Establishes procedures for public utilities to change rates and recover costs.

The bill outlines procedures for public utilities to change rates and recover costs. It mandates public hearings for rate changes, specifies conditions for rate suspensions, and details the process for rate adjustments. It also requires utilities to submit future test year data and mandates the West Virginia Public Service Commission to consider this data in rate cases. The bill emphasizes the importance of considering emerging utility management and conservation concepts as alternatives to rate increases.

Establishes procedures for public utilities to change rates and recover costs.

The bill outlines procedures for public utilities to change rates and recover costs. It mandates public hearings for rate changes, specifies conditions for rate suspensions, and details the process for rate adjustments. It also requires utilities to submit future test year data and mandates the West Virginia Public Service Commission to consider this data in rate cases. The bill emphasizes the importance of considering emerging utility management and conservation concepts as alternatives to rate increases.