HB 5626
Relating to establishing rates for and recovering costs of by public utilities
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Sign in to take action- Introduced
- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill modifies West Virginia’s regulations for how public utilities establish and recover costs for their services. It requires utilities to provide 30 days’ notice before changing rates, with exceptions for smaller utilities. The commission must rely on submitted data, including future test year projections, in rate cases. Utilities are also required to investigate and report on emerging concepts in utility management and rate design.
Key provisions
- Requires 30 days’ notice before rate changes, with exceptions for smaller utilities.
- Mandates the commission to consider submitted data, including future test year projections, in rate cases.
- Allows utilities to elect to submit future test year data.
- Requires utilities to investigate and report on emerging concepts in utility management and rate design.
- Establishes a process for determining refunds if rates are found to be excessive.
- Prohibits rate increases while other rate applications are pending, with exceptions.
- Defines ‘Future Test Year’ for rate case purposes.
Who is affected
- Public Utility Companies
- Ratepayers
- West Virginia Residents
- The Public Service Commission
- Utility Regulators
Notable changes
- Clarifies the notice period requirements for rate changes.
- Emphasizes the commission’s reliance on submitted data, particularly future test year projections.
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