Virginia Senate Bill 585 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on April 3 2014 - 100% progression
Action: 2014-04-03 - Governor: Acts of Assembly Chapter text (CHAP0548)
Text: Latest bill text (Chaptered) [HTML]

Electric utility regulation; recovery of costs of new underground distribution facilities. Authorizes investor-owned electric utilities to recover the costs of new underground distribution facilities through a rate adjustment clause. Eligible facilities will replace existing overhead distribution facilities of 69 kilovolts or less. Petitions seeking approval for recovery of such costs shall not be brought more frequently than annually. A utility shall not seek any annual incremental increase in the level of investments in such facilities that exceeds five percent of the utility's distribution rate base. In determining whether to approve a rate adjustment clause for such facilities, the State Corporation Commission is directed to liberally construe the provisions of Title 56 and to give due consideration to the public policy goals of increased electric service reliability and reduced outage times associated with the replacement of existing overhead distribution facilities with new underground facilities. None of the costs of such new facilities shall be allocated to customers in the large power service rate class for a Phase I utility or general service rate classes for a Phase II utility. The measure also rewords a provision that currently states that nothing precludes the Commission from determining the reasonableness or prudence of any cost incurred or projected to be incurred by a utility.

Electric utility regulation; recovery of costs of new underground distribution facilities.

Sen. Janet Howell [D]	Sen. Donald McEachin [D]	Sen. Thomas Norment [R]	Sen. Ralph Northam [D]
Sen. Richard Saslaw [D]	Sen. Walter Stosch [R]	Sen. Richard Stuart [R]	Sen. Jill Vogel [R]
Sen. John Watkins [R]	Sen. Jeffrey McWaters [R]	Sen. Barbara Favola [D]

2014-02-24 - House - House: VOTE: PASSAGE (86-Y 10-N 3-A) (Y: 88 N: 10 NV: 0 Abs: 3) [PASS]
2014-02-18 - House - House: Reported from Commerce and Labor (18-Y 2-N) (Y: 19 N: 2 NV: 0 Abs: 1) [PASS]
2014-01-31 - Senate - Senate: Read third time and passed Senate (39-Y 1-N) (Y: 39 N: 1 NV: 0 Abs: 0) [PASS]
2014-01-29 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2014-01-27 - Senate - Senate: Reported from Commerce and Labor with substitute (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2014-04-03		Governor: Acts of Assembly Chapter text (CHAP0548)
2014-04-03		Governor: Approved by Governor-Chapter 548 (effective 7/1/14)
2014-02-28	Senate	Signed by President
2014-02-26	House	Signed by Speaker
2014-02-26	Senate	Bill text as passed Senate and House (SB585ER)
2014-02-26	Senate	Enrolled
2014-02-24	House	VOTE: PASSAGE (86-Y 10-N 3-A)
2014-02-24	House	Passed House (86-Y 10-N 3-A)
2014-02-24	House	Read third time
2014-02-21	House	Passed by for the day
2014-02-20	House	Read second time
2014-02-18	House	Reported from Commerce and Labor (18-Y 2-N)
2014-02-07	House	Referred to Committee on Commerce and Labor
2014-02-07	House	Read first time
2014-02-07	House	Placed on Calendar
2014-01-31	Senate	Read third time and passed Senate (39-Y 1-N)
2014-01-30	Senate	Engrossed by Senate - committee substitute SB585S1
2014-01-30	Senate	Committee substitute agreed to 14104129D-S1
2014-01-30	Senate	Reading of substitute waived
2014-01-30	Senate	Read second time
2014-01-29	Senate	Constitutional reading dispensed (40-Y 0-N)
2014-01-27	Senate	Committee substitute printed 14104129D-S1
2014-01-27	Senate	Reported from Commerce and Labor with substitute (15-Y 0-N)
2014-01-10	Senate	Referred to Committee on Commerce and Labor
2014-01-10	Senate	Presented and ordered printed 14101925D

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?141+sum+SB585
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?141+ful+SB585+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?141+ful+SB585S1+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?141+ful+SB585ER+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?141+ful+CHAP0548+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?141+vot+S02V0035+SB0585
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?141+vot+SV0204SB0585+SB0585
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?141+vot+SV0224SB0585+SB0585
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?141+vot+H14V0128+SB0585
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?141+vot+HV0968+SB0585