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HB2503

Public utilities; transactions with affiliates, fuel procurement arrangements.

Status:
Killed

Chief Patron:
Sam Rasoul (D)

Session:
2019 Regular Session

Summary

As Introduced. Public utilities; transactions with affiliates; fuel procurement arrangements.

Requires the State Corporation Commission to conduct a formal hearing before approving any changes to fuel procurement arrangements between affiliates of an electric utility or its parent company that will impact rate payers. The measure requires that the Commission, before approving any transaction or act with an affiliated interest, find that it is in the public interest. The measure also requires that Commission hearings on a public utility's transactions with an affiliate be formal hearings held after notice and opportunity to be heard. Currently the Commission may conduct informal hearings on such petitions. Finally, the measure requires that any contract or arrangement for fuel, materials, funding, or services to be provided directly or indirectly to a utility by an affiliate be filed with the Commission and made available to the public for review without restrictions. (Less)

  • Bill History

  • 01/09/2019 - House: Prefiled and ordered printed; offered 01/09/19 19102307D
  • 01/09/2019 - House: Referred to Committee on Commerce and Labor
  • 01/15/2019 - House: Assigned C & L sub: Subcommittee #3
  • 01/17/2019 - House: Impact statement from SCC (HB2503)
  • 01/24/2019 - House: Subcommittee recommends striking from docket (9-Y 0-N)
  • 02/05/2019 - House: Left in Commerce and Labor

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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