This bill proposes the addition of a new section, 24-2-1s, to the Code of West Virginia, aimed at facilitating the redeployment of existing power generating plant sites. The legislation recognizes the ongoing transition in the electric utility industry due to technological advancements and the need to reduce greenhouse gas emissions. It emphasizes the importance of maintaining the operation of coal-fired plants to protect jobs and local economies, while also advocating for the consideration of various energy technologies, including nuclear, in the redeployment process. The bill outlines the findings of the Legislature regarding the economic and environmental impacts of potential redeployment and the necessity for a rigorous analysis by the public service commission.

Furthermore, the bill establishes a process for holders of certificates of public convenience and necessity to apply for approval to redeploy their sites for new generating plants. In evaluating these applications, the commission is required to consider projected long-term energy costs and environmental impacts of alternative resource options. Additionally, the commission is tasked with creating rules to specify the information required for such applications. Overall, the bill aims to enhance opportunities for power generation and provide cost savings for electric utility consumers by promoting flexibility and diversity in the construction and financing of generating facilities.

Statutes affected:
Introduced Version: 24-2-1s