HB 4050
Establishing reporting requirements for utilities that are members of a regional transmission organization
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- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill requires West Virginia public utilities that participate in a regional transmission organization to report on votes cast by the utility and its affiliates at meetings of that organization. The reports must detail all recorded votes, including those where the utility did not directly vote, and provide a brief explanation of how each vote aligns with the public interest. This aims to increase transparency regarding decisions made within the regional transmission organization.
Key provisions
- Public utilities participating in a regional transmission organization must submit annual reports.
- Reports must include all recorded votes cast by the utility and its affiliates.
- The utility must report votes even if it did not directly vote on the matter.
- Each vote must be accompanied by a brief explanation of its connection to the public interest.
- The definition of ‘affiliate’ is included to clarify reporting requirements.
- The report deadline is February 1st of each year.
Who is affected
- Public Utilities in West Virginia
- Regional Transmission Organizations
- ratepayers in West Virginia
Notable changes
- Requires utilities to report on votes cast by affiliates.
- Mandates a brief explanation of how votes align with the public interest.
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