SB931

West Virginia SB931 aims to reduce utility costs and ensure affordability and competitiveness.

West Virginia SB931, known as the "West Virginia Utility Affordability and Economic Competitiveness Act," seeks to lower utility costs for residents and businesses. It mandates a 25% reduction in combined household utility expenditures for electricity and water by January 1, 2030. The bill imposes a three-year moratorium on utility rate increases, subject to legislative approval based on specific criteria. It also sets goals for the comprehensive cost of electricity to be lower than in surrounding states and for water utility costs to fall below the national 75th percentile.