LEGISLATIVE TRANSITION TASK FORCE - REQUEST #2BackgroundSenate Bill 684 (2002) required that the State Corporation Commission study the feasibility, effectiveness and value of collecting specific data relative to the energy infrastructure serving the Commonwealth. The Commission filed its report on November 20, 2002, and presented the results of its work to the Task Force during its December 12, 2002 meeting. The Commission report concluded that the collection of extensive data related to Virginia’s energy infrastructure is in fact feasible. With regard to the effectiveness and value of such a data collection effort, the report noted that ". . . . the electric utility industry is in a state of extreme uncertainty and will likely remain so for the foreseeable future." The report ultimately recommended three options for the Task Force’s consideration. Given the critical importance of a reliable electric infrastructure to Virginia, the Commonwealth must continue to maintain oversight over the reliability of that infrastructure. The information that the Commission is requested to review and analyze at this time is not as extensive as envisioned by Senate Bill 684. The Task Force may request the Commission to expand this data collection effort to accommodate a more detailed analysis should the Task Force find that it is necessary. Requested ActionsThe Legislative Transition Task Force hereby requests the State Corporation Commission: 1. To the extent it is not currently doing so, to collect the data necessary to monitor the dedication of facilities to the provision of electricity service in the Commonwealth. At a minimum, such an effort should review the dedication or allocation of specific generation to the Commonwealth for the five-year period ending December 31, 2002. Historical reserve margins should be calculated and basic operating indices for the units dedicated to the provision of service should be documented. Such indices should include but not necessarily be limited to: availability factors, equivalent availability factors, capacity factors, heat rates, forced outage rates, and equivalent forced outage rates. 2. To review utility resource plans, projected loads, and expected reserve margins, and should identify those units that will be dedicated to the service of Virginia load and the provision of reserve margins. 3. To continue to collect actual data, to the extent of the Commission’s authority to collect such data pursuant to Virginia Code §§ 56-234.3 and 56-249.6 and subdivision B 3 of § 56-585 B 3. 4. On or before July 1, 2003, to report the results of its work to the Task Force, giving due regard to the confidentiality of the specific detailed data that it has collected. 5. To provide subsequent reports as the Commission deems necessary or as requested by the Task Force.
Adopted by the Legislative Transition Task Force on __________________, 2003.
A true copy: ______________________
Title:______________________ |