SB1076
Phase I Utilities; securitized asset costs, rate increases in certain months prohibited, etc.
Status:
Enacted
Latest Action:
March 24, 2025
Acts of Assembly Chapter text (CHAP0597)
Chief Patron:
Mark Peake (R)
Session:
2025 Regular Session
Summary
As Passed House of Origin. Phase I Utilities; securitized asset costs.
Authorizes Appalachian Power to petition the State Corporation Commission for a financing order for securitized asset costs, as defined in the bill. The bill creates the securitized asset cost charge and provides that the revenues generated by this charge, known as securitized asset cost property, are a property right that ... (More) can be transferred and pledged as security for the securitized asset cost bonds. The bill establishes the procedures for creating, perfecting, and enforcing the security interest in securitized asset cost property. (Less)-
Bill History
- 01/07/2025 - Senate: Prefiled and ordered printed; Offered 01-08-2025 25102964D
- 01/07/2025 - Senate: Referred to Committee on Commerce and Labor
- 01/27/2025 - Senate: Fiscal Impact Statement from State Corporation Commission (SB1076)
- 02/03/2025 - Senate: Reported from Commerce and Labor (11-Y 0-N 4-A)
- 02/04/2025 - Senate: Floor substitute printed 25106773D-S1 (Deeds)
- 02/04/2025 - Senate: Rules suspended
- 02/04/2025 - Senate: Constitutional reading dispensed (on 1st reading) (40-Y 0-N)
- 02/04/2025 - Senate: Read second time
- 02/04/2025 - Senate: Reading of substitute waived
- 02/04/2025 - Senate: Senator Deeds, R. Creigh Substitute agreed to
- 02/04/2025 - Senate: Engrossed by Senate - floor substitute
- 02/04/2025 - Senate: Rules suspended
- 02/04/2025 - Senate: Constitutional reading dispensed (on 3rd reading) (40-Y 0-N)
- 02/04/2025 - Senate: Passed Senate (39-Y 1-N)
- 02/07/2025 - House: Placed on Calendar
- 02/07/2025 - House: Read first time
- 02/07/2025 - House: Referred to Committee on Labor and Commerce
- 02/12/2025 - House: Placed on Labor and Commerce Agenda
- 02/13/2025 - Senate: Fiscal Impact Statement from State Corporation Commission (SB1076)
- 02/13/2025 - House: Reported from Labor and Commerce with substitute (20-Y 1-N)
- 02/13/2025 - House: Committee substitute printed 25107225D-H1
- 02/17/2025 - House: Read second time
- 02/18/2025 - House: Read third time
- 02/18/2025 - House: Labor and Commerce Substitute agreed to
- 02/18/2025 - House: Engrossed by House - committee substitute
- 02/18/2025 - House: Passed House with substitute (81-Y 15-N)
- 02/19/2025 - Senate: House substitute rejected by Senate (0-Y 40-N)
- 02/20/2025 - House: House insisted on substitute
- 02/20/2025 - House: House requested conference committee
- 02/20/2025 - Senate: Senate acceded to request (38-Y 0-N)
- 02/20/2025 - Senate: Conferees appointed by Senate
- 02/20/2025 - Senate: Senators: Peake, Deeds, McPike
- 02/20/2025 - House: Conferees appointed by House
- 02/20/2025 - House: Delegates: Shin, Mundon King, Ballard
- 02/22/2025 - Amended by conference committee
- 02/22/2025 - Senate: Conference substitute printed 25108065D-S2
- 02/22/2025 - House: Conference report agreed to by House (97-Y 0-N)
- 02/22/2025 - Senate: Passed by temporarily
- 02/22/2025 - Senate: Conference report agreed to by Senate (39-Y 0-N)
- 03/07/2025 - Senate: Enrolled
- 03/07/2025 - Senate: Bill text as passed Senate and House (SB1076ER)
- 03/07/2025 - House: Signed by Speaker
- 03/10/2025 - Senate: Signed by President
- 03/11/2025 - Senate: Enrolled Bill Communicated to Governor on March 11, 2025
- 03/11/2025 - Governor's Action Deadline 11:59 p.m., March 24, 2025
- 03/24/2025 - Senate: Fiscal Impact Statement from State Corporation Commission (SB1076)
- 03/24/2025 - Approved by Governor-Chapter 597 (Effective 07/01/25)
- 03/24/2025 - Acts of Assembly Chapter text (CHAP0597)
