SB461 requires legislative approval for any Public Service Commission rate increase.

SB461 amends the West Virginia Code to limit the jurisdiction of the Public Service Commission (PSC) to holding hearings on rate adjustment requests from utilities and issuing recommendations to the Legislature. The bill specifies that the Legislature can veto any rate adjustments if it chooses. This measure aims to ensure fair and prompt regulation of public utilities, provide adequate and reliable utility services, and encourage the development of utility resources in a manner consistent with state needs.

SB461 requires legislative approval for any Public Service Commission rate increase.

SB461 amends the West Virginia Code to limit the jurisdiction of the Public Service Commission (PSC) to holding hearings on rate adjustment requests from utilities and issuing recommendations to the Legislature. The bill specifies that the Legislature can veto any rate adjustments if it chooses. This measure aims to ensure fair and prompt regulation of public utilities, provide adequate and reliable utility services, and encourage the development of utility resources in a manner consistent with state needs.