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2009 SESSION

• | print version

HB 2315 Electric utility rates; deferral of increases.

Introduced by: Charles W. Carrico, Sr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Electric utility rates; deferral of increases.  Requires the State Corporation Commission (SCC) to defer a portion of an investor-owned electric utility's increase in residential electric rates or charges if, as a result of the increase, the new residential rates are 15 percent higher than its residential rates in the year preceding the rate increase. The deferred amount is the revenue that would be collected by the utility over the 36 months following the SCC's order, based on the difference between the new rate and 115 percent of its residential rate in the preceding year. The deferred amount, with interest at a rate set by the SCC, will be recovered from residential retail customers over a three-year period.

FULL TEXT

• 01/14/09  House: Prefiled and ordered printed; offered 01/14/09 090095460  pdf | impact statement

HISTORY

• 01/14/09  House: Prefiled and ordered printed; offered 01/14/09 090095460
• 01/14/09  House: Referred to Committee on Commerce and Labor
• 01/26/09  House: Assigned C & L sub: 3 Energy
• 02/04/09  House: Subcommittee recommends passing by indefinitely by voice vote
• 02/10/09  House: Left in Commerce and Labor