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2020 SESSION
SB 731 Investor-owned electric utilities; rate of return on common equity.
Introduced by: Jennifer L. McClellan | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Rate of return for investor-owned electric utilities. Provides that the State Corporation Commission, in determining a fair rate of return on common equity for an investor-owned electric utility after January 1, 2020, shall not set such rate (i) lower than the average of either (a) the average of the returns on common equity of the utility's peer group reported to the Securities and Exchange Commission for the three most recent annual periods or (b) the authorized returns on common equity that is set by the applicable regulatory commission for other investor-owned electric utilities in the utility's peer group or (ii) higher than 150 basis points above such average.
FULL TEXT
- 01/07/20 Senate: Prefiled and ordered printed; offered 01/08/20 20101582D pdf | impact statement
- 02/06/20 Senate: Printed as engrossed 20101582D-E pdf | impact statement
- 03/18/20 Senate: Bill text as passed Senate and House (SB731ER) pdf | impact statement
- 04/10/20 Governor: Acts of Assembly Chapter text (CHAP1108) pdf
AMENDMENTS
- House committee, floor amendments and substitutes offered
- House amendments adopted
- House amendments engrossed
- Senate amendments
- Conference amendments
HISTORY
- 01/07/20 Senate: Prefiled and ordered printed; offered 01/08/20 20101582D
- 01/07/20 Senate: Referred to Committee on Commerce and Labor
- 01/23/20 Senate: Assigned C&L sub: Energy
- 02/03/20 Senate: Reported from Commerce and Labor with amendments (12-Y 3-N)
- 02/05/20 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/06/20 Senate: Read second time
- 02/06/20 Senate: Reading of amendments waived
- 02/06/20 Senate: Committee amendments agreed to
- 02/06/20 Senate: Engrossed by Senate as amended SB731E
- 02/06/20 Senate: Printed as engrossed 20101582D-E
- 02/07/20 Senate: Read third time and passed Senate (36-Y 3-N)
- 02/07/20 Senate: Reconsideration of passage agreed to by Senate (39-Y 0-N)
- 02/07/20 Senate: Passed Senate (38-Y 1-N)
- 02/18/20 House: Placed on Calendar
- 02/18/20 House: Read first time
- 02/18/20 House: Referred to Committee on Labor and Commerce
- 02/27/20 House: Reported from Labor and Commerce with amendments (18-Y 0-N)
- 03/02/20 House: Read second time
- 03/03/20 House: Passed by for the day
- 03/04/20 House: Read third time
- 03/04/20 House: Committee amendments agreed to
- 03/04/20 House: Amendments by Delegate Jonesagreed to
- 03/04/20 House: Engrossed by House as amended
- 03/04/20 House: Passed House with amendments (69-Y 25-N)
- 03/04/20 House: VOTE: Passage (69-Y 25-N)
- 03/05/20 Senate: Passed by temporarily
- 03/05/20 Senate: House amendments rejected by Senate (1-Y 39-N)
- 03/05/20 House: House insisted on amendments
- 03/05/20 House: House requested conference committee
- 03/05/20 Senate: Senate acceded to request (36-Y 2-N)
- 03/05/20 Senate: Conferees appointed by Senate
- 03/05/20 Senate: Senators: McClellan, Spruill, Norment
- 03/05/20 House: Conferees appointed by House
- 03/05/20 House: Delegates: Bourne, Ayala, Wilt
- 03/07/20 Conference: Amended by conference committee
- 03/07/20 Senate: Conference report agreed to by Senate (39-Y 0-N)
- 03/08/20 House: Passed by temporarily
- 03/08/20 House: Conference report agreed to by House (75-Y 17-N)
- 03/08/20 House: VOTE: Adoption (75-Y 17-N)
- 03/18/20 Senate: Bill text as passed Senate and House (SB731ER)
- 03/18/20 Senate: Enrolled
- 03/18/20 Senate: Signed by President
- 03/19/20 House: Signed by Speaker
- 03/20/20 Senate: Enrolled Bill Communicated to Governor on March 20, 2020
- 03/20/20 Governor: Governor's Action Deadline 11:59 p.m., April 11, 2020
- 04/10/20 Governor: Approved by Governor-Chapter 1108 (effective 7/1/20)
- 04/10/20 Governor: Acts of Assembly Chapter text (CHAP1108)