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 to these districts must come from renewable sources. The bill also stipulates that regulated electric utility customers will not incur costs associated with utilities located in these high impact business development districts.

Additionally, the bill introduces new provisions regarding the certification of high impact business development districts, allowing for a broader range of locations and participants. It specifies that any costs related to non-utility owned electricity generation within these districts will be borne by the customers in the district rather than the general utility customers. The bill includes a sunset provision, stating that the provisions will 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