acts of Assembly Chapter text (CHAP0497)