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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 HB 2711.
Introduced
Jan 2, 2025
Last Action
Mar 24, 2025
Session
VA 2025
Sponsors
1 primary · 0 co
Acts of Assembly Chapter text (CHAP0599)
Approved by Governor-Chapter 599 (Effective 07/01/25)
Fiscal Impact Statement from State Corporation Commission (SB850)
Governor's Action Deadline 11:59 p.m., March 24, 2025
Enrolled Bill Communicated to Governor on March 3, 2025
Signed by President
Bill text as passed Senate and House (SB850ER)
Signed by Speaker
Enrolled
House substitute agreed to by Senate (35-Y 0-N)
Fiscal Impact Statement from State Corporation Commission (SB850)
Labor and Commerce Substitute agreed to
Passed House with substitute (87-Y 10-N)
Engrossed by House - committee substitute
Read third time
Passed by for the day
Read second time
Reported from Labor and Commerce with substitute (17-Y 4-N)
Committee substitute printed 25106828D-H1
Referred to Committee on Labor and Commerce
Read first time
Placed on Calendar
Fiscal Impact Statement from State Corporation Commission (SB850)
Read third time and passed Senate (38-Y 2-N)
Passed by for the day
Reading of substitute waived
Engrossed by Senate - committee substitute
Commerce and Labor Substitute agreed to
Read second time
Constitutional reading dispensed (on 1st reading) (38-Y 0-N)
Passed by for the day
Rules suspended
Fiscal Impact Statement from State Corporation Commission (SB850)
Committee substitute printed 25104759D-S1
Reported from Commerce and Labor with substitute (12-Y 1-N 2-A)
Prefiled and ordered printed; Offered 01-08-2025 25103476D
Referred to Committee on Commerce and Labor
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Acts of Assembly Chapter text (CHAP0599)
Scott A. Surovell