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HB167

Electric utilities; fuel cost recovery.

Status:
Enacted

Chief Patron:
Lee Ware (R)

Session:
2020 Regular Session

Summary

As Passed House of Origin. Electric utilities; fuel cost recovery.

Requires an electric utility, as a condition of approval of any request by an electric utility for recovery through its fuel factor of costs incurred under a natural gas capacity contract not previously subject to review in a fuel factor case, to prove by a preponderance of the evidence that the utility has (i) determined that the utility cannot meet its service obligations, giving due regard, in the Commission's sole discretion, to reliability of service and the need to maintain reliable sources of supply, without an additional fuel resource; (ii) reasonably identified and determined the date and amount of the new fuel resource it needs; (iii) objectively studied available alternative fuel resource options, as verified by the Commission, including options other than a new natural gas capacity contract or contracts to meet the identified and determined need; and (iv) determined that the natural gas capacity contract or contracts are the lowest-cost available option, taking into consideration fixed and variable costs and a reasonable projection of utilization. (Less)

  • Bill History

  • 12/24/2019 - House: Prefiled and ordered printed; offered 01/08/20 20102451D
  • 12/24/2019 - House: Referred to Committee on Labor and Commerce
  • 12/24/2019 - House: Referred to Committee on Labor and Commerce
  • 01/08/2020 - House: Impact statement from SCC (HB167)
  • 01/14/2020 - House: Assigned L & C sub: Subcommittee #3
  • 01/23/2020 - House: Subcommittee recommends reporting with substitute (5-Y 4-N)
  • 01/30/2020 - House: Reported from Labor and Commerce with substitute (21-Y 0-N)
  • 01/30/2020 - House: Committee substitute printed 20106500D-H1
  • 02/03/2020 - House: Read first time
  • 02/04/2020 - House: Read second time
  • 02/04/2020 - House: Committee substitute agreed to 20106500D-H1
  • 02/04/2020 - House: Engrossed by House - committee substitute HB167H1
  • 02/05/2020 - House: Read third time and passed House BLOCK VOTE (96-Y 0-N)
  • 02/05/2020 - House: VOTE: Block Vote Passage (96-Y 0-N)
  • 02/05/2020 - House: Reconsideration of passage agreed to by House
  • 02/05/2020 - House: Read third time and passed House BLOCK VOTE (99-Y 0-N)
  • 02/05/2020 - House: VOTE: Block Vote Passage #2 (99-Y 0-N)
  • 02/06/2020 - Senate: Constitutional reading dispensed
  • 02/06/2020 - Senate: Referred to Committee on Commerce and Labor
  • 02/10/2020 - House: Impact statement from SCC (HB167H1)
  • 02/24/2020 - Senate: Reported from Commerce and Labor (15-Y 0-N)
  • 02/26/2020 - Senate: Constitutional reading dispensed (38-Y 0-N)
  • 02/27/2020 - Senate: Read third time
  • 02/27/2020 - Senate: Passed Senate (40-Y 0-N)
  • 03/04/2020 - House: Enrolled
  • 03/04/2020 - House: Bill text as passed House and Senate (HB167ER)
  • 03/05/2020 - House: Impact statement from SCC (HB167ER)
  • 03/05/2020 - House: Signed by Speaker
  • 03/05/2020 - Senate: Signed by President
  • 03/12/2020 - House: Enrolled Bill communicated to Governor on March 12, 2020
  • 03/12/2020 - Governor: Governor's Action Deadline 11:59 p.m., April 11, 2020
  • 04/06/2020 - Governor: Approved by Governor-Chapter 661 (effective 7/1/20)
  • 04/06/2020 - Governor: Acts of Assembly Chapter text (CHAP0661)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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