HB 3480
Establishing the “Resiliency and Environmental System Investment Charge Program”
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- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill establishes the "Resiliency and Environmental System Investment Charge Program" in West Virginia. It allows utilities, like water and wastewater providers, to petition the Public Service Commission for approval of a plan to recover costs associated with service enhancements, such as infrastructure upgrades for resilience and environmental protection. The bill outlines specific requirements for these plans, including detailed cost estimates and rate schedules, and permits utilities to use regulatory accounting to track and recover these investments. It also addresses the acquisition of water and wastewater systems, allowing utilities to utilize regulatory accounting to recover costs associated with those systems.
Key provisions
- Requires utilities to petition the Public Service Commission for approval of a ‘System Enhancement and Improvement’ (SEI) plan.
- Defines terms such as ‘SEI,’ ‘SEI costs,’ and ‘service enhancement improvement’.
- Permits utilities to recover SEI costs through a dedicated charge on customer bills.
- Allows utilities to utilize regulatory accounting to track and recover costs associated with acquired water and wastewater systems.
- Specifies requirements for the SEI plan, including detailed cost estimates and projected revenue.
- Limits the amount of revenue that can be recovered through the SEI to five percent of the utility’s total annual revenue.
- Establishes a process for reviewing and approving SEI plans by the Public Service Commission.
- Addresses the amortization of regulatory assets and liabilities related to acquired systems.
Who is affected
Sponsors
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Primary sponsor
J. Cannon
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