Virginia House Bill 1059 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Engrossed on February 10 2014 - 50% progression, died in committee
Action: 2014-12-04 - Left in Commerce and Labor
Pending: Senate Commerce and Labor Committee
Text: Latest bill text (Comm Sub) [HTML]

Electric utilities; generation facility cost recovery. Requires an electric utility to establish a regulatory asset for regulatory accounting and ratemaking purposes under which it shall defer operation and maintenance costs incurred in connection with the refueling of any nuclear-powered generating plant and certain related work. These deferred O&M costs shall be amortized over the refueling cycle, but in no case for more than 18 months. The State Corporation Commission (SCC) is required to treat the deferred and amortized costs of such regulatory asset as part of the utility's costs for the purpose of certain proceedings. The measure also limits the portion of the costs incurred by an electric utility between July 1, 2007, and December 31, 2013, in developing a nuclear power facility or offshore wind facility that are recoverable through a rate adjustment clause to 30 percent of such amount. The remaining 70 percent of such costs may be recovered through existing base rates as determined by the SCC in the test periods under review in the utility's next biennial review filed after July 1, 2014. All of the costs incurred after December 31, 2013, may be deferred for recovery through a rate adjustment clause as may be approved by the SCC. The measure also states that the planning and development activities for new nuclear generation facilities and generation facilities utilizing energy derived from offshore wind are in the public interest. Finally, the measure also rewords a provision that currently states that nothing precludes the Commission from determining the reasonableness or prudence of any cost incurred or projected to be incurred by a utility.

Electric utility regulation; recovery of certain generation facility costs, etc.

Del. Terry Kilgore [R]

2014-03-03 - Senate - Senate: Continued to 2015 in Commerce and Labor (13-Y 0-N) (Y: 13 N: 0 NV: 0 Abs: 0) [PASS]
2014-02-11 - House - House: VOTE: PASSAGE #2 (76-Y 20-N 3-A) (Y: 78 N: 20 NV: 0 Abs: 3) [PASS]
2014-02-11 - House - House: VOTE: PASSAGE (73-Y 23-N 2-A) (Y: 75 N: 23 NV: 1 Abs: 2) [PASS]
2014-02-04 - House - House: Reported from Commerce and Labor with substitute (18-Y 2-N) (Y: 19 N: 2 NV: 0 Abs: 1) [PASS]
2014-01-30 - House - House: Subcommittee recommends reporting with amendment(s) (10-Y 2-N) (Y: 10 N: 2 NV: 1 Abs: 0) [PASS]

Date	Chamber	Action
2014-12-04	Senate	Left in Commerce and Labor
2014-03-03	Senate	Continued to 2015 in Commerce and Labor (13-Y 0-N)
2014-02-12	Senate	Referred to Committee on Commerce and Labor
2014-02-12	Senate	Constitutional reading dispensed
2014-02-11	House	VOTE: PASSAGE #2 (76-Y 20-N 3-A)
2014-02-11	House	Passed House (76-Y 20-N 3-A)
2014-02-11	House	Reconsideration of passage agreed to by House
2014-02-11	House	VOTE: PASSAGE (73-Y 23-N 2-A)
2014-02-11	House	Read third time and passed House (73-Y 23-N 2-A)
2014-02-10	House	Engrossed by House - committee substitute HB1059H1
2014-02-10	House	Amendments # 5 and 10 by Delegate Ware rejected
2014-02-10	House	Amendments # 1-4 and 6-9 by Delegate Ware rejected
2014-02-10	House	Committee substitute agreed to 14104219D-H1
2014-02-10	House	Read second time
2014-02-07	House	Passed by for the day
2014-02-06	House	Read first time
2014-02-04	House	Committee substitute printed 14104219D-H1
2014-02-04	House	Reported from Commerce and Labor with substitute (18-Y 2-N)
2014-01-30	House	Subcommittee recommends reporting with amendment(s) (10-Y 2-N)
2014-01-15	House	Assigned C & L sub: Special Subcommittee on Energy
2014-01-08	House	Referred to Committee on Commerce and Labor
2014-01-08	House	Presented and ordered printed 14103508D

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?151+sum+HB1059
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?151+ful+HB1059+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?151+ful+HB1059H1+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?151+vot+H1403C0012+HB1059
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?151+vot+H14C0065+HB1059
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?151+vot+HC0662+HB1059
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?151+vot+HC0704+HB1059
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?151+vot+S02C0098+HB1059