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1998 SESSION
SJ 91 Study; Joint Subcomm. Examining Electric Utility Restructuring.
Introduced by: Jackson E. Reasor, Jr. | all patrons ... notes | add to my profiles
SUMMARY:
Continuing the Joint Subcommittee Examining Electric Utility Restructuring in the Commonwealth. Continues the joint subcommittee examining the potential for electric utility restructuring within Virginia. The resolution directs this joint subcommittee to continue work begun in 1996 pursuant to Senate Joint Resolution No. 118, and continued in 1997 in response to Senate Joint Resolution No. 259. These studies examined one central issue: whether Virginia should restructure its electric utility industry to (i) eliminate the exclusive service territories through which franchised electric utilities and cooperatives furnish electric power, and (ii) permit electricity customers to purchase electric power from the seller of their choice.
This resolution directs the joint subcommittee to review, in detail, the restructuring legislative proposals it has received to date, as well as such other proposals as it may receive, and to obtain such technical assistance as it may require in reviewing the potential impact of such proposals or any of their components. Significantly, the resolution directs the joint subcommittee to develop a comprehensive restructuring proposal for Virginia's electricity market.
The resolution encourages the SCC to continue its investigation of electric utilities, and to (i) facilitate (to the extent of the SCC's authority) the development of independent system operators in conjunction with regional power exchanges and (ii) coordinate restructuring pilot programs and studies to be conducted by Virginia's electric and gas utilities and electric cooperatives.
Finally, the resolution expresses the sense of the General Assembly that Virginia's electric utilities should recover "legitimate stranded costs" (as such costs may be defined by the General Assembly) in the event of restructuring.
FULL TEXT
- 01/23/98 Senate: Presented & ordered printed 980475727 pdf
- 02/17/98 Senate: Printed as engrossed 980475727-E pdf
- 03/19/98 Senate: Bill text as passed Senate and House (SJ91ER) pdf
AMENDMENTS
HISTORY
- 01/23/98 Senate: Presented & ordered printed 980475727
- 01/23/98 Senate: Referred to Committee on Rules
- 02/04/98 Senate: Assigned to Rules sub-committee: Studies
- 02/16/98 Senate: Reported from Rules with amendment by voice vote
- 02/17/98 Senate: Reading waived (39-Y 0-N)
- 02/17/98 Senate: VOTE: (39-Y 0-N)
- 02/17/98 Senate: Read second time
- 02/17/98 Senate: Reading of amendment waived
- 02/17/98 Senate: Committee amendment agreed to
- 02/17/98 Senate: Engrossed by Senate as amended
- 02/17/98 Senate: Printed as engrossed 980475727-E
- 02/17/98 Senate: Reading waived (39-Y 0-N)
- 02/17/98 Senate: VOTE: (39-Y 0-N)
- 02/17/98 Senate: Agreed to by Senate by voice vote
- 02/17/98 Senate: Communicated to House
- 02/19/98 House: Placed on Calendar
- 02/20/98 House: Referred to Committee on Rules
- 02/20/98 House: Assigned to Rules sub-committee: 3
- 03/10/98 House: Reported from Rules with amendments (15-Y 0-N)
- 03/11/98 House: Passed by for the day
- 03/12/98 House: Committee amendments rejected
- 03/12/98 House: Amendments by Mr. Diamonstein agreed to
- 03/12/98 House: Engrossed by House as amended
- 03/12/98 House: Agreed to by House with amendments (96-Y 0-N)
- 03/12/98 House: VOTE: ADOPTION (96-Y 0-N)
- 03/13/98 Senate: Reading of amendments waived
- 03/13/98 Senate: Passed by temporarily
- 03/13/98 Senate: House amendments agreed to by Senate by voice vote
- 03/19/98 Senate: Bill text as passed Senate and House (SJ91ER)
- 06/24/98 Senate: Study Committee Members Appointed