The proposed bill, known as the "Electric Load Forecast Accountability Act," aims to enhance the oversight and accuracy of electric load forecasting in West Virginia. It establishes a new article in the state code that grants the Public Service Commission (PSC) the authority to review and validate load forecasts submitted by utilities to PJM Interconnection. The bill emphasizes the importance of accurate forecasting to ensure adequate electric supply and protect consumers from unnecessary costs. It also mandates the PSC to investigate methodologies and data used in load forecasting, coordinate with PJM and other states, and access necessary confidential materials while ensuring the protection of individual customer data.

Additionally, the bill requires the PSC to publish an annual report detailing its findings, progress, and recommendations regarding load forecasting, starting December 31, 2026. The report will include insights on the implementation of the act, identified inaccuracies in utility submissions, and any coordination efforts with PJM to avoid duplicative project counting. The act is set to sunset on December 31, 2031, unless it is reenacted by the Legislature.

Statutes affected:
Introduced Version: 24-2J-1, 24-2J-2, 24-2J-3, 24-2J-4, 24-2J-5, 24-2J-6
Committee Substitute: 24-2J-1, 24-2J-2, 24-2J-3, 24-2J-4, 24-2J-5, 24-2J-6