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2010 SESSION

• | print version

HB 477 Electric utilities; limit on increases in base rates.

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

SUMMARY AS INTRODUCED:

Electric utilities; limit on increases in base rates.  Limits any increase in the base rates charged by an investor-owned incumbent electric utility to five percent if the unemployment rate within the utility's service territory exceeds five percent. If this limitation would result in confiscatory rates, the State Corporation Commission may increase such base rates only by the amount that is required to avoid such confiscation. The measure applies to any base rate review initiated on or after July 1, 2010.

FULL TEXT

• 01/12/10  House: Prefiled and ordered printed; offered 01/13/10 10100695D  pdf | impact statement

HISTORY

• 01/12/10  House: Prefiled and ordered printed; offered 01/13/10 10100695D
• 01/12/10  House: Referred to Committee on Commerce and Labor
• 01/29/10  House: Assigned C & L sub: #3 Special Subcommittee on Energy
• 02/04/10  House: Tabled in Commerce and Labor by voice vote