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2014 SESSION
SB 585 Electric utility regulation; recovery of costs of new underground distribution facilities.
Introduced by: Richard L. Saslaw | all patrons ... notes | add to my profiles
SUMMARY AS PASSED SENATE: (all summaries)
Electric utility regulation; recovery of costs of new underground distribution facilities. Authorizes investor-owned electric utilities to recover the costs of new underground distribution facilities through a rate adjustment clause. Eligible facilities will replace existing overhead distribution facilities of 69 kilovolts or less. Petitions seeking approval for recovery of such costs shall not be brought more frequently than annually. A utility shall not seek any annual incremental increase in the level of investments in such facilities that exceeds five percent of the utility's distribution rate base. In determining whether to approve a rate adjustment clause for such facilities, the State Corporation Commission is directed to liberally construe the provisions of Title 56 and to give due consideration to the public policy goals of increased electric service reliability and reduced outage times associated with the replacement of existing overhead distribution facilities with new underground facilities. None of the costs of such new facilities shall be allocated to customers in the large power service rate class for a Phase I utility or general service rate classes for a Phase II utility. The measure also rewords a provision that currently states that nothing precludes the Commission from determining the reasonableness or prudence of any cost incurred or projected to be incurred by a utility.
FULL TEXT
- 01/10/14 Senate: Presented and ordered printed 14101925D pdf | impact statement
- 01/27/14 Senate: Committee substitute printed 14104129D-S1 pdf | impact statement
- 02/26/14 Senate: Bill text as passed Senate and House (SB585ER) pdf | impact statement
- 04/03/14 Governor: Acts of Assembly Chapter text (CHAP0548) pdf
HISTORY
- 01/10/14 Senate: Presented and ordered printed 14101925D
- 01/10/14 Senate: Referred to Committee on Commerce and Labor
- 01/27/14 Senate: Reported from Commerce and Labor with substitute (15-Y 0-N)
- 01/27/14 Senate: Committee substitute printed 14104129D-S1
- 01/29/14 Senate: Constitutional reading dispensed (40-Y 0-N)
- 01/30/14 Senate: Read second time
- 01/30/14 Senate: Reading of substitute waived
- 01/30/14 Senate: Committee substitute agreed to 14104129D-S1
- 01/30/14 Senate: Engrossed by Senate - committee substitute SB585S1
- 01/31/14 Senate: Read third time and passed Senate (39-Y 1-N)
- 02/07/14 House: Placed on Calendar
- 02/07/14 House: Read first time
- 02/07/14 House: Referred to Committee on Commerce and Labor
- 02/18/14 House: Reported from Commerce and Labor (18-Y 2-N)
- 02/20/14 House: Read second time
- 02/21/14 House: Passed by for the day
- 02/24/14 House: Read third time
- 02/24/14 House: Passed House (86-Y 10-N 3-A)
- 02/24/14 House: VOTE: PASSAGE (86-Y 10-N 3-A)
- 02/26/14 Senate: Enrolled
- 02/26/14 Senate: Bill text as passed Senate and House (SB585ER)
- 02/26/14 House: Signed by Speaker
- 02/28/14 Senate: Signed by President
- 04/03/14 Governor: Approved by Governor-Chapter 548 (effective 7/1/14)
- 04/03/14 Governor: Acts of Assembly Chapter text (CHAP0548)