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2013 SESSION
SB 1287 Natural gas utilities; eligible safety activity costs to be recovered as deferred costs.
Introduced by: Charles J. Colgan | all patrons ... notes | add to my profiles
SUMMARY AS PASSED SENATE: (all summaries)
Natural gas utility ratemaking; eligible safety activity costs. Permits natural gas utilities to recover certain safety activity costs incurred on or after January 1, 2013, in future rates by accounting for them as deferred costs. The amount deferred shall not exceed four percent of the natural gas utility's net plant investment that was utilized in establishing or confirming the utility's base rates. The utility shall be deemed to have recovered eligible safety activity costs to the extent that the return on equity earned by the utility in an earnings test filing for a year, after consideration of the treatment of regulatory assets, is in excess of the mid-point of the rate of return on equity range specified or confirmed in the natural gas utility's most recent rate case or performance-based regulation plan. If a utility's base rates include eligible safety activity costs, the utility shall only be permitted to defer the level of eligible safety activity costs that are in excess of the level reflected in base rates. This bill is identical to HB 1770.
FULL TEXT
- 01/15/13 Senate: Presented and ordered printed 13103664D pdf | impact statement
- 02/04/13 Senate: Committee substitute printed 13104864D-S1 pdf | impact statement
- 02/22/13 Senate: Bill text as passed Senate and House (SB1287ER) pdf | impact statement
- 03/14/13 Governor: Acts of Assembly Chapter text (CHAP0406) pdf
HISTORY
- 01/15/13 Senate: Presented and ordered printed 13103664D
- 01/15/13 Senate: Referred to Committee on Commerce and Labor
- 02/04/13 Senate: Reported from Commerce and Labor with substitute (14-Y 0-N)
- 02/04/13 Senate: Committee substitute printed 13104864D-S1
- 02/05/13 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/05/13 Senate: Read second time
- 02/05/13 Senate: Reading of substitute waived
- 02/05/13 Senate: Committee substitute agreed to 13104864D-S1
- 02/05/13 Senate: Engrossed by Senate - committee substitute SB1287S1
- 02/05/13 Senate: Bills placed in block (39-Y 0-N)
- 02/05/13 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/05/13 Senate: Passed Senate (40-Y 0-N)
- 02/11/13 House: Placed on Calendar
- 02/11/13 House: Read first time
- 02/11/13 House: Referred to Committee on Commerce and Labor
- 02/14/13 House: Reported from Commerce and Labor (22-Y 0-N)
- 02/18/13 House: Read second time
- 02/19/13 House: Read third time
- 02/19/13 House: Passed House BLOCK VOTE (100-Y 0-N)
- 02/19/13 House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
- 02/22/13 Senate: Enrolled
- 02/22/13 Senate: Bill text as passed Senate and House (SB1287ER)
- 02/22/13 House: Signed by Speaker
- 02/23/13 Senate: Signed by President
- 03/14/13 Governor: Approved by Governor-Chapter 406 (effective 7/1/13)
- 03/14/13 Governor: Acts of Assembly Chapter text (CHAP0406)