Virginia Commerce and Labor (S02) Committee Docket — 2023-02-20

Summary

This is the Virginia Commerce and Labor (S02) Committee docket dated 2023-02-20, for the 2023 Regular session (20231), listing Richard L. Saslaw (D) as Chair. The agenda is headed Senate Bill in Committee and lists bills with their patrons, including HB1430 on a pilot program for exemptions for energy-intensive trade-exposed industries, HB1784 on a digital token exemption from securities registration, HB2333 on a small modular nuclear reactor pilot program, and HB2389 on remote location requirements for mortgage lending and brokerage entities. Each entry carries a summary of the bill.

Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used

Full text

TITLE: Virginia Commerce and Labor (S02) Committee Docket — 2023-02-20
DATE: 2023-02-20T00:00:00
SESSION: 2023 Regular (20231)
CHAMBER: Senate

COMMITTEE MEMBERS:
  - Richard L. Saslaw (D) Chair

STAFF: Hobie Lehman, Jasmine VanDyke, Marvi Ali, Thomas Stevens

DOCKET / AGENDA:

[Senate Bill in Committee]
  999. HB1430 - Energy-intensive trade-exposed (EITE) industries; pilot program for eligible customer exemptions.
       Patron(s): Ware
       Summary: Virginia Clean Economy Act; non-bypassable charges; energy-intensive trade-exposed (EITE) industries; report. Defines EITE industries as companies that are constrained in their ability to pass through carbon costs due to international competition, companies that engage in importation of products that cause emission leakage, and critical infrastructure facilities identified by certain federal agencies. The bill directs the State Corporation Commission to establish an EITE customer exemption pilot program for non-bypassable charges in certain provisions of the Virginia Clean Economy Act related
  999. HB1770 - Virginia Electric Utility Regulation Act; retail competitiveness, review proceedings, etc.
       Patron(s): Kilgore
       Summary: Virginia Electric Utility Regulation Act. Authorizes Dominion Energy Virginia, on or before July 1, 2024, to petition the State Corporation Commission (the Commission) for a financing order for deferred fuel costs. The bill sets forth specific transaction terms and other provisions related to the financing order. Before granting a financing order, the Commission is required to find that (i) the proposed issuance of deferred fuel cost bonds is in the public interest and the associated deferred fuel cost charges are just and reasonable and (ii) the structuring and pricing of the deferred fuel co
  999. HB1784 - Securities; digital token exemption, decentralized autonomous organizations.
       Patron(s): Kilgore
       Summary: Securities; digital token exemption; decentralized autonomous organizations. Provides an exemption from securities registration requirements for issuers or sellers of digital tokens, as defined in the bill, under certain circumstances. The bill directs the State Corporation Commission to develop a form and submission process for an issuer or seller of digital tokens to file a notice of intent with the Commission. The bill also creates a regulatory framework for decentralized autonomous organizations, which are a form of limited liability company, and provides that the entity seeking to become
  999. HB1797 - Renewable energy; offshore wind development.
       Patron(s): Freitas
       Summary: Renewable energy; offshore wind development. Provides that for the life of offshore wind facilities constructed by a Phase II Utility, customers shall be held harmless for any shortfall in energy production below an annual net capacity factor of 42 percent, as measured on a three-year rolling average and as determined by the State Corporation Commission.
  999. HB2130 - Renewable energy portfolio standard requirements; SCC may initiate proceedings, report.
       Patron(s): Wilt
       Summary: State Corporation Commission; renewable energy portfolio standard requirements; report. Provides that the State Corporation Commission may extend certain renewable energy portfolio standard (RPS) requirement timelines if it finds compliance with such requirements would threaten the reliability or security of electric service to customers. In any proceeding by an investor-owned utility in constructing or acquiring new generation resources, the bill requires the Commission to consider the ratepayer impact of such resources compared with alternatives that are not otherwise RPS-eligible. The bill
  999. HB2197 - Va. Electric Utility Regulation Act; eligible sources for renewable energy portfolio standard prog.
       Patron(s): Byron
