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]

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.

Tracking Information

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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]

History

DateChamberAction
2013-03-13 Governor: Acts of Assembly Chapter text (CHAP0281)
2013-03-13 Governor: Approved by Governor-Chapter 281 (effective 7/1/13)
2013-02-20SenateSigned by President
2013-02-20HouseSigned by Speaker
2013-02-20HouseBill text as passed House and Senate (HB1770ER)
2013-02-20HouseEnrolled
2013-02-14SenatePassed Senate (40-Y 0-N)
2013-02-14SenateRead third time
2013-02-13SenateConstitutional reading dispensed (40-Y 0-N)
2013-02-11SenateReported from Commerce and Labor (15-Y 0-N)
2013-02-05SenateReferred to Committee on Commerce and Labor
2013-02-05SenateConstitutional reading dispensed
2013-02-04HouseVOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
2013-02-04HouseRead third time and passed House BLOCK VOTE (100-Y 0-N)
2013-02-01HouseEngrossed by House - committee substitute HB1770H1
2013-02-01HouseCommittee substitute agreed to 13104542D-H1
2013-02-01HouseRead second time
2013-01-31HouseRead first time
2013-01-29HouseCommittee substitute printed 13104542D-H1
2013-01-29HouseReported from Commerce and Labor with substitute (22-Y 0-N)
2013-01-08HouseReferred to Committee on Commerce and Labor
2013-01-08HousePrefiled 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)

Subjects


Virginia State Sources


Bill Comments

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