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Water utilities and wastewater utilities; eligible infrastructure replacement and enhancement; cost recovery. Permits a water or wastewater utility to petition the State Corporation Commission for the approval of an eligible infrastructure replacement and enhancement plan, as defined in the bill. The bill requires that a water or wastewater utility that receives approval for an eligible infrastructure replacement and enhancement rider shall provide a proposed earnings test for informational purposes in each annual informational filing or base rate proceeding filed with the State Corporation Commission before December 1, 2030. The provisions of the bill expire on July 1, 2035. As introduced, this bill was a recommendation of the State Water Commission. This bill is identical to SB 850.
Introduced
Jan 16, 2025
Last Action
Mar 24, 2025
Session
VA 2025
Sponsors
1 primary · 0 co
Approved by Governor-Chapter 501 (Effective 07/01/25)
Fiscal Impact Statement from State Corporation Commission (HB2711)
Acts of Assembly Chapter text (CHAP0501)
Governor's Action Deadline 11:59 p.m., March 24, 2025
Enrolled Bill communicated to Governor on March 11, 2025
Signed by President
Enrolled
Signed by Speaker
Bill text as passed House and Senate (HB2711ER)
Conference report agreed to by House (81-Y 14-N)
Conference report agreed to by Senate (39-Y 1-N)
Amended by conference committee
Senate insisted on amendment (39-Y 0-N)
Delegates: Lopez, Herring, O'Quinn
Conferees appointed by House
Senators: Surovell, Bagby, DeSteph
Conferees appointed by Senate
House acceded to request
Senate requested conference committee
Senate Amendments rejected by House (2-Y 96-N)
Engrossed by Senate as amended
Read third time
Reading of amendments waived
Commerce and Labor Amendments agreed to
Passed Senate with amendments (40-Y 0-N)
Passed by for the day
Constitutional reading dispensed (on 2nd reading) (40-Y 0-N)
Rules suspended
Reported from Commerce and Labor with amendments (15-Y 0-N)
Fiscal Impact Statement from State Corporation Commission (HB2711)
Constitutional reading dispensed (on 1st reading)
Referred to Committee on Commerce and Labor
Read third time and passed House (83-Y 14-N)
Read second time
Engrossed by House - committee substitute
Labor and Commerce Substitute agreed to
Read first time
Committee substitute printed 25106509D-H1
Reported from Labor and Commerce with substitute (17-Y 4-N 1-A)
Fiscal Impact Statement from State Corporation Commission (HB2711)
Subcommittee recommends reporting (9-Y 0-N 1-A)
Assigned L & C sub: Subcommittee #3
Referred to Committee on Labor and Commerce
Presented and ordered printed 25104755D
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Acts of Assembly Chapter text (CHAP0501)
Alfonso H. Lopez