WA People
BILL · 2019–20 SESSION

HB 1625: Utility rate making/property

Clarifying the valuation and determination of used and useful property for rate making purposes.

Summary

  • Specifies that the Utilities and Transportation Commission (UTC) may ascertain and determine the fair value of a regulated company's property that is used and useful for service in the state by or during the rate effective period.
  • Authorizes the UTC to provide changes to rates for up to 48 months after the rate effective date using any standard, formula, method, or theory of valuation reasonably calculated to arrive at fair, just, reasonable, and sufficient rates.
  • Specifies the UTC's authority to consider and implement performance and incentive-based regulation, multiyear rate plans, and other flexible regulatory mechanisms.

From the House Bill Report (HB 1625), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the House floor
  1. IntroducedJan 25, 2019
  2. Out of committeeFeb 22, 2019
  3. Passed Housestopped here
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Joe Fitzgibbon (D-34)
Introduced
January 25, 2019 in the House
Last action
January 21, 2020
Companion bill
SB 5816
Budget
Has a fiscal note

AN ACT Relating to clarifying the valuation and determination of used and useful property for rate making purposes;

Sponsors

Prime sponsor: Joe Fitzgibbon (D-34)

1 co-sponsor (0 Democrats, 1 Republican)

Matt Shea R-4

Votes

No recorded floor votes.

History

  1. House Rules "X" file.
  2. By resolution, reintroduced and retained in present status.
  3. Referred to Rules 2 Consideration.
  4. Rules Committee relieved of further consideration. Placed on second reading.
  5. Referred to Rules 2 Review.
  6. ENVI - Majority; do pass.
  7. First reading, referred to Environment & Energy.

HB 1625 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

Report wrong or missing information on this page