Virginia Senate Bill 91 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on December 26 2007 - 25% progression, died in chamber
Action: 2008-02-04 - Senate: Left in Commerce and Labor

Electricity rates; adjustment clauses. Provides the State Corporation Commission with authority to review the recovery by electric utilities of certain expenses that will be recoverable under current law through rate adjustment clauses. The utility expenses will instead be subject to review as part of the biennial rate review of the utility's total revenues and expenses. Items that are scheduled to be recoverable through rate adjustment clauses include (i) costs for transmission services; (ii) deferred environmental and reliability costs; (iii) costs of providing incentives for the utility to design and operate fair and effective demand-management, conservation, energy efficiency, and load management programs; (iv) costs of participation in the renewable energy portfolio standard program; (v) costs of projects that the SCC finds to be necessary to comply with state or federal environmental laws or regulations applicable to generation facilities used to serve the utility’s native load obligations; and (vi) costs of certain generation projects, including Dominion's proposed coal-fired plant in Southwest Virginia. Provisions that limit the SCC's discretion regarding any incentive return for new generation facilities are repealed.

Electricity rates; adjustment clauses.

Sen. Roscoe Reynolds [D]

Date	Chamber	Action
2008-02-04		Senate: Left in Commerce and Labor
2007-12-26		Senate: Referred to Committee on Commerce and Labor
2007-12-26		Senate: Prefiled and ordered printed; offered 01/09/08 080024316

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?081+sum+SB91