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]

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.

Tracking Information

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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]

History

DateChamberAction
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
2023-03-02SenateEnrolled Bill Communicated to Governor on March 2, 2023
2023-02-24HouseSigned by Speaker
2023-02-24SenateSigned by President
2023-02-24SenateBill text as passed Senate and House (SB1321ER)
2023-02-24SenateEnrolled
2023-02-21HouseVOTE: Block Vote Passage (99-Y 0-N)
2023-02-21HousePassed House BLOCK VOTE (99-Y 0-N)
2023-02-21HouseRead third time
2023-02-20HouseRead second time
2023-02-16HouseReported from Commerce and Energy (22-Y 0-N)
2023-02-09HouseReferred to Committee on Commerce and Energy
2023-02-09HouseRead first time
2023-02-09HousePlaced on Calendar
2023-02-02SenatePassed Senate (40-Y 0-N)
2023-02-02SenateConstitutional reading dispensed (40-Y 0-N)
2023-02-02SenatePrinted as engrossed 23105834D-ES1
2023-02-02SenateEngrossed by Senate - committee substitute with amendment SB1321ES1
2023-02-02SenateAmendment by Senator McClellan agreed to
2023-02-02SenateReading of amendment waived
2023-02-02SenateCommittee substitute agreed to 23105834D-S1
2023-02-02SenateReading of substitute waived
2023-02-02SenateRead second time
2023-02-01SenateConstitutional reading dispensed (40-Y 0-N)
2023-01-30SenateCommittee substitute printed 23105834D-S1
2023-01-30SenateReported from Commerce and Labor with substitute (15-Y 0-N)
2023-01-16SenateAssigned C&L sub: Energy
2023-01-10SenateReferred to Committee on Commerce and Labor
2023-01-10SenatePrefiled 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)

Subjects


Virginia State Sources

TypeSource
Summaryhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+sum+SB1321
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+SB1321+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+SB1321S1+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+SB1321ES1+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+SB1321ER+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+CHAP0498+hil
Amendmenthttps://committees.lis.virginia.gov/pdfs/drafts/23105834D.pdf
Amendmenthttps://lis.virginia.gov/cgi-bin/legp604.exe?231+amd+SB1321AS
Supplementhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+SB1321F171+PDF
Supplementhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+SB1321FES1171+PDF
Supplementhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+SB1321FER171+PDF
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+S02V0059+SB1321
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+SV0193SB1321+SB1321
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+SV0209SB1321+SB1321
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+SV0210SB1321+SB1321
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+H23V0154+SB1321
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+HV2080+SB1321

Bill Comments

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