Electric utilities; recovery of costs, rate adjustment clause proceedings, etc.
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SB 761 — Electric utilities; recovery of costs, rate adjustment clause proceedings, etc.
Last action — Passed by indefinitely in Commerce and Labor (14-Y 1-N)
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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2In Committee
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3Passed Senate
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4Passed House of Delegates
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5To Executive
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6Enacted
This bill died with 2022 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Summary
Electric utilities; recovery of costs; rateadjustment clause proceedings; construction or acquisition of certainfacilities. Provides that in any proceeding regarding petitionsfor a rate adjustment clause, the State Corporation Commission may,as an alternative to a rate adjustment clause, authorize recoveryof any proposed cost through the utility's rates for generation anddistribution services, if the Commission, in its discretion, determinesthat such cost recovery better serves ratepayers while still providingthe utility the opportunity to recover its costs and earn a fairrate of return. Additionally, the bill prohibits the Commission fromapproving the recovery of costs related to the construction or acquisitionof generation facilities powered by sunlight or onshore or offshorewind, or energy storage facilities, that are constructed or acquiredby a Phase I or Phase II Utility after July 1, 2022, unless the Commissiondetermines that the construction or acquisition of such facilitiesis (i) necessary to maintain the reliability or security of electricservice to customers or meet the renewable energy portfolio standard (RPS) program requirements established in this section and (ii) isthe lowest-cost option to maintain the reliability or security ofelectric service to customers or meet the RPS program requirements.
Bill Text
- Presented and ordered printed 22104566D View text Current pdf January 21, 2022
Action History
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Passed by indefinitely in Commerce and Labor (14-Y 1-N)
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Assigned C&L sub: Energy
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Impact statement from SCC (SB761)
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Referred to Committee on Commerce and Labor
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Presented and ordered printed 22104566D
Sponsors
- David R. Suetterlein · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 147 not signed on · 1 voted No
Sponsors (1)
Co-sponsors (0)
None.
Not signed on (147)
147 members have not signed on to this bill.
Show all 147 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 14 | 1 | 0 | 0 |
| Total | 14 | 1 | 0 | 0 |
| % of votes cast | 93% | 7% | 0% | 0% |
How each member voted (15)
| Member | Party | Vote |
|---|---|---|
| Spruill, Lionell, Sr. | — | Yea |
| Barker, George L. | — | Yea |
| Bell, John J. | — | Yea |
| David W. Marsden | — | Yea |
| Ebbin, Adam P. | — | Yea |
| Edwards, John S. | — | Yea |
| L. Louise Lucas | — | Yea |
| Lewis, Lynwood W., Jr. | — | Yea |
| Mark D. Obenshain | — | Yea |
| Mason, T. Montgomery "Monty" | — | Yea |
| Newman, Stephen D. | — | Nay |
| Norment, Thomas K., Jr. | — | Yea |
| R. Creigh Deeds | — | Yea |
| Saslaw, Richard L. | — | Yea |
| Scott A. Surovell | — | Yea |
Subjects
Frequently asked questions
- What does SB 761 do?
- Electric utilities; recovery of costs; rateadjustment clause proceedings; construction or acquisition of certainfacilities. Provides that in any proceeding regarding petitionsfor a rate adjustment clause, the State Corporation Commission may,as an alternative to a rate adjustment clause, authorize recoveryof any proposed cost through the utility's rates for generation anddistribution services, if the Commission, in its discretion, determinesthat such cost recovery better serves ratepayers while still providingthe utility the opportunity to recover its costs and earn a fairrate of return. Additionally, the bill prohibits the Commission fromapproving the recovery of costs related to the construction or acquisitionof generation facilities powered by sunlight or onshore or offshorewind, or energy storage facilities, that are constructed or acquiredby a Phase I or Phase II Utility after July 1, 2022, unless the Commissiondetermines that the construction or acquisition of such facilitiesis (i) necessary to maintain the reliability or security of electricservice to customers or meet the renewable energy portfolio standard (RPS) program requirements established in this section and (ii) isthe lowest-cost option to maintain the reliability or security ofelectric service to customers or meet the RPS program requirements.
- Who sponsors SB 761?
- SB 761 is sponsored by David R. Suetterlein.
- What is the current status of SB 761?
- This bill died with 2022 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track SB 761?
- Track SB 761 free on One Click Politics — get push/email alerts when it moves.
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