       Summary: Virginia Electric Utility Regulation Act; renewable energy; eligible sources for renewable energy portfolio standard program. Provides that for the purpose of the Virginia Electric Utility Regulation Act, renewable energy includes energy from advanced nuclear technology or hydrogen. The bill classifies electric-generating resources that generate electric energy derived from advanced nuclear technology or hydrogen located in the Commonwealth or physically located within the PJM region as renewable energy portfolio standard program sources.
  999. HB2267 - Electric utilities; cost recovery, alternative to rate adjustment clause.
       Patron(s): Wilt
       Summary: Electric utilities; cost recovery; alternative to rate adjustment clause. Provides that in any proceeding regarding petitions for a rate adjustment clause, the State Corporation Commission may, as an alternative to a rate adjustment clause, authorize recovery of any proposed cost through the utility's rates for generation and distribution services, if the Commission, in its discretion, determines that such cost recovery better serves ratepayers while still providing the utility the opportunity to recover its costs and earn a fair rate of return.
  999. HB2305 - Electric utilities, certain; proposed facilities were subject to competitive procurement, etc.
       Patron(s): Webert
       Summary: Certain electrical generating facilities; competitive procurement. Provides that in any petition by a Phase I or Phase II Utility for a certificate of public convenience and necessity to construct and operate an electrical generating facility that generates electric energy derived from sunlight, such utility shall demonstrate that the proposed facility was subject to competitive procurement or solicitation.
  999. HB2333 - Electric utilities; SCC to establish a small modular nuclear reactors pilot program.
       Patron(s): Marshall
       Summary: Electric utilities; small modular nuclear reactors; pilot program. Provides that it is the policy of the Commonwealth to promote the development and operation of small modular nuclear reactors at the earliest reasonable time possible, with a goal of having the first small modular nuclear reactor operating by the end of 2032, and requires the State Corporation Commission to establish a small modular nuclear reactor pilot program. Under the program, any entity that holds a license from the U.S. Nuclear Regulatory Commission to construct or operate one or more existing nuclear facilities at the t
  999. HB2389 - Mortgage lending and brokerage entities; definitions remote location requirements.
       Patron(s): Wiley
       Summary: Remote location requirements for mortgage lending and brokerage entities. Defines "office" and "remote location," as those terms apply to the licensing of mortgage lenders and mortgage brokers, and permits licensees to allow employees and exclusive agents to work from a remote location. The bill allows such an employee or exclusive agent to work at a remote location only if certain requirements are met, including the establishment of written policies and procedures for remote work supervision; compliance with security plans and federal and state security requirements; the employment of appropr
  999. HB2482 - Utilities; SCC shall issue final order on certain projects within a certain timeframe.
       Patron(s): Fariss
       Summary: State Corporation Commission; certain electricity transmission projects. Directs the State Corporation Commission to issue its final order for certificates of public convenience and necessity regarding certain projects no later than 270 days after the filing date by a utility. For such projects filed by a utility prior to January 1, 2023, the bill requires the State Corporation Commission to issue its final order for certificates of public convenience and necessity within 90 days of the bill's effective date. This bill is identical to SB 1541.
  999. HB2486 - Soft drink companies and bottlers; transfer of business, remedies.
       Patron(s): Kilgore
       Summary: Soft drink companies and bottlers; transfer of business; remedies. Prohibits soft drink companies from unreasonably withholding or delaying consent to any transfer of a bottler's business or the transfer of the stock or other interest in the bottler's business when a proposed transferee bottler meets the soft drink company's material and reasonable qualification requirements. The bill also prohibits soft drink companies from withholding consent to, or in any manner retaining a right of prior approval of, the transfer of a bottler's business to a principal owner of the bottler or a family membe

