HB 4389
Relating to requiring the Public Service Commission to prepare and submit a report to the Governor and the Joint Committee on Government and Finance including the effects of a performance-based rate making system on West Virginia regulated utilities and rates charged to ratepayers
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Sign in to take action- Introduced
- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill requires the West Virginia Public Service Commission to conduct an investigation and prepare a report for the Governor and the Joint Committee on Government and Finance. The report will compare performance-based rate making with West Virginia’s current system and estimate the potential impact on regulated utilities and rates for ratepayers. Specifically, the report must assess the effects of implementing a performance-based rate making system. This aims to provide policymakers with information to evaluate the potential changes to utility rates and operations.
Key provisions
- The Public Service Commission must prepare a report.
- The report will compare performance-based rate making with the current cost-of-service system.
- The report must estimate the effects on regulated utilities.
- The report must estimate the effects on rates charged to ratepayers.
- The report is due by December 31, 2026.
Who is affected
- West Virginia regulated utilities
- Ratepayers in West Virginia
- The Governor of West Virginia
- The Joint Committee on Government and Finance
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