HB 4481
WV Load Forecast Accountability Act
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Sign in to take action- Introduced
- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
The Electric Load Forecast Accountability Act aims to increase transparency and accuracy in West Virginia’s electricity planning process. It establishes a framework for the Public Service Commission to oversee the load forecasts submitted by utilities to the PJM Interconnection, ensuring they are based on reliable data and assumptions. The act also mandates annual reporting and includes a sunset date, requiring periodic review of the program’s effectiveness.
Key provisions
- The Public Service Commission will review and validate load forecasts submitted by West Virginia utilities to PJM.
- The commission will coordinate with PJM and other states to ensure accurate system-wide planning and prevent double-counting of projects.
- Utilities must provide contracts and agreements impacting load forecasting to the commission upon request.
- The commission will investigate forecasting methodologies and assumptions used by utilities.
- The commission will audit specific load interconnection requests to ensure projects have a high likelihood of development.
- The commission will submit an annual report to the Legislature detailing its oversight activities and recommendations.
- The act includes a sunset date, requiring legislative re-enactment by December 31, 2035.
- The commission will review and access confidential agreements related to load forecasting.
Who is affected
- West Virginia Electric Utilities
- Public Service Commission of West Virginia
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