HB 792

  • Virginia House Bill
  • 2024 Regular Session
  • Introduced in House Jan 09, 2024
  • House
  • Senate
  • Governor

Electric utilities; regulation of rates, prohibited recovery.

Abstract

Electric utilities; regulation of rates; prohibited recovery; report. Provides that the State Corporation Commissionshall consider any rate, toll, charge, or schedule of a public utilityjust and reasonable only if the investor-owned public electric utilityhas demonstrated that no parts of such rates, tolls, charges, orschedules includes costs for activities as prohibited by the bill.The bill prohibits investor-owned electric utilities from recoveringthrough base rates any direct or indirect costs associated with certainprohibited recovery activities listed in the bill. The bill requireseach such utility to submit an annual report to the Commission startingJuly 1, 2025, of specific information related to the prohibited recoveryactivities listed in the bill. The bill also permits the Commissionto impose a fee on any utility acting in violation of the provisionsof the bill in an amount equal to the amount improperly recoveredby the utility through any prohibited recovery activity listed inthe bill.

Bill Sponsors (4)

Votes


Actions


Feb 13, 2024

House

Left in Labor and Commerce

Jan 30, 2024

House

Impact statement from SCC (HB792)

House

House subcommittee amendments and substitutes offered

House

Subcommittee recommends laying on the table (10-Y 0-N)

Jan 18, 2024

House

Assigned L & C sub: Subcommittee #3

Jan 09, 2024

House

Referred to Committee on Labor and Commerce

House

Prefiled and ordered printed; offered 01/10/24 24103443D

Bill Text

Bill Text Versions Format
Prefiled and ordered printed; offered 01/10/24 24103443D PDF HTML

Related Documents

Document Format
Fiscal Impact Statement: HB792F171.PDF PDF

Sources

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