West Virginia SB577 mandates a one-year moratorium on electric and natural gas utility rate increases.

West Virginia SB577 establishes a one-year moratorium on electric and natural gas utility rate increases, effective from the bill's enactment. The Public Service Commission is directed to suspend any pending rate increase cases and prohibit new rate hikes, except for emergency situations ensuring safe service or preventing financial hardship. The bill also mandates a legislative interim study on utility management, rate design, and the causes of recent rate increases. This study aims to inform potential legislative remedies.

West Virginia SB577 mandates a one-year moratorium on electric and natural gas utility rate increases.

West Virginia SB577 establishes a one-year moratorium on electric and natural gas utility rate increases, effective from the bill's enactment. The Public Service Commission is directed to suspend any pending rate increase cases and prohibit new rate hikes, except for emergency situations ensuring safe service or preventing financial hardship. The bill also mandates a legislative interim study on utility management, rate design, and the causes of recent rate increases. This study aims to inform potential legislative remedies.