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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.
- 04/12/23 House: Reenrolled bill text (HB1770ER2)
- 03/07/23 House: Bill text as passed House and Senate (HB1770ER)
- 02/25/23 House: Conference substitute printed 23107588D-H2
- 02/20/23 Senate: Committee substitute printed 23106618D-S1
- 02/02/23 House: Committee substitute printed 23106225D-H1
- 01/10/23 House: Prefiled and ordered printed; offered 01/11/23 23104233D
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
4. Line 433, enrolled, after utility 7. Line 603, enrolled, after include 13. Beginning of line 1292, enrolled1. Line 124, enrolled, after utility
strike
which
insert
that
2. Line 257, enrolled, after sale
insert
, [a comma]
3. Line 386, enrolled, after section
strike
which
insert
that
strike
for the entire period between July 1, 2021, and June 30, 2023
insert
, 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
insert
; [a semicolon]
6. Line 501, enrolled, after succeeding
strike
review period
insert
rate periods
strike
the remainder of line 603
8. Line 604, enrolled, after service,
insert
and
9. Line 604, enrolled, after utility
strike
the remainder of line 604 and through forecasting on line
605
10. Line 1118, enrolled, after by
strike
a
11. Line 1129, enrolled, after 8.
strike
In any
12. Line 1129, enrolled, after
triennial
insert
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
strike
The
insert
e. In any biennial review of a Phase II Utility, the
14. Line 1542, enrolled, after That
insert
, 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
strike
its
insert
such customer's
16. Line 1571, enrolled, after on
strike
its
insert
such customer's
17. Line 1585, enrolled, after 2027.
strike
Until
insert
Beginning January 1, 2024, and until