The proposed bill, known as the "West Virginia First Energy Act," aims to amend the Code of West Virginia by establishing a new article focused on enhancing the reliability and affordability of electric generation within the state. It includes legislative findings that emphasize the importance of coal and natural gas in maintaining stable electric rates and energy security. The bill mandates a minimum utilization rate of 69% for coal-fired electric generating facilities and requires these facilities to maintain a 30-day on-site coal inventory. Additionally, it stipulates that natural gas facilities must have firm supply contracts to ensure reliability during peak demand.

The legislation also imposes restrictions on the investment in new intermittent generation resources, such as wind and solar, by prohibiting utilities from including these costs in their rate base unless certain conditions are met. Rate increases for utilities will be contingent upon compliance with the established utilization and fuel supply requirements. Furthermore, the bill outlines the coordination with the Electric Grid Stabilization and Security Fund to support projects that stabilize generation costs and enhance grid reliability. The Public Service Commission is granted authority to oversee compliance and reporting, with the act set to take effect on July 1, 2026.

Statutes affected:
Introduced Version: 24-9-1, 24-9-2, 24-9-3, 24-9-4, 24-9-5, 24-9-6, 24-9-7, 24-9-8, 24-9-9, 24-9-10