2007 Session

Budget Amendments - HB1650 (Member Request)

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Chief Patron: Marshall R.
Report to the GA on Impact of Elertic Utilities Legislation (language only)

Item 465 #4h

Item 465 #4h

Independent Agencies
State Corporation Commission

Page 507, after line 32, insert:
"The State Corporation Commission shall report to the General Assembly by November 1, 2007 regarding the effect on all Virginia ratepayers, including commercial, industrial, agricultural, and residential consumers of electricity on the legislation submitted for the benefit of Dominion Power to the Electric Utility Restructuring Commission on January 8, 2007, for the generation, distribution, and transmission of electric power in the Commonwealth of Virginia.  Included in such analysis shall be the effect of such deregulation on all affected Virginia ratepayers; a comparison of costs and reliability of electric service to rate payers prior to the enactment of the Electric Restructuring Act, and a state-by-state analysis that measures, compares and contrasts the submitted legislation against what is proposed in all states in the nation."

(This amendment requires the State Corporation Commission to Report to the General Assembly by November of 2007 on the impact of House Bill 2119, introduced in the 2007 General Assembly Session, on Virginia ratepayers.)