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Senate committee backs substitute for bill tying utility rate returns to grid reliability
Summary
A West Virginia Senate committee approved a committee substitute for Senate Bill 505 that would require the Public Service Commission to weigh bulk power system reliability and to adjust allowable utility returns to reflect an asset's effective capacity contribution.
The committee agreed to a committee substitute for Senate Bill 505 and voted to report it to the full Senate with a recommendation that it pass, with an initial referral to the Committee on Government Organization.
The substitute would add "bulk power system reliability" as a factor the West Virginia Public Service Commission must consider when finding rates "fair, just and reasonable," and require the Commission to adjust allowable rates of return using a formula tied to an asset's effective load carrying capacity.
Committee counsel explained that the substitute explicitly lists reliability attributes the Commission must consider, including "energy capacity, on-demand dispatchability, useful life of relevant assets, intermittent operational nature,…
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