This bill proposes the addition of a new section, 24-1-1e, to the Code of West Virginia, 1931, which mandates the Public Service Commission to conduct a thorough investigation and prepare a report for the Governor and the Joint Committee on Government and Finance. The report will compare performance-based rate making regulations with the current cost-of-service rate making regulations in West Virginia. It is required to be submitted by December 31, 2026, and must include an estimation of the potential effects of implementing a performance-based rate making system on regulated utilities and the rates charged to ratepayers.

The bill aims to enhance understanding of how a shift to performance-based rate making could impact both utilities and consumers in West Virginia. By requiring this comprehensive analysis, the legislation seeks to inform policymakers and stakeholders about the implications of such a regulatory change before any decisions are made.

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