Fabio
6.9 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
| 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 HB 182. | us/states/va | Virginia General Assembly | 2022 | SB 500 | Virginia SB 500 (2022) |
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enacted |
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4 | 29 | 5 | 2022-01-12 | 2022-04-11 | openstates | ocd-bill/beb1a5bb-10b2-4095-92a4-eb1753596d76 | https://lis.virginia.gov/cgi-bin/legp604.exe?221+sum+SB500 | 6b648efc5afac0e28177bd0dde07735bdc4e71074a816600ae1f1a02ddf80d24 | 2026-07-01 | https://data.openstates.org/daily/2026-07-01/public.pgdump | 2026-07-06 | reported |
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Virginia SB 500 (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 HB 182.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
- CHAP0582 (committee substitute) — source
- Prefiled and ordered printed; offered 01/12/22 22102089D (committee substitute) — source
- Printed as engrossed 22102089D-E (committee substitute) — source
- SB500ER (committee substitute) — source
Votes
- Reported from Agriculture, Conservation and Natural Resources with amendment (14-Y 1-N) — 14–1 (pass) · upper
- Read third time and passed Senate (38-Y 1-N) — 38–1 (pass) · upper
- Constitutional reading dispensed (38-Y 0-N) — 38–0 (pass) · upper
- VOTE: Passage (81-Y 19-N) — 80–19 (pass) · lower
- Reported from Commerce and Energy (22-Y 0-N) — 22–0 (pass) · lower
Sponsors
- Lynwood W. Lewis, Jr. — primary (person)
- Lionell Spruill, Sr. — cosponsor (person)
Timeline
The legislative action history — every referral, reading, and vote.
- 2022-01-12 Prefiled and ordered printed; offered 01/12/22 22102089D
introduction - 2022-01-12 Referred to Committee on Agriculture, Conservation and Natural Resources
referral-committee - 2022-01-20 Impact statement from SCC (SB500)
- 2022-02-08 Senate committee, floor amendments and substitutes offered
- 2022-02-08 Reported from Agriculture, Conservation and Natural Resources with amendment (14-Y 1-N)
committee-passage - 2022-02-09 Constitutional reading dispensed (38-Y 0-N)
- 2022-02-10 Read second time
reading-2 - 2022-02-10 Reading of amendment waived
- 2022-02-10 Committee amendment agreed to
- 2022-02-10 Engrossed by Senate as amended SB500E
- 2022-02-10 Printed as engrossed 22102089D-E
- 2022-02-11 Passed by for the day
- 2022-02-14 Read third time and passed Senate (38-Y 1-N)
passage, reading-3 - 2022-02-18 Impact statement from SCC (SB500E)
- 2022-02-21 Placed on Calendar
- 2022-02-21 Read first time
reading-1 - 2022-02-21 Referred to Committee on Commerce and Energy
referral-committee - 2022-02-24 Reported from Commerce and Energy (22-Y 0-N)
committee-passage - 2022-02-28 Read second time
reading-2 - 2022-03-01 Read third time
reading-3 - 2022-03-01 Passed House (81-Y 19-N)
passage - 2022-03-01 VOTE: Passage (81-Y 19-N)
- 2022-03-04 Enrolled
- 2022-03-04 Signed by President
- 2022-03-04 Signed by Speaker
- 2022-03-08 Impact statement from SCC (SB500ER)
- 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 582 (effective 7/1/22)
executive-signature
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/beb1a5bb-10b2-4095-92a4-eb1753596d76. Confidence: reported (aggregated from official Virginia legislature records).