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 more predictability regarding rate changes and to ensure that any proposed increases are communicated well in advance.

The bill also includes provisions related to the powers and duties of the Public Service Commission concerning rate changes. It emphasizes that the commission must enforce, originate, establish, or promulgate rates in a manner that adheres to the new timeline for electric utilities. Additionally, it outlines the procedures for changing rates, including requirements for public notice and the commission's authority to suspend proposed changes pending hearings. Overall, the bill seeks to enhance regulatory oversight and consumer protection in the context of electric utility rate adjustments.

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