Bill Text: VA SB429 | 2010 | Regular Session | Prefiled
Bill Title: Electric utilities; required to develop tariffs offering real-time rates.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2010-02-08 - Senate: Failed to report (defeated) in Commerce and Labor (6-Y 7-N 2-A) [SB429 Detail]
Download: Virginia-2010-SB429-Prefiled.html
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10101857D Be it enacted by the General Assembly of Virginia: 1. That the Code of Virginia is amended by adding a section numbered 56-234.2:1 as follows: §56-234.2:1. Electric utilities to offer real-time rates. A. The Commission, after notice and opportunity for hearing, shall adopt regulations that require each investor-owned public utility providing electric service in the Commonwealth to offer electric service to customers in each customer class under a tariff that utilizes rates that vary in accordance with changes in the utility's costs of providing electricity seasonally, daily, and throughout each day. Such dynamic or variable rates shall be offered in a manner that permits customers taking service under such tariff to receive information regarding the costs of electricity from the utility that allows customers to shift or curtail their usage in response to variations in rates that correspond to changes in the utility's cost of generating or purchasing electric power. Such tariff shall be in addition to any other tariff currently offered by the utility. B. Regulations adopted under subsection A shall require that any such tariff (i) is in the public interest, (ii) will not unreasonably prejudice or disadvantage any customer or class of customers, (iii) will not jeopardize the continuation of reliable electric service, and (iv) will not penalize customers taking service under such tariff for a permissible use of utility services. C. The Commission shall enter a scheduling order to each investor-owned public utility providing electric service in the Commonwealth that requires the utility to submit a plan setting forth how the utility will comply with the regulations. Such regulations may require utilities to offer service under such tariff initially as a pilot program in limited areas or to a limited number of customers, or to individual customer classes. The Commission shall, after notice and the opportunity for hearing, determine whether a utility's plan complies with the regulations. If the Commission finds that the utility's plan complies with the regulations, the utility shall offer electric service to eligible customers at the rates and upon the terms and conditions contained in such plans. Eligible customers shall have the option to purchase electric service under such tariff, but shall not be precluded from receiving electric service under any other approved rate, toll, charge, or schedule. |
