HB 588 Virginia House of Delegates · 2022 Regular Session

Electric utilities; adjustment of rates.

Summary

Electric utilities; adjustment of rates.Provides that if the State Corporation Commission (the Commission)determines that the regulation of rates of investor-owned incumbentelectric utilities under certain procedures of the Virginia ElectricUtility Regulation Act results in rates that are not just and reasonable,then the Commission may, in any triennial review, adjust such ratesto ensure that such rates (i) are just and reasonable and (ii) providethe utility the opportunity to recover its costs and earn its authorizedrate of return.

Bill status in committee 3 of 5 stages cleared

Introduction

Jan 2022

Committee Review

Jan 2022

House of Delegates Passage

Jan 2022

Senate Passage

Governor

Introduced Jan 11, 2022 Last action Jan 25, 2022

Floor votes · House of Delegates Jan 25, 2022

How they voted

20–0

Passed · 2 other

Total votes 22

Jan 25, 2022

D Democratic10

8 Yea 2

80% Yea

R Republican12

12 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jan 25, 2022

House Of Delegates · Passed

House of Delegates Vote: pass (20-0-2)

house of delegates

Jan 24, 2022

Committee

Assigned sub: Subcommittee #1

lower

Jan 11, 2022

Committee

Referred to Committee on Commerce and Energy

lower

Jan 11, 2022

Introduced

Prefiled and ordered printed; offered 01/12/22 22104145D

lower

1 primary · 0 co-sponsors