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2004 SESSION

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HB 1437 Electric utility restructuring; changes in provisions.

Introduced by: Harvey B. Morgan | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Electric Utility Restructuring Act. Suspends indefinitely, except for pilot programs, competition among suppliers of electric energy to retail customers in the Commonwealth; facilitates the proceedings of the Commission on Electric Utility Restructuring with regard to monitoring the development of competitive wholesale electric markets and making future judgments as to the viability of retail customer choice in the Commonwealth; returns incumbent electric utilities to the rate making jurisdiction of the State Corporation Commission on a cost-of-service basis pursuant to Chapter 10 of Title 56; and authorizes, except as otherwise provided, the State Corporation Commission to continue to regulate the generation, transmission, and distribution of retail electric energy in the Commonwealth. The bill does not disturb requirements related to the transfer of management and control of transmission assets to regional transmission entities, including the Commission's responsibilities concerning such transfers, nor does it inhibit retail competition involving pilot programs.


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