This bill amends sections 24-2-3 and 24-2-4 of the Code of West Virginia, specifically addressing the powers and duties of the Public Service Commission regarding electric utility rates. A key provision of the bill stipulates that any rate or fee increase for electric utilities that is not in effect by November 20 of any year cannot take effect until April 1 of the following year. This aims to provide a clear timeline for rate changes and ensure that customers are not subjected to sudden increases during the winter months.

Additionally, the bill includes several insertions that clarify the commission's authority and procedures related to rate changes. It emphasizes that the commission must provide adequate notice and conduct hearings regarding proposed rate changes, ensuring transparency and fairness in the process. The bill also outlines the commission's responsibilities in determining just and reasonable rates, including the ability to audit utility management practices and investigate transactions between utilities and their affiliates. Overall, the legislation seeks to enhance consumer protection and regulatory oversight in the electric utility sector.

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