VA SB731 | 2020 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 2-0)
Status: Enrolled on March 18 2020 - 75% progression
Action: 2020-03-20 - Governor: Governor's Action Deadline 11:59 p.m., April 11, 2020
Text: Latest bill text (Enrolled) [HTML]

Summary

Rate of return for investor-owned electric utilities. Provides that the State Corporation Commission, in determining a fair rate of return on common equity for an investor-owned electric utility after January 1, 2020, shall not set such rate (i) lower than the average of either (a) the average of the returns on common equity of the utility's peer group reported to the Securities and Exchange Commission for the three most recent annual periods or (b) the authorized returns on common equity that is set by the applicable regulatory commission for other investor-owned electric utilities in the utility's peer group or (ii) higher than 150 basis points above such average.

Tracking Information

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Title

Investor-owned electric utilities; rate of return on common equity.

Sponsors


Roll Calls

2020-03-08 - House - House: VOTE: Adoption (75-Y 17-N) (Y: 75 N: 16 NV: 8 Abs: 0) [PASS]
2020-03-07 - Senate - Senate: Conference report agreed to by Senate (39-Y 0-N) (Y: 38 N: 0 NV: 1 Abs: 0) [PASS]
2020-03-05 - Senate - Senate: Senate acceded to request (36-Y 2-N) (Y: 35 N: 2 NV: 2 Abs: 0) [PASS]
2020-03-05 - Senate - Senate: House amendments rejected by Senate (1-Y 39-N) (Y: 1 N: 38 NV: 0 Abs: 0) [FAIL]
2020-03-04 - House - House: VOTE: Passage (69-Y 25-N) (Y: 69 N: 24 NV: 6 Abs: 0) [PASS]
2020-02-27 - House - House: Reported from Labor and Commerce with amendments (18-Y 0-N) (Y: 18 N: 0 NV: 4 Abs: 0) [PASS]
2020-02-07 - Senate - Senate: Passed Senate (38-Y 1-N) (Y: 37 N: 1 NV: 1 Abs: 0) [PASS]
2020-02-07 - Senate - Senate: Reconsideration of passage agreed to by Senate (39-Y 0-N) (Y: 38 N: 0 NV: 1 Abs: 0) [PASS]
2020-02-07 - Senate - Senate: Read third time and passed Senate (36-Y 3-N) (Y: 35 N: 3 NV: 1 Abs: 0) [PASS]
2020-02-05 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 39 N: 0 NV: 0 Abs: 0) [PASS]
2020-02-03 - Senate - Senate: Reported from Commerce and Labor with amendments (12-Y 3-N) (Y: 11 N: 3 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2020-03-20 Governor: Governor's Action Deadline 11:59 p.m., April 11, 2020
2020-03-20SenateEnrolled Bill Communicated to Governor on March 20, 2020
2020-03-19HouseSigned by Speaker
2020-03-18SenateSigned by President
2020-03-18SenateEnrolled
2020-03-18SenateBill text as passed Senate and House (SB731ER)
2020-03-08HouseVOTE: Adoption (75-Y 17-N)
2020-03-08HouseConference report agreed to by House (75-Y 17-N)
2020-03-08HousePassed by temporarily
2020-03-07SenateConference report agreed to by Senate (39-Y 0-N)
2020-03-07 Conference: Amended by conference committee
2020-03-05HouseDelegates: Bourne, Ayala, Wilt
2020-03-05HouseConferees appointed by House
2020-03-05SenateSenators: McClellan, Spruill, Norment
2020-03-05SenateConferees appointed by Senate
2020-03-05SenateSenate acceded to request (36-Y 2-N)
2020-03-05HouseHouse requested conference committee
2020-03-05HouseHouse insisted on amendments
2020-03-05SenateHouse amendments rejected by Senate (1-Y 39-N)
2020-03-05SenatePassed by temporarily
2020-03-04HouseVOTE: Passage (69-Y 25-N)
2020-03-04HousePassed House with amendments (69-Y 25-N)
2020-03-04HouseEngrossed by House as amended
2020-03-04HouseAmendments by Delegate Jonesagreed to
2020-03-04HouseCommittee amendments agreed to
2020-03-04HouseRead third time
2020-03-03HousePassed by for the day
2020-03-02HouseRead second time
2020-02-27HouseReported from Labor and Commerce with amendments (18-Y 0-N)
2020-02-18HouseReferred to Committee on Labor and Commerce
2020-02-18HouseRead first time
2020-02-18HousePlaced on Calendar
2020-02-07SenatePassed Senate (38-Y 1-N)
2020-02-07SenateReconsideration of passage agreed to by Senate (39-Y 0-N)
2020-02-07SenateRead third time and passed Senate (36-Y 3-N)
2020-02-06SenatePrinted as engrossed 20101582D-E
2020-02-06SenateEngrossed by Senate as amended SB731E
2020-02-06SenateCommittee amendments agreed to
2020-02-06SenateReading of amendments waived
2020-02-06SenateRead second time
2020-02-05SenateConstitutional reading dispensed (40-Y 0-N)
2020-02-03SenateReported from Commerce and Labor with amendments (12-Y 3-N)
2020-01-23SenateAssigned C&L sub: Energy
2020-01-07SenateReferred to Committee on Commerce and Labor
2020-01-07SenatePrefiled and ordered printed; offered 01/08/20 20101582D

Virginia State Sources

TypeSource
Summaryhttps://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+SB731&201+sum+SB731
Texthttp://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+SB731+hil
Texthttp://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+SB731E+hil
Texthttp://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+SB731ER+hil
Roll Callhttp://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+S02V0082+SB0731
Roll Callhttp://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+SV0357SB0731+SB0731
Roll Callhttp://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+SV0394SB0731+SB0731
Roll Callhttp://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+SV0401SB0731+SB0731
Roll Callhttp://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+SV0402SB0731+SB0731
Roll Callhttp://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+H14V0335+SB0731
Roll Callhttp://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+HV1828+SB0731
Roll Callhttp://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+SV1619SB0731+SB0731
Roll Callhttp://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+SV1673SB0731+SB0731
Roll Callhttp://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+SV1831SB0731+SB0731
Roll Callhttp://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+HV2079+SB0731

Bill Comments

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