SB 454

  • Virginia Senate Bill
  • 2024 Regular Session
  • Introduced in Senate Jan 09, 2024
  • Passed Senate Feb 13, 2024
  • Passed House Mar 06, 2024
  • Became Law Apr 17, 2024

Electric utilities; recovery of development costs associated with small modular reactor.

Abstract

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.

Electric utilities; recovery of developmentcosts 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.

Electric utilities; recovery of developmentcosts associated with small modular reactor. Permits AmericanElectric Power (Phase I Utility) and Dominion Energy Virginia (Phase II Utility) to petition the State Corporation Commission at any timefor the approval of a rate adjustment clause for the recovery ofsmall modular reactor project development costs. The bill also permitsthe utility to petition the Commission for project development costrecovery along separate development phases.

Bill Sponsors (1)

Votes


Actions


Apr 22, 2024

Senate

Impact statement from SCC (SB454ER)

Apr 17, 2024

Office of the Governor

Acts of Assembly Chapter text (CHAP0789)

House

Enacted, Chapter 789 (effective 7/1/24)

House

Signed by Speaker as reenrolled

Senate

Signed by President as reenrolled

Senate

Reenrolled bill text (SB454ER2)

Senate

Reenrolled

Office of the Governor

Governor's recommendation adopted

House

VOTE: Adoption (68-Y 27-N 1-A)

Senate

Senate concurred in Governor's recommendation (27-Y 13-N)

House

House concurred in Governor's recommendation (68-Y 27-N 1-A)

Apr 08, 2024

Senate

Governor's substitute printed 24109376D-S2

Senate

Governor's recommendation received by Senate

Mar 27, 2024

Senate

Enrolled Bill Communicated to Governor on March 27, 2024

Office of the Governor

Governor's Action Deadline 11:59 p.m., April 8, 2024

Mar 26, 2024

House

Signed by Speaker

Mar 25, 2024

Senate

Bill text as passed Senate and House (SB454ER)

Senate

Signed by President

Senate

Enrolled

Mar 08, 2024

Senate

Impact statement from SCC (SB454H1)

Mar 07, 2024

Senate

House amendments agreed to by Senate (26-Y 14-N)

Mar 06, 2024

House

House committee, floor amendments and substitutes offered

House

Read third time

House

Committee on Labor and Commerce substitute rejected 24108309D-H1

House

Passed by temporarily

House

Amendments by Delegate Mundon King agreed to

House

Motion to rerefer to committee on Labor and Commerce by Delegate Ware rejected

House

Passed House with amendments (52-Y 44-N 1-A)

House

VOTE: Passage (52-Y 44-N 1-A)

Mar 05, 2024

House

Passed by for the day

Mar 04, 2024

House

Passed by for the day

Mar 01, 2024

House

Passed by for the day

Feb 29, 2024

House

Read second time

Feb 27, 2024

House

Reported from Labor and Commerce with substitute (14-Y 7-N)

House

Committee substitute printed 24108309D-H1

Feb 16, 2024

House

Placed on Calendar

Senate

Impact statement from SCC (SB454S1)

House

Referred to Committee on Labor and Commerce

House

Read first time

Feb 13, 2024

Senate

Read third time and passed Senate (20-Y 16-N)

Feb 12, 2024

Senate

Reading of substitute waived

Senate

Engrossed by Senate - committee substitute SB454S1

Senate

Committee substitute agreed to 24106520D-S1

Senate

Read second time

Feb 09, 2024

Senate

Senate committee, floor amendments and substitutes offered

Senate

Constitutional reading dispensed (39-Y 0-N)

Senate

Committee substitute printed 24106520D-S1

Senate

Reported from Commerce and Labor with substitute (8-Y 7-N)

Jan 31, 2024

Senate

Impact statement from SCC (SB454)

Jan 09, 2024

Senate

Prefiled and ordered printed; offered 01/10/24 24104921D

Senate

Referred to Committee on Commerce and Labor

Bill Text

Bill Text Versions Format
Committee substitute printed 24106520D-S1 PDF HTML
Committee substitute printed 24108309D-H1 PDF HTML
SB454ER PDF HTML
Governor's substitute printed 24109376D-S2 PDF HTML
SB454ER2 PDF HTML
CHAP0789 PDF HTML

Related Documents

Document Format
Fiscal Impact Statement: SB454FER171.PDF PDF
Fiscal Impact Statement: SB454FH1171.PDF PDF
Fiscal Impact Statement: SB454FS1171.PDF PDF
Fiscal Impact Statement: SB454F171.PDF PDF
Amendment: SB454AHE HTML
Amendment: SB454AH HTML
Amendment: SB454AG HTML

Sources

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