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type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
type title description jurisdiction legislature session identifier citation classification subjects status primary_sponsors version_count action_count vote_count first_action last_action source source_identifier source_url source_hash vintage source_snapshot retrieved_at confidence tags
Bill Investor-owned electric utilities; rate of return on common equity. Rate of return for investor-owned electric utilities.Provides that the State Corporation Commission, in determininga fair rate of return on common equity for an investor-owned electricutility after July 1, 2020, shall not set such rate (i) lower thanthe average of the authorized returns on common equity that is setby the applicable regulatory commission for other investor-ownedelectric utilities in the utility's peer group or (ii) higher than150 basis points above such average. Under current law, the floorfor such rate of return on common equity is the average of the returnson common equity of the utility's peer group reported to the Securitiesand Exchange Commission for the three most recent annual periodsand the ceiling is 300 basis points above such average. us/states/va Virginia General Assembly 2020 SB 731 Virginia SB 731 (2020)
bill
enacted
Jennifer L. McClellan
4 47 11 2020-01-07 2020-04-10 openstates ocd-bill/3486fc37-92d7-4fc4-8470-a15823a2b6f1 https://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+SB731 832764fba3596ba2d4ce3e23cf59d6df4bd7ffb79ef940ed79b719f45bef4e8a 2026-07-01 https://data.openstates.org/daily/2026-07-01/public.pgdump 2026-07-06 reported
legislation
bill
us-va

Virginia SB 731 (2020) — Investor-owned electric utilities; rate of return on common equity.

Rate of return for investor-owned electric utilities.Provides that the State Corporation Commission, in determininga fair rate of return on common equity for an investor-owned electricutility after July 1, 2020, shall not set such rate (i) lower thanthe average of the authorized returns on common equity that is setby the applicable regulatory commission for other investor-ownedelectric utilities in the utility's peer group or (ii) higher than150 basis points above such average. Under current law, the floorfor such rate of return on common equity is the average of the returnson common equity of the utility's peer group reported to the Securitiesand Exchange Commission for the three most recent annual periodsand the ceiling is 300 basis points above such average.

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

  1. Acts of Assembly Chapter text (CHAP1108) (committee substitute) — source
  2. Bill text as passed Senate and House (SB731ER) (committee substitute) — source
  3. Engrossed by Senate as amended SB731E (committee substitute) — source
  4. Impact statement from SCC (SB731) (committee substitute) — source

Votes

  • Conference report agreed to by Senate (39-Y 0-N) — 390 (pass) · upper
  • Reconsideration of passage agreed to by Senate (39-Y 0-N) — 390 (pass) · upper
  • VOTE: Passage (69-Y 25-N) — 6825 (pass) · lower
  • Read third time and passed Senate (36-Y 3-N) — 363 (pass) · upper
  • House amendments rejected by Senate (1-Y 39-N) — 139 (fail) · upper
  • Passed Senate (38-Y 1-N) — 381 (pass) · upper
  • Reported from Labor and Commerce with amendments (18-Y 0-N) — 180 (pass) · lower
  • Constitutional reading dispensed (40-Y 0-N) — 400 (pass) · upper
  • Senate acceded to request (36-Y 2-N) — 362 (pass) · upper
  • Reported from Commerce and Labor with amendments (12-Y 3-N) — 123 (pass) · upper
  • VOTE: Adoption (75-Y 17-N) — 7417 (pass) · lower

Sponsors

  • Jennifer L. McClellan — primary (person)
  • Jennifer B. Boysko — cosponsor (person)

Timeline

The legislative action history — every referral, reading, and vote.

  • 2020-01-07 Prefiled and ordered printed; offered 01/08/20 20101582D introduction
  • 2020-01-07 Referred to Committee on Commerce and Labor referral-committee
  • 2020-01-13 Impact statement from SCC (SB731)
  • 2020-01-23 Assigned C&L sub: Energy referral-committee
  • 2020-02-03 Reported from Commerce and Labor with amendments (12-Y 3-N) committee-passage
  • 2020-02-05 Constitutional reading dispensed (40-Y 0-N)
  • 2020-02-06 Read second time reading-2
  • 2020-02-06 Reading of amendments waived
  • 2020-02-06 Committee amendments agreed to
  • 2020-02-06 Engrossed by Senate as amended SB731E
  • 2020-02-06 Printed as engrossed 20101582D-E
  • 2020-02-07 Read third time and passed Senate (36-Y 3-N) passage, reading-3
  • 2020-02-07 Reconsideration of passage agreed to by Senate (39-Y 0-N)
  • 2020-02-07 Passed Senate (38-Y 1-N) passage
  • 2020-02-13 Impact statement from SCC (SB731E)
  • 2020-02-18 Placed on Calendar
  • 2020-02-18 Read first time reading-1
  • 2020-02-18 Referred to Committee on Labor and Commerce referral-committee
  • 2020-02-27 House committee, floor amendments and substitutes offered
  • 2020-02-27 Reported from Labor and Commerce with amendments (18-Y 0-N) committee-passage
  • 2020-03-02 Read second time reading-2
  • 2020-03-03 Passed by for the day
  • 2020-03-04 Read third time reading-3
  • 2020-03-04 Committee amendments agreed to
  • 2020-03-04 Amendments by Delegate Jonesagreed to
  • 2020-03-04 Engrossed by House as amended
  • 2020-03-04 Passed House with amendments (69-Y 25-N) passage
  • 2020-03-04 VOTE: Passage (69-Y 25-N)
  • 2020-03-05 Passed by temporarily
  • 2020-03-05 House amendments rejected by Senate (1-Y 39-N)
  • 2020-03-05 House insisted on amendments
  • 2020-03-05 House requested conference committee
  • 2020-03-05 Senate acceded to request (36-Y 2-N)
  • 2020-03-05 Conferees appointed by Senate
  • 2020-03-05 Conferees appointed by House
  • 2020-03-07 Amended by conference committee
  • 2020-03-07 Conference report agreed to by Senate (39-Y 0-N)
  • 2020-03-08 Passed by temporarily
  • 2020-03-08 Conference report agreed to by House (75-Y 17-N)
  • 2020-03-08 VOTE: Adoption (75-Y 17-N)
  • 2020-03-18 Enrolled
  • 2020-03-18 Signed by President
  • 2020-03-19 Signed by Speaker
  • 2020-03-20 Impact statement from SCC (SB731ER)
  • 2020-03-20 Enrolled Bill Communicated to Governor on March 20, 2020
  • 2020-03-20 Governor's Action Deadline 11:59 p.m., April 11, 2020
  • 2020-04-10 Approved by Governor-Chapter 1108 (effective 7/1/20) executive-signature

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/3486fc37-92d7-4fc4-8470-a15823a2b6f1. Confidence: reported (aggregated from official Virginia legislature records).