SB 552
Relating to Certified Business Expansion Development Program
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- Passed Senate
- Passed House of Delegates
- To Governor
- Became Law
Bill overview
This bill aims to revise the Certified Business Industrial Expansion Development Program overseen by the West Virginia Department of Economic Development. It seeks to rename the program and business development districts, clarify that the program encompasses any plant or facility, and allows for electricity generation from any fuel source within designated districts. The bill also establishes specific rules for electric service providers within these districts, including exemptions from certain Public Service Commission regulations and net metering standards.
Key provisions
- Renames the Certified Business Industrial Expansion Development Program and business development districts.
- Allows for electricity generation from any fuel source within certified business development districts.
- Specifies that the program includes any plant or facility.
- Provides exemptions for electric service providers within certified districts from certain Public Service Commission regulations.
- Establishes criteria for certification of business development districts, including economic impact and land ownership.
- Allows new electric generating load to be exempt from utility interconnection standards.
- Permits the Public Service Commission to approve special electric utility rates for eligible customers within the districts.
- Sets an expiration date for the special provisions of the bill (June 30, 2028).
Who is affected
- West Virginia businesses
- The Department of Economic Development
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