HB 5492
Relating to advance purchase agreements for electric substation transformers
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- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill allows the West Virginia Department of Economic Development to enter into advance purchase agreements with regulated electric utilities for standardized substation transformers. These transformers, meeting specific voltage and capacity requirements, would be reserved for economic development projects subject to Public Service Commission regulation. The state would pay for the ordering costs and down payment, while the utility retains ownership and operational control, with the state retaining the right to assign the transformer to a qualifying project. Unassigned transformers could be funded by the state and used for utility needs.
Key provisions
- The Department of Economic Development can enter into advance purchase agreements with utilities.
- Eligible transformers must meet specific voltage and capacity requirements (150-200 MVA, 138/230/345kV high side, 34.5/13.8kV low side).
- Utilities must be subject to Public Service Commission regulation and own transmission/subtransmission facilities.
- The state can pay ordering costs and down payments for eligible transformers.
- The utility retains ownership and operational control of the transformers.
- The state can fund unassigned transformers and retain assignment rights.
- The Division of Economic Development may forgive some or all of the state’s payments if the transformer supports a project with significant economic benefits.
- The Department of Economic Development can create rules to implement the bill.
Who is affected
- West Virginia Department of Economic Development
Sponsors
Official sponsors from legislative records.
Primary sponsor
G. Howell
Cosponsors
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