The proposed West Virginia First Energy Act aims to enhance the reliability and affordability of electric generation in the state by emphasizing the utilization of coal and natural gas resources. The bill establishes a minimum operational utilization goal of 69% for coal-fired facilities, mandates reporting of utilization data, and requires utilities to seek approval from the Public Service Commission and Public Energy Authority before retiring or reducing the capacity of any coal or natural gas facilities. Additionally, it restricts utilities from including costs associated with new intermittent generation resources, such as wind or solar, in their rate base unless they can demonstrate that such investments do not negatively impact retail rates or grid reliability.

The legislation also expands the powers and responsibilities of the Public Energy Authority, requiring it to oversee the operational plans of utilities and ensure compliance with the new utilization standards. Utilities must maintain a minimum 30-day supply of fuel for electricity generation and submit operational analyses and plans to the Public Service Commission and Public Energy Authority. The bill emphasizes the importance of coal and natural gas in maintaining energy security and aims to stabilize electric rates while preserving jobs in these industries. Overall, the West Virginia First Energy Act seeks to reinforce the state's commitment to its fossil fuel resources while ensuring a reliable energy supply for its residents.

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
Committee Substitute: 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