West Virginia HB4385 caps utility provider rate increases at 5% per year.

West Virginia HB4385 aims to limit the annual rate increases by public utility companies to a maximum of 5%. This bill, effective July 1, 2026, adds a new section to the West Virginia Code to establish this cap on proposed rate increases by public utilities. The purpose is to ensure that any proposed rate increases by public utilities do not exceed this 5% limit per year.

West Virginia HB4385 caps utility provider rate increases at 5% per year.

West Virginia HB4385 aims to limit the annual rate increases by public utility companies to a maximum of 5%. This bill, effective July 1, 2026, adds a new section to the West Virginia Code to establish this cap on proposed rate increases by public utilities. The purpose is to ensure that any proposed rate increases by public utilities do not exceed this 5% limit per year.