This bill amends the Code of West Virginia to limit the jurisdiction of the Public Service Commission (PSC) specifically regarding electric utilities. It establishes that the PSC's role will be confined to hearing requests for rate adjustments from public electrical utilities and making recommendations to the Legislature. Furthermore, it mandates that any adjustments to rates for public electric utilities must be approved through a specific bill passed by the Legislature.

Additionally, the bill includes provisions that emphasize the need for the PSC to forward rate adjustment recommendations to the Legislature, thereby increasing legislative oversight over electric utility rates. The changes aim to ensure that the process of rate adjustments is more transparent and accountable to the public and the Legislature, reflecting a shift in regulatory authority concerning electric utilities.

Statutes affected:
Introduced Version: 24-1-1