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Committee adopts substitute for bill that would factor grid reliability into utility rates
Summary
The committee agreed to a substitute for Senate Bill 505 to require the Public Service Commission to consider bulk power system reliability and capacity value when approving utility rate increases; committee voted to report the substitute to the full Senate with a recommendation that it pass.
The West Virginia Senate committee approved a committee substitute for Senate Bill 505 on a voice vote and voted to report the substitute to the full Senate with a recommendation that it pass.
The substitute would add “bulk power system reliability” and related capacity attributes as factors the Public Service Commission (PSC) must evaluate when deciding whether proposed rate increases for electric utilities are fair, just and reasonable. Counsel told the committee the PSC would be required to evaluate “bulk power system reliability, energy capacity, on demand dispatchability, useful life of…
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