West Virginia SB535 imposes a one-year moratorium on public utility rate increases from July 1, 2026, to June 30, 2027.

West Virginia SB535 imposes a one-year moratorium on the approval of electric, natural gas, and water utility rate increases. The moratorium prohibits the Public Service Commission from approving any rate increases during this period, except for rate decreases, refunds, and rates implemented to comply with federal mandates. The bill mandates a comprehensive study on methods to reduce utility rates, focusing on cost structure, ratemaking policies, and customer impact. The study will result in a report with recommendations for regulatory or statutory changes to reduce rates.

West Virginia SB535 imposes a one-year moratorium on public utility rate increases from July 1, 2026, to June 30, 2027.

West Virginia SB535 imposes a one-year moratorium on the approval of electric, natural gas, and water utility rate increases. The moratorium prohibits the Public Service Commission from approving any rate increases during this period, except for rate decreases, refunds, and rates implemented to comply with federal mandates. The bill mandates a comprehensive study on methods to reduce utility rates, focusing on cost structure, ratemaking policies, and customer impact. The study will result in a report with recommendations for regulatory or statutory changes to reduce rates.