This bill proposes the addition of a new section, 24-2-1s, to the Code of West Virginia, focusing on the redeployment of existing power generating plant sites. It outlines the findings of the Legislature regarding the transition in the electric utility industry due to technological advancements and the need to reduce greenhouse gas emissions. The bill emphasizes the potential threats to coal-fired plants, the importance of maintaining jobs and economic benefits in local communities, and the necessity for West Virginia to stabilize electricity rates to attract industrial growth. It mandates that the Public Service Commission conduct a thorough analysis of the economic and environmental impacts of proposals for redeployment, considering all available energy technologies, including nuclear energy.

Furthermore, the bill establishes a process for holders of certificates of public convenience and necessity to apply for approval to redeploy existing plant sites for new generating plants. In evaluating these applications, the commission must consider projected long-term energy costs and environmental impacts, including potential future carbon pricing. The bill also authorizes the commission to create rules detailing the requirements for applications related to the redeployment of generating plant sites. Overall, the legislation aims to enhance power generation opportunities and provide cost savings for electric utility consumers by promoting flexibility and diversity in energy generation.

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