Virginia 2024 Regular Session Status: In Committee

HB 792 — Electric utilities; regulation of rates, prohibited recovery.

Last action — Left in Labor and Commerce

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House of Delegates
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2024 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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; regulation of rates; prohibited recovery; report. Provides that the State Corporation Commissionshall consider any rate, toll, charge, or schedule of a public utilityjust and reasonable only if the investor-owned public electric utilityhas demonstrated that no parts of such rates, tolls, charges, orschedules includes costs for activities as prohibited by the bill.The bill prohibits investor-owned electric utilities from recoveringthrough base rates any direct or indirect costs associated with certainprohibited recovery activities listed in the bill. The bill requireseach such utility to submit an annual report to the Commission startingJuly 1, 2025, of specific information related to the prohibited recoveryactivities listed in the bill. The bill also permits the Commissionto impose a fee on any utility acting in violation of the provisionsof the bill in an amount equal to the amount improperly recoveredby the utility through any prohibited recovery activity listed inthe bill.

Bill Text

Action History

  1. Left in Labor and Commerce

  2. Subcommittee recommends laying on the table (10-Y 0-N)

  3. House subcommittee amendments and substitutes offered

  4. Impact statement from SCC (HB792)

  5. Assigned L & C sub: Subcommittee #3

  6. Referred to Committee on Labor and Commerce

  7. Prefiled and ordered printed; offered 01/10/24 24103443D

Sponsors

Sponsorship breakdown

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1 sponsors · 3 co-sponsors · 144 not signed on

Sponsors (1)

Co-sponsors (3)

Not signed on (144)

144 members have not signed on to this bill.

Show all 144 →

"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.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Subcommittee recommends laying on the table (10-Y 0-N)

Passed 10 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 10001
Total 10001
% of votes cast 91%0%0%9%
How each member voted (11)
Member Party Vote
Alfonso H. Lopez — Yea
Charniele L. Herring — Yea
Gilbert, C. Todd — Yea
Irene Shin — Yea
Israel D. O'Quinn — Yea
Jeion A. Ward — Not Voting
Michael J. Jones — Yea
Michael J. Webert — Yea
Mundon King, Candi — Yea
Richard C. "Rip" Sullivan, Jr. — Yea
Wren M. Williams — Yea

Official roll call →

Subjects

energy
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB 792 do?
Electric utilities; regulation of rates; prohibited recovery; report. Provides that the State Corporation Commissionshall consider any rate, toll, charge, or schedule of a public utilityjust and reasonable only if the investor-owned public electric utilityhas demonstrated that no parts of such rates, tolls, charges, orschedules includes costs for activities as prohibited by the bill.The bill prohibits investor-owned electric utilities from recoveringthrough base rates any direct or indirect costs associated with certainprohibited recovery activities listed in the bill. The bill requireseach such utility to submit an annual report to the Commission startingJuly 1, 2025, of specific information related to the prohibited recoveryactivities listed in the bill. The bill also permits the Commissionto impose a fee on any utility acting in violation of the provisionsof the bill in an amount equal to the amount improperly recoveredby the utility through any prohibited recovery activity listed inthe bill.
Who sponsors HB 792?
HB 792 is sponsored by Rozia A. Henson, Jr., Nadarius E. Clark, Marty Martinez, and Sam Rasoul.
What is the current status of HB 792?
This bill died with 2024 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 HB 792?
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