[Senate Bill in Committee]
  999. HB1430 - Energy-intensive trade-exposed (EITE) industries; pilot program for eligible customer exemptions.
       Patron(s): Ware
       Summary: Virginia Clean Economy Act; non-bypassable charges; energy-intensive trade-exposed (EITE) industries; report. Defines EITE industries as companies that are constrained in their ability to pass through carbon costs due to international competition, companies that engage in importation of products that cause emission leakage, and critical infrastructure facilities identified by certain federal agencies. The bill directs the State Corporation Commission to establish an EITE customer exemption pilot program for non-bypassable charges in certain provisions of the Virginia Clean Economy Act related
  999. HB1770 - Virginia Electric Utility Regulation Act; retail competitiveness, review proceedings, etc.
       Patron(s): Kilgore
       Summary: Virginia Electric Utility Regulation Act. Authorizes Dominion Energy Virginia, on or before July 1, 2024, to petition the State Corporation Commission (the Commission) for a financing order for deferred fuel costs. The bill sets forth specific transaction terms and other provisions related to the financing order. Before granting a financing order, the Commission is required to find that (i) the proposed issuance of deferred fuel cost bonds is in the public interest and the associated deferred fuel cost charges are just and reasonable and (ii) the structuring and pricing of the deferred fuel co
  999. HB1784 - Securities; digital token exemption, decentralized autonomous organizations.
       Patron(s): Kilgore
       Summary: Securities; digital token exemption; decentralized autonomous organizations. Provides an exemption from securities registration requirements for issuers or sellers of digital tokens, as defined in the bill, under certain circumstances. The bill directs the State Corporation Commission to develop a form and submission process for an issuer or seller of digital tokens to file a notice of intent with the Commission. The bill also creates a regulatory framework for decentralized autonomous organizations, which are a form of limited liability company, and provides that the entity seeking to become
  999. HB1797 - Renewable energy; offshore wind development.
       Patron(s): Freitas
       Summary: Renewable energy; offshore wind development. Provides that for the life of offshore wind facilities constructed by a Phase II Utility, customers shall be held harmless for any shortfall in energy production below an annual net capacity factor of 42 percent, as measured on a three-year rolling average and as determined by the State Corporation Commission.
  999. HB2130 - Renewable energy portfolio standard requirements; SCC may initiate proceedings, report.
       Patron(s): Wilt
       Summary: State Corporation Commission; renewable energy portfolio standard requirements; report. Provides that the State Corporation Commission may extend certain renewable energy portfolio standard (RPS) requirement timelines if it finds compliance with such requirements would threaten the reliability or security of electric service to customers. In any proceeding by an investor-owned utility in constructing or acquiring new generation resources, the bill requires the Commission to consider the ratepayer impact of such resources compared with alternatives that are not otherwise RPS-eligible. The bill
  999. HB2197 - Va. Electric Utility Regulation Act; eligible sources for renewable energy portfolio standard prog.
       Patron(s): Byron
       Summary: Virginia Electric Utility Regulation Act; renewable energy; eligible sources for renewable energy portfolio standard program. Provides that for the purpose of the Virginia Electric Utility Regulation Act, renewable energy includes energy from advanced nuclear technology or hydrogen. The bill classifies electric-generating resources that generate electric energy derived from advanced nuclear technology or hydrogen located in the Commonwealth or physically located within the PJM region as renewable energy portfolio standard program sources.
  999. HB2267 - Electric utilities; cost recovery, alternative to rate adjustment clause.
       Patron(s): Wilt
       Summary: Electric utilities; cost recovery; alternative to rate adjustment clause. Provides that in any proceeding regarding petitions for a rate adjustment clause, the State Corporation Commission may, as an alternative to a rate adjustment clause, authorize recovery of any proposed cost through the utility's rates for generation and distribution services, if the Commission, in its discretion, determines that such cost recovery better serves ratepayers while still providing the utility the opportunity to recover its costs and earn a fair rate of return.
  999. HB2305 - Electric utilities, certain; proposed facilities were subject to competitive procurement, etc.
       Patron(s): Webert
       Summary: Certain electrical generating facilities; competitive procurement. Provides that in any petition by a Phase I or Phase II Utility for a certificate of public convenience and necessity to construct and operate an electrical generating facility that generates electric energy derived from sunlight, such utility shall demonstrate that the proposed facility was subject to competitive procurement or solicitation.
  999. HB2333 - Electric utilities; SCC to establish a small modular nuclear reactors pilot program.
       Patron(s): Marshall
       Summary: Electric utilities; small modular nuclear reactors; pilot program. Provides that it is the policy of the Commonwealth to promote the development and operation of small modular nuclear reactors at the earliest reasonable time possible, with a goal of having the first small modular nuclear reactor operating by the end of 2032, and requires the State Corporation Commission to establish a small modular nuclear reactor pilot program. Under the program, any entity that holds a license from the U.S. Nuclear Regulatory Commission to construct or operate one or more existing nuclear facilities at the t
  999. HB2389 - Mortgage lending and brokerage entities; definitions remote location requirements.
       Patron(s): Wiley
       Summary: Remote location requirements for mortgage lending and brokerage entities. Defines "office" and "remote location," as those terms apply to the licensing of mortgage lenders and mortgage brokers, and permits licensees to allow employees and exclusive agents to work from a remote location. The bill allows such an employee or exclusive agent to work at a remote location only if certain requirements are met, including the establishment of written policies and procedures for remote work supervision; compliance with security plans and federal and state security requirements; the employment of appropr
  999. HB2482 - Utilities; SCC shall issue final order on certain projects within a certain timeframe.
       Patron(s): Fariss
       Summary: State Corporation Commission; certain electricity transmission projects. Directs the State Corporation Commission to issue its final order for certificates of public convenience and necessity regarding certain projects no later than 270 days after the filing date by a utility. For such projects filed by a utility prior to January 1, 2023, the bill requires the State Corporation Commission to issue its final order for certificates of public convenience and necessity within 90 days of the bill's effective date. This bill is identical to SB 1541.
  999. HB2486 - Soft drink companies and bottlers; transfer of business, remedies.
       Patron(s): Kilgore
       Summary: Soft drink companies and bottlers; transfer of business; remedies. Prohibits soft drink companies from unreasonably withholding or delaying consent to any transfer of a bottler's business or the transfer of the stock or other interest in the bottler's business when a proposed transferee bottler meets the soft drink company's material and reasonable qualification requirements. The bill also prohibits soft drink companies from withholding consent to, or in any manner retaining a right of prior approval of, the transfer of a bottler's business to a principal owner of the bottler or a family membe

File and source

File

20231-2023-02-20-docket1.txt

Size

17,101 bytes

SHA-256

a11239e8002b116ae628494fd406094d1d50ff75828720e0b40c065ea0799140

Our copy

20231-2023-02-20-docket1.txt

Original

No public link identified.