VA HB1770 | 2013 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 13 2013 - 100% progression
Action: 2013-03-13 - Governor: Acts of Assembly Chapter text (CHAP0281)
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 13 2013 - 100% progression
Action: 2013-03-13 - Governor: Acts of Assembly Chapter text (CHAP0281)
Text: Latest bill text (Chaptered) [HTML]
Summary
Natural gas utility ratemaking; eligible safety activity costs. Permits natural gas utilities to recover certain safety activity costs incurred on or after January 1, 2013, in future rates by accounting for them as deferred costs. The amount deferred shall not exceed four percent of the natural gas utility's net plant investment that was utilized in establishing or confirming the utility's base rates. The utility shall be deemed to have recovered eligible safety activity costs to the extent that the return on equity earned by the utility in an earnings test filing for a year, after consideration of the treatment of regulatory assets, is in excess of the mid-point of the rate of return on equity range specified or confirmed in the natural gas utility's most recent rate case or performance-based regulation plan. If a utility's base rates include eligible safety activity costs, the utility shall only be permitted to defer the level of eligible safety activity costs that are in excess of the level reflected in base rates.
Title
Natural gas utilities; eligible safety activity costs to be recovered as deferred costs.
Sponsors
Roll Calls
2013-02-14 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2013-02-13 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2013-02-11 - Senate - Senate: Reported from Commerce and Labor (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2013-02-04 - House - House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N) (Y: 102 N: 0 NV: 0 Abs: 0) [PASS]
2013-01-29 - House - House: Reported from Commerce and Labor with substitute (22-Y 0-N) (Y: 23 N: 0 NV: 0 Abs: 0) [PASS]
2013-02-13 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2013-02-11 - Senate - Senate: Reported from Commerce and Labor (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2013-02-04 - House - House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N) (Y: 102 N: 0 NV: 0 Abs: 0) [PASS]
2013-01-29 - House - House: Reported from Commerce and Labor with substitute (22-Y 0-N) (Y: 23 N: 0 NV: 0 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2013-03-13 | Governor: Acts of Assembly Chapter text (CHAP0281) | |
2013-03-13 | Governor: Approved by Governor-Chapter 281 (effective 7/1/13) | |
2013-02-20 | Senate | Signed by President |
2013-02-20 | House | Signed by Speaker |
2013-02-20 | House | Bill text as passed House and Senate (HB1770ER) |
2013-02-20 | House | Enrolled |
2013-02-14 | Senate | Passed Senate (40-Y 0-N) |
2013-02-14 | Senate | Read third time |
2013-02-13 | Senate | Constitutional reading dispensed (40-Y 0-N) |
2013-02-11 | Senate | Reported from Commerce and Labor (15-Y 0-N) |
2013-02-05 | Senate | Referred to Committee on Commerce and Labor |
2013-02-05 | Senate | Constitutional reading dispensed |
2013-02-04 | House | VOTE: BLOCK VOTE PASSAGE (100-Y 0-N) |
2013-02-04 | House | Read third time and passed House BLOCK VOTE (100-Y 0-N) |
2013-02-01 | House | Engrossed by House - committee substitute HB1770H1 |
2013-02-01 | House | Committee substitute agreed to 13104542D-H1 |
2013-02-01 | House | Read second time |
2013-01-31 | House | Read first time |
2013-01-29 | House | Committee substitute printed 13104542D-H1 |
2013-01-29 | House | Reported from Commerce and Labor with substitute (22-Y 0-N) |
2013-01-08 | House | Referred to Committee on Commerce and Labor |
2013-01-08 | House | Prefiled and ordered printed; offered 01/09/13 13103231D |
Same As/Similar To
SB1287 (Same As) 2013-03-14 - Governor: Acts of Assembly Chapter text (CHAP0406)