HB 3410
Power generation facility regulation and property taxation of power generation facilities
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- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill establishes the Business Expansion Development Program and creates the Modern American Generation Act to promote economic development in West Virginia. It establishes a framework for certified microgrid districts, offering potential tax benefits and streamlined regulations for businesses locating within these districts. The bill also creates a method for property taxation for these districts and clarifies the roles of the Department of Economic Development and the Public Service Commission in regulating microgrids and ensuring access to electricity.
Key provisions
- Creates the Business Expansion Development Program within the Department of Economic Development.
- Establishes the Modern American Generation Act to support microgrid development.
- Defines and certifies high impact industrial business development districts.
- Provides a method of property taxation for certified microgrid districts.
- Offers streamlined regulations for electricity generation and distribution within microgrid districts, potentially exempting them from certain Public Service Commission requirements.
- Establishes minimum terms of service required by microgrid operators after certification.
- Identifies and qualifies eligible electric customers in high impact business development districts.
- Allows for special electric utility rates for eligible customers within these districts.
Who is affected
- Businesses and industrial facilities
- The Department of Economic Development
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