This bill amends the Code of West Virginia to establish a new timeline for electric utility rate or fee increases. Specifically, it stipulates that any increase not in effect by November 20 of any given year cannot take effect until April 1 of the following year. This change aims to provide consumers with greater predictability regarding rate changes and to ensure that any proposed increases are communicated well in advance.

The bill also includes several insertions and deletions to clarify the powers of the Public Service Commission regarding rate changes. Notably, it emphasizes that the commission cannot enforce or establish any electric utility rate or fee increase that does not meet the November 20 deadline, thereby reinforcing the new timeline. Additionally, the bill outlines procedures for public utilities to notify the commission and the public about proposed rate changes, ensuring transparency and allowing for public input before any changes take effect.

Statutes affected:
Introduced Version: 24-2-3, 24-2-4