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2024 SESSION
SB 454 Electric utilities; recovery of development costs associated with small modular reactor.
Introduced by: David W. Marsden | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED:
Electric utilities; recovery of development costs associated with small modular reactor. Permits Dominion Energy Virginia to petition the State Corporation Commission at any time for the approval of a rate adjustment clause for the recovery of small modular reactor project development costs for up to one small modular reactor facility. The bill also permits the utility to petition the Commission for project development cost recovery along separate development phases. The bill has an expiration date of December 31, 2029.
SUMMARY AS PASSED SENATE:
Electric utilities; recovery of development costs associated with small modular reactor. Permits American Electric Power and Dominion Energy Virginia to petition the State Corporation Commission at any time for the approval of a rate adjustment clause for the recovery of small modular reactor project development costs for up to one small modular reactor facility. The bill also permits the utility to petition the Commission for project development cost recovery along separate development phases.
SUMMARY AS INTRODUCED:
Electric utilities; recovery of development costs associated with small modular reactor. Permits American Electric Power (Phase I Utility) and Dominion Energy Virginia (Phase II Utility) to petition the State Corporation Commission at any time for the approval of a rate adjustment clause for the recovery of small modular reactor project development costs. The bill also permits the utility to petition the Commission for project development cost recovery along separate development phases.