West Virginia HB4894 establishes the West Virginia Utility Affordability and Economic Competitiveness Act to ensure affordable and reliable utility.
West Virginia HB4894, the West Virginia Utility Affordability and Economic Competitiveness Act, aims to restore utility affordability and reliability for state residents. The bill mandates a comprehensive assessment of utility costs and competitiveness by the Department of Commerce, followed by statutory and regulatory reforms. It imposes a three-year moratorium on utility rate increases, except under specific conditions.
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