This bill amends the Code of West Virginia to enhance the Public Service Commission's (PSC) authority regarding the recovery of costs associated with electric transmission facilities and advanced transmission technology projects. Specifically, it introduces a new definition for "advanced transmission technology," which encompasses various technologies aimed at improving the capacity, efficiency, reliability, resiliency, and safety of electric transmission infrastructure. The bill allows the PSC to authorize accelerated rate recovery for both traditional transmission facilities and advanced technology projects, provided they are technically feasible and economically reasonable.

Additionally, the bill modifies existing provisions by removing certain language and adding new sections that clarify the PSC's role in facilitating the construction and upgrade of transmission facilities. It emphasizes the importance of these projects in transmitting electric power from generating facilities to economically viable markets, while also ensuring that the impact of such investments is considered in any investment equalization agreements among utilities. Overall, the legislation aims to promote the development of advanced transmission technologies to enhance the state's electric grid.

Statutes affected:
Introduced Version: 24-2-1e