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2015 SESSION
HB 1475 Natural gas utilities; recovery and deferral of system expansion infrastructure costs.
Introduced by: R. Lee Ware | all patrons ... notes | add to my profiles
SUMMARY AS PASSED HOUSE: (all summaries)
Natural gas utilities; recovery of system expansion infrastructure costs. Establishes a procedure under which a natural gas utility may seek State Corporation Commission (SCC) approval of a system expansion plan that includes, among other things, a schedule for recovery of eligible system expansion infrastructure costs through a system expansion rider and a methodology for deferral of unrecovered eligible system expansion costs. A system expansion plan and system expansion rider shall allocate and charge costs in accordance with cost causation principles in order to avoid any undue cross-subsidization between rate classes. The SCC is barred from examining other revenue requirement or ratemaking issues in its consideration of the natural gas utility's application. Costs recovered under this measure shall be in addition to all other costs that the natural gas utility is permitted to recover, shall not be considered an offset to other approved costs of service or revenue requirements, and shall not be included in any computation relative to a performance-based regulation plan revenue-sharing mechanism. The measure does not apply to interstate pipeline companies regulated by the Federal Energy Regulatory Commission. Construction projects undertaken pursuant to this measure are required to be completed in accordance with standards filed with the Department of Environmental Quality. This bill is identical to SB 1163.
FULL TEXT
- 01/02/15 House: Prefiled and ordered printed; offered 01/14/15 15101914D pdf | impact statement
- 01/22/15 House: Committee substitute printed 15104079D-H1 pdf | impact statement
- 02/24/15 House: Bill text as passed House and Senate (HB1475ER) pdf | impact statement
- 03/17/15 Governor: Acts of Assembly Chapter text (CHAP0231) pdf
HISTORY
- 01/02/15 House: Prefiled and ordered printed; offered 01/14/15 15101914D
- 01/02/15 House: Referred to Committee on Commerce and Labor
- 01/22/15 House: Reported from Commerce and Labor with substitute (21-Y 0-N)
- 01/22/15 House: Committee substitute printed 15104079D-H1
- 01/26/15 House: Read first time
- 01/27/15 House: Read second time
- 01/27/15 House: Committee substitute agreed to 15104079D-H1
- 01/27/15 House: Engrossed by House - committee substitute HB1475H1
- 01/28/15 House: Read third time and passed House (95-Y 2-N)
- 01/28/15 House: VOTE: PASSAGE (95-Y 2-N)
- 01/29/15 Senate: Constitutional reading dispensed
- 01/29/15 Senate: Referred to Committee on Commerce and Labor
- 02/16/15 Senate: Reported from Commerce and Labor (15-Y 0-N)
- 02/18/15 Senate: Constitutional reading dispensed (38-Y 0-N)
- 02/19/15 Senate: Read third time
- 02/19/15 Senate: Passed Senate (38-Y 0-N)
- 02/24/15 House: Enrolled
- 02/24/15 House: Bill text as passed House and Senate (HB1475ER)
- 02/25/15 House: Signed by Speaker
- 02/26/15 Senate: Signed by President
- 02/26/15 House: Enrolled Bill communicated to Governor on 2/26/15
- 02/26/15 Governor: Governor's Action Deadline Midnight, Sunday, March 29, 2015
- 03/17/15 Governor: Approved by Governor-Chapter 231 (effective 7/1/15)
- 03/17/15 Governor: Acts of Assembly Chapter text (CHAP0231)