Fabio
6.7 KiB
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
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| Bill | Investor-owned water and water and sewer utilities; ratemaking proceedings, evaluation of utilities. | Investor-owned water and water and sewer utilities; ratemaking proceedings. Requires the State Corporation Commission, in any ratemaking proceeding for an investor-owned utility authorized to furnish water or water and sewer service initiated after January 1, 2022, to evaluate such utility on a stand-alone basis and, for purposes of establishing any revenue requirement and rates, utilize such utility's actual end-of-test period capital structure and cost of capital without regard to the cost of capital, capital structure, or investments of any other entities with which such utility may be affiliated. If the Commission finds that the debt to equity ratio of the actual end-of-test period capital structure of such utility is unreasonable, the bill authorizes the Commission to utilize a debt to equity ratio that it finds to be reasonable. The bill requires the Commission, in all proceedings initiated after January 1, 2022, in which the Commission reviews the rates and associated earnings of an investor-owned utility authorized to furnish water or water and sewer service, to conduct such review utilizing the same cost of capital and capital structure adopted in the utility's most recent rate case in which such rates were set, without regard to any later changes in the cost of capital or capital structure. This bill is identical to SB 500. | us/states/va | Virginia General Assembly | 2022 | HB 182 | Virginia HB 182 (2022) |
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enacted |
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3 | 28 | 7 | 2022-01-10 | 2022-04-11 | openstates | ocd-bill/25bce8d6-6c4b-4ce8-b110-c98bc0387716 | https://lis.virginia.gov/cgi-bin/legp604.exe?221+sum+HB182 | fbc0c32c5eb0a7b9acc7e50470135fa880960efaae8e54194d77b5b2e875c0e2 | 2026-07-01 | https://data.openstates.org/daily/2026-07-01/public.pgdump | 2026-07-06 | reported |
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Virginia HB 182 (2022) — Investor-owned water and water and sewer utilities; ratemaking proceedings, evaluation of utilities.
Investor-owned water and water and sewer utilities; ratemaking proceedings. Requires the State Corporation Commission, in any ratemaking proceeding for an investor-owned utility authorized to furnish water or water and sewer service initiated after January 1, 2022, to evaluate such utility on a stand-alone basis and, for purposes of establishing any revenue requirement and rates, utilize such utility's actual end-of-test period capital structure and cost of capital without regard to the cost of capital, capital structure, or investments of any other entities with which such utility may be affiliated. If the Commission finds that the debt to equity ratio of the actual end-of-test period capital structure of such utility is unreasonable, the bill authorizes the Commission to utilize a debt to equity ratio that it finds to be reasonable. The bill requires the Commission, in all proceedings initiated after January 1, 2022, in which the Commission reviews the rates and associated earnings of an investor-owned utility authorized to furnish water or water and sewer service, to conduct such review utilizing the same cost of capital and capital structure adopted in the utility's most recent rate case in which such rates were set, without regard to any later changes in the cost of capital or capital structure. This bill is identical to SB 500.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
- CHAP0581 (committee substitute) — source
- HB182ER (committee substitute) — source
- Prefiled and ordered printed; offered 01/12/22 22101650D (committee substitute) — source
Votes
- Reported from Commerce and Labor with amendment (15-Y 0-N) — 15–0 (pass) · upper
- Reported from Commerce and Energy (19-Y 3-N) — 19–3 (pass) · lower
- Subcommittee recommends reporting (8-Y 0-N) — 8–0 (pass) · lower
- Constitutional reading dispensed (40-Y 0-N) — 40–0 (pass) · upper
- VOTE: Passage (67-Y 32-N) — 66–32 (pass) · lower
- Passed Senate with amendment (39-Y 1-N) — 39–1 (pass) · upper
- VOTE: Adoption (69-Y 29-N) — 68–29 (pass) · lower
Sponsors
- Robert S. Bloxom, Jr. — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
- 2022-01-10 Prefiled and ordered printed; offered 01/12/22 22101650D
introduction - 2022-01-10 Referred to Committee on Commerce and Energy
referral-committee - 2022-01-18 Assigned sub: Subcommittee #1
referral-committee - 2022-01-20 Impact statement from SCC (HB182)
- 2022-01-25 Subcommittee recommends reporting (8-Y 0-N)
- 2022-01-27 Reported from Commerce and Energy (19-Y 3-N)
committee-passage - 2022-01-31 Read first time
reading-1 - 2022-02-01 Read second time and engrossed
reading-2 - 2022-02-02 Read third time and passed House (67-Y 32-N)
passage, reading-3 - 2022-02-02 VOTE: Passage (67-Y 32-N)
- 2022-02-03 Constitutional reading dispensed
- 2022-02-03 Referred to Committee on Commerce and Labor
referral-committee - 2022-02-21 Reported from Commerce and Labor with amendment (15-Y 0-N)
committee-passage - 2022-02-23 Constitutional reading dispensed (40-Y 0-N)
- 2022-02-24 Read third time
reading-3 - 2022-02-24 Reading of amendment waived
- 2022-02-24 Committee amendment agreed to
- 2022-02-24 Engrossed by Senate as amended
- 2022-02-24 Passed Senate with amendment (39-Y 1-N)
passage - 2022-02-28 Senate amendment agreed to by House (69-Y 29-N)
- 2022-02-28 VOTE: Adoption (69-Y 29-N)
- 2022-03-02 Enrolled
- 2022-03-02 Signed by Speaker
- 2022-03-03 Signed by President
- 2022-03-03 Impact statement from SCC (HB182ER)
- 2022-03-11 Enrolled Bill communicated to Governor on March 11, 2022
- 2022-03-11 Governor's Action Deadline 11:59 p.m., April 11, 2022
- 2022-04-11 Approved by Governor-Chapter 581 (effective 7/1/22)
executive-signature
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/25bce8d6-6c4b-4ce8-b110-c98bc0387716. Confidence: reported (aggregated from official Virginia legislature records).