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2000 SESSION
SB 585 Electric Utility Restructuring Act.
Introduced by: Thomas K. Norment, Jr. | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Electric utility restructuring. Directs the Virginia State Corporation Commission to recommend to the Legislative Transition Task Force, on or before January 1, 2001, whether electric metering services, electric billing services, or both, may be provided competitively. The Commission’s recommendations may vary by service, type of seller, region, incumbent electric utility and customer group. The recommendation shall take into account, among other factors, the technological feasibility of furnishing any such services on a competitive basis. The recommendation shall also include a draft plan for implementation of competition for metering services and billing services. Competition for such services may be implemented concurrently or pursuant to separate schedules as determined by the General Assembly. Other provisions (i) clarify when municipalities and other political subdivisions may aggregate intra- and inter-governmental load without the necessity of obtaining a license as aggregators; (ii) clarify that the wires charges calculated by the Commission shall not be less than zero; (iii) authorize the Commission to implement its proposed consumer education recommendations and to fund the program through the Commission's regulatory tax; (iv) provide that capped rates established pursuant to rate applications made prior to January 1, 2001, will be interim in nature and subject to refund with interest until the Commission has completed its investigations of these applications, and (v) provides for certain adjustments in determining the projected market price for generation. The measure also clarifies what activities constitute aggregation, and includes several technical amendments. The bill is a recommendation of the Legislative Transition Task Force.
FULL TEXT
- 01/24/00 Senate: Presented & ordered printed 003326508 pdf
- 02/15/00 Senate: Printed as engrossed 003326508-E pdf
- 03/09/00 Senate: Bill text as passed Senate and House (SB585ER) pdf
- 05/05/00 Governor: Acts of Assembly Chapter text (CHAP0991) pdf
AMENDMENTS
HISTORY
- 01/24/00 Senate: Presented & ordered printed 003326508
- 01/24/00 Senate: Referred to Committee on Commerce and Labor
- 02/03/00 Senate: Assigned to C. & L. sub-committee: #3
- 02/14/00 Senate: Reported from C. & L. with amendments (13-Y 0-N 1-A)
- 02/15/00 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/15/00 Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
- 02/15/00 Senate: Read second time
- 02/15/00 Senate: Reading of amendments waived
- 02/15/00 Senate: Committee amendments agreed to
- 02/15/00 Senate: Engrossed by Senate as amended
- 02/15/00 Senate: Printed as engrossed 003326508-E
- 02/15/00 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/15/00 Senate: VOTE: CONST. RDG. DISPENSED (39-Y 0-N)
- 02/15/00 Senate: Passed Senate (37-Y 1-N 1-A)
- 02/15/00 Senate: VOTE: PASSAGE (37-Y 1-N 1-A)
- 02/15/00 Senate: Communicated to House
- 02/21/00 House: Placed on Calendar
- 02/21/00 House: Read first time
- 02/21/00 House: Referred to Committee on Corporations, Insurance and Banking
- 02/24/00 House: Reported from Corp., Ins. & Banking (24-Y 0-N)
- 02/25/00 House: Read second time
- 02/28/00 House: Read third time
- 02/28/00 House: Passed House (Block Vote) (97-Y 0-N)
- 02/28/00 House: VOTE: BLOCK VOTE PASSAGE (97-Y 0-N)
- 03/09/00 Senate: Bill text as passed Senate and House (SB585ER)
- 03/14/00 Senate: Enrolled
- 03/16/00 House: Signed by Speaker
- 03/16/00 Senate: Signed by President
- 04/09/00 Governor: Approved by Governor-Chapter 991 (effective 7/1/00)
- 05/05/00 Governor: Acts of Assembly Chapter text (CHAP0991)