The bill amends the Certified Business Industrial Expansion Development Program in West Virginia, renaming it and allowing any plant or facility to participate in the program. It removes previous requirements that high impact business development districts be located on specific lands and that electrical service must be generated from renewable sources. Additionally, the bill stipulates that regulated electric utility customers will not incur costs associated with utilities located in these high impact business development districts.

Key changes include the deletion of the term "Industrial" from the program's title and references throughout the bill, as well as the removal of restrictions on the location and energy source for high impact business development districts. The bill also introduces a provision stating that regulated electric utility customers shall not bear costs related to non-utility owned electricity generation within these districts, which will instead be the responsibility of customers within the district. The provisions of this section are set to expire on June 30, 2028, but will not affect any districts previously approved.

Statutes affected:
Introduced Version: 5B-2-21
Committee Substitute: 5B-2-21
Engrossed Committee Substitute: 5B-2-21