Fabio
118 lines
7.0 KiB
Markdown
118 lines
7.0 KiB
Markdown
---
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type: "Bill"
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title: "Investor-owned electric utilities; rate of return on common equity."
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description: "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."
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jurisdiction: "us/states/va"
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legislature: "Virginia General Assembly"
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session: "2020"
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identifier: "SB 731"
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citation: "Virginia SB 731 (2020)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["Jennifer L. McClellan"]
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version_count: 4
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action_count: 47
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vote_count: 11
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first_action: "2020-01-07"
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last_action: "2020-04-10"
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source: "openstates"
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source_identifier: "ocd-bill/3486fc37-92d7-4fc4-8470-a15823a2b6f1"
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source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+SB731"
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source_hash: "832764fba3596ba2d4ce3e23cf59d6df4bd7ffb79ef940ed79b719f45bef4e8a"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-va"]
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---
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# Virginia SB 731 (2020) — Investor-owned electric utilities; rate of return on common equity.
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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.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Acts of Assembly Chapter text (CHAP1108)** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+CHAP1108)
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2. **Bill text as passed Senate and House (SB731ER)** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+SB731ER)
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3. **Engrossed by Senate as amended SB731E** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+SB731E)
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4. **Impact statement from SCC (SB731)** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+SB731)
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## Votes
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- Conference report agreed to by Senate (39-Y 0-N) — **39–0** (pass) · upper
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- Reconsideration of passage agreed to by Senate (39-Y 0-N) — **39–0** (pass) · upper
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- VOTE: Passage (69-Y 25-N) — **68–25** (pass) · lower
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- Read third time and passed Senate (36-Y 3-N) — **36–3** (pass) · upper
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- House amendments rejected by Senate (1-Y 39-N) — **1–39** (fail) · upper
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- Passed Senate (38-Y 1-N) — **38–1** (pass) · upper
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- Reported from Labor and Commerce with amendments (18-Y 0-N) — **18–0** (pass) · lower
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- Constitutional reading dispensed (40-Y 0-N) — **40–0** (pass) · upper
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- Senate acceded to request (36-Y 2-N) — **36–2** (pass) · upper
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- Reported from Commerce and Labor with amendments (12-Y 3-N) — **12–3** (pass) · upper
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- VOTE: Adoption (75-Y 17-N) — **74–17** (pass) · lower
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## Sponsors
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- Jennifer L. McClellan — primary (person)
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- Jennifer B. Boysko — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2020-01-07** Prefiled and ordered printed; offered 01/08/20 20101582D `introduction`
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- **2020-01-07** Referred to Committee on Commerce and Labor `referral-committee`
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- **2020-01-13** Impact statement from SCC (SB731)
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- **2020-01-23** Assigned C&L sub: Energy `referral-committee`
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- **2020-02-03** Reported from Commerce and Labor with amendments (12-Y 3-N) `committee-passage`
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- **2020-02-05** Constitutional reading dispensed (40-Y 0-N)
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- **2020-02-06** Read second time `reading-2`
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- **2020-02-06** Reading of amendments waived
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- **2020-02-06** Committee amendments agreed to
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- **2020-02-06** Engrossed by Senate as amended SB731E
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- **2020-02-06** Printed as engrossed 20101582D-E
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- **2020-02-07** Read third time and passed Senate (36-Y 3-N) `passage, reading-3`
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- **2020-02-07** Reconsideration of passage agreed to by Senate (39-Y 0-N)
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- **2020-02-07** Passed Senate (38-Y 1-N) `passage`
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- **2020-02-13** Impact statement from SCC (SB731E)
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- **2020-02-18** Placed on Calendar
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- **2020-02-18** Read first time `reading-1`
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- **2020-02-18** Referred to Committee on Labor and Commerce `referral-committee`
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- **2020-02-27** House committee, floor amendments and substitutes offered
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- **2020-02-27** Reported from Labor and Commerce with amendments (18-Y 0-N) `committee-passage`
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- **2020-03-02** Read second time `reading-2`
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- **2020-03-03** Passed by for the day
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- **2020-03-04** Read third time `reading-3`
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- **2020-03-04** Committee amendments agreed to
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- **2020-03-04** Amendments by Delegate Jonesagreed to
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- **2020-03-04** Engrossed by House as amended
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- **2020-03-04** Passed House with amendments (69-Y 25-N) `passage`
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- **2020-03-04** VOTE: Passage (69-Y 25-N)
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- **2020-03-05** Passed by temporarily
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- **2020-03-05** House amendments rejected by Senate (1-Y 39-N)
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- **2020-03-05** House insisted on amendments
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- **2020-03-05** House requested conference committee
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- **2020-03-05** Senate acceded to request (36-Y 2-N)
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- **2020-03-05** Conferees appointed by Senate
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- **2020-03-05** Conferees appointed by House
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- **2020-03-07** Amended by conference committee
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- **2020-03-07** Conference report agreed to by Senate (39-Y 0-N)
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- **2020-03-08** Passed by temporarily
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- **2020-03-08** Conference report agreed to by House (75-Y 17-N)
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- **2020-03-08** VOTE: Adoption (75-Y 17-N)
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- **2020-03-18** Enrolled
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- **2020-03-18** Signed by President
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- **2020-03-19** Signed by Speaker
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- **2020-03-20** Impact statement from SCC (SB731ER)
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- **2020-03-20** Enrolled Bill Communicated to Governor on March 20, 2020
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- **2020-03-20** Governor's Action Deadline 11:59 p.m., April 11, 2020
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- **2020-04-10** Approved by Governor-Chapter 1108 (effective 7/1/20) `executive-signature`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/3486fc37-92d7-4fc4-8470-a15823a2b6f1`. Confidence: reported (aggregated from official Virginia legislature records).
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