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2023 SESSION

House Bills with Governor's Recommendations

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H.B. 1770. An Act to amend and reenact §§ 56-581, 56-585.1, 56-585.1:4, and 56-599 of the Code of Virginia and to amend the Code of Virginia by adding a section numbered 56-249.6:1, relating to Virginia Electric Utility Regulation Act; financing for certain deferred fuel costs; review proceedings; rates; return on common equity; rate adjustment clauses; capitalization ratio.

Patron--Kilgore

Reported from Committee on Commerce and Labor with substitute February 20, 2023 (10-Y 3-N)

Passed Senate with substitute February 22, 2023 (25-Y 14-N)

GOVERNOR'S RECOMMENDATION

 

    1. Line 124, enrolled, after utility
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        which
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        that
    2. Line 257, enrolled, after sale
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        , [a comma]
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        which
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        that

        4. Line 433, enrolled, after utility

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        for the entire period between July 1, 2021, and June 30, 2023
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        , or that purchased electric energy from the electric utility pursuant to a Commission-approved market-based tariff, during the period when the deferred fuel costs to be financed were incurred. Such exemption shall be prorated to the extent an otherwise exempt retail customer purchased electric energy from the electric utility, in which case the retail customer shall be responsible for its pro rata share of deferred fuel cost charges authorized under a financing order
    5. Line 460, enrolled, after assignee
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        ; [a semicolon]
    6. Line 501, enrolled, after succeeding
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        review period
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        rate periods

        7. Line 603, enrolled, after include

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        the remainder of line 603
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        and
    9. Line 604, enrolled, after utility
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        the remainder of line 604 and through forecasting on line 605
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        a
    11. Line 1129, enrolled, after 8.
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        In any
    12. Line 1129, enrolled, after triennial
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        For a Phase I Utility in any triennial review proceeding filed on or before June 30, 2023 or for a Phase II Utility in any biennial

        13. Beginning of line 1292, enrolled

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        The
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        e. In any biennial review of a Phase II Utility, the
    14. Line 1542, enrolled, after That
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        , notwithstanding the provisions of subdivision A 2 a or c of § 56-585.1 of the Code of Virginia, as amended by this act,
    15.  Line 1570, enrolled, after satisfy
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        its
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        such customer's
    16. Line  1571, enrolled, after on
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        its
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        such customer's
    17. Line 1585, enrolled, after 2027.
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        Until
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        Beginning January 1, 2024, and until