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1998 SESSION
HB 1172 Electric utility industry; schedule.
Introduced by: Kenneth R. Plum | all patrons ... notes | add to my profiles
SUMMARY:
Electric Utilities; wholesale and retail competition. Establishes a schedule for Virginia's transition to retail competition in the sale of electricity, as follows: 1. The State Corporation Commission, and entities with interests in electric generation and transmission facilities and the sale of electricity in Virginia, will work to establish independent system operators and regional power exchanges by January 1, 2001. 2. The transition to retail competition and the deregulation of generation facilities (as will be defined and determined by the General Assembly and, thereafter, by regulation of the State Corporation Commission) will commence in Virginia on January 1, 2002. 3. Retail competition, as defined and determined by the General Assembly and, thereafter, by regulation of the State Corporation Commission, will commence in Virginia on January 1, 2004. 4. Just and reasonable net stranded costs will be recoverable, and appropriate consumer safeguards related to stranded costs and stranded benefits will be implemented, as defined and determined by the General Assembly and, thereafter, by regulation of the State Corporation Commission. 5. In implementing this bill, the General Assembly and the State Corporation Commission are required to ensure reliable electric service at reasonable and just rates to all classes of consumers with due regard to the protection of the environment. 6. The General Assembly, in implementing this bill, is also required to give due regard to the unique regulatory and taxation structures of all electric utilities and power supply cooperatives in Virginia. 7. The enactment is declared to have no effect on any pending litigation at the State Corporation Commission or in any court in the Commonwealth, or on any power or duty of the Commission granted by law or the Constitution of Virginia.
FULL TEXT
- 01/26/98 House: Presented & ordered printed 988634408 pdf
- 02/15/98 House: Committee substitute printed 980512408-H1 pdf
- 03/02/98 Senate: Committee substitute printed 988781727-S1 pdf
- 03/30/98 House: Bill text as passed House and Senate (HB1172ER) pdf
- 04/27/98 Governor: Acts of Assembly Chapter text (CHAP0633) pdf
AMENDMENTS
HISTORY
- 01/26/98 House: Presented & ordered printed 988634408
- 01/26/98 House: Referred to Committee on Corporations, Insurance and Banking
- 02/05/98 House: Assigned to C. I. B. sub-committee: 1
- 02/15/98 House: Reported from C. I. B. w/sub. (23-Y 3-N)
- 02/15/98 House: Committee substitute printed 980512408-H1
- 02/16/98 House: Read first time
- 02/17/98 House: Read second time
- 02/17/98 House: Committee substitute agreed to 980512408-H1
- 02/17/98 House: Motion to pending question agreed to
- 02/17/98 House: Pending question ordered
- 02/17/98 House: Engrossed by House - com. sub. 980512408-H1
- 02/17/98 House: Constitutional reading dispensed
- 02/17/98 House: Passed House (82-Y 16-N)
- 02/17/98 House: VOTE: PASSAGE (82-Y 16-N)
- 02/17/98 House: Communicated to Senate
- 02/19/98 Senate: Constitutional reading dispensed
- 02/19/98 Senate: Referred to Committee on Commerce and Labor
- 03/02/98 Senate: Reported from C. & L. with substitute (14-Y 0-N 1-A)
- 03/02/98 Senate: Committee substitute printed 988781727-S1
- 03/03/98 Senate: Const. reading disp., passed by for the day (39-Y 0-N)
- 03/03/98 Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
- 03/04/98 Senate: Read third time
- 03/04/98 Senate: Reading of substitute waived
- 03/04/98 Senate: Committee substitute agreed to 988781727-S1
- 03/04/98 Senate: Reading of amendment waived
- 03/04/98 Senate: Amendment #1 by Sen. Marye rejected
- 03/04/98 Senate: Reading of amendments waived
- 03/04/98 Senate: Amendments #2 & 3 by Sen. Reasor agreed to
- 03/04/98 Senate: Engrossed by Senate - comm. sub. w/amds. 988781727-ES1
- 03/04/98 Senate: Passed Senate with sub. w/amds. (35-Y 2-N 2-A)
- 03/04/98 House: Placed on Calendar
- 03/04/98 Senate: VOTE: PASSAGE R (35-Y 2-N)
- 03/05/98 House: Passed by for the day
- 03/06/98 House: Passed by for the day
- 03/09/98 House: Passed by for the day
- 03/10/98 House: Passed by for the day
- 03/11/98 House: Passed by for the day
- 03/12/98 House: Senate sub. w/amds. agreed to by House (89-Y 7-N)
- 03/12/98 House: VOTE: ADOPTION (89-Y 7-N)
- 03/30/98 House: Bill text as passed House and Senate (HB1172ER)
- 04/06/98 House: Enrolled
- 04/06/98 House: Signed by Speaker
- 04/08/98 Senate: Signed by President
- 04/15/98 Governor: Approved by Governor-Chapter 633 (effective 7/1/98)
- 04/27/98 Governor: Acts of Assembly Chapter text (CHAP0633)