2023 Regular Legislative Session Energy Recap in West Virginia
This summary provides an overview of completed legislation related to the Public Energy Authority in West Virginia's 2023 Regular Legislative Session. The recap includes details on key bills passed, such as HB 2814 focusing on hydrogen power task force creation, HB 3308 authorizing PSC's financing orders for utilities, HB 3482 establishing the Coal Fired Grid Stabilization Act, and SB 188 on Grid Stabilization and Security Act. Additionally, SB 544 addresses the increase in power purchase agreement cap. Detailed insights and images are available for a comprehensive understanding.
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Presentation Transcript
2023 Regular Legislative Session - Energy Recap Graham Platz West Virginia Department of Commerce, Deputy General Counsel
Summary of completed legislation related to the Public Energy Authority 6 bills Senate 3 House 3 Additional information available on Legislature s Website https://www.wvlegislature.gov/ Completed Legislation
HB 2814 To create a hydrogen power task force Operate to take advantage of IIJA and IRA tax incentives related to energy Study how State can improve its regulatory framework Work to develop a workforce compatible with industry jobs
HB 3308 Authorizing PSC to consider and issue financing orders to certain utilities to permit the recovery of certain costs through securitization via consumer rate relief bonds Expansion of alternative financing methods PSC must approve of any public electric utility requirement Eligible costs: environmental control costs, expanded net energy costs, storm recovery costs, undepreciated generation plan balances Utility customers cannot bypass the consumer rate relief charges authorized by the PSC
HB 3482 To create the Coal Fired Grid Stabilization Act of 2023 Coal has and will continue to be crucial to WV s electric generation The act supports regulatory review and continued investment in the industry Sec. of Econ. Dev. authorized to designate sites for coal-fired generation by evaluating economic, environmental, and geographic viability Implementation of new and green technologies/fuel sources
SB 188 Grid Stabilization and Security Act of 2023 Electric generation from natural gas is underdeveloped in WV. Encourages regulatory review and tasks Dept. of Economic Development with supporting this industry. Sec. of Econ. Dev. authorized to designate sites for natural gas generation by evaluating economic, environmental, and geographic viability. Does not authorize sale of end-use electricity.
SB 544 Increasing power purchase agreement cap Increases the kilowatts allowed for customers who installed solar panels, subject to a power purchase agreement, and designed to service only that customer Residential: 25kW to 50kW Commercial: 500kW to 1000kW If under limit, not a public service under the PSC s jurisdiction
SB 609 Obtaining approval for decommissioning or deconstructing of existing power plant Public Energy Authority must approve of the decommissioning of any coal, oil, or natural gas plant Factors considered for decommissioning: economic, social, environmental Prior to closure alternative/green technologies and fuel sources should be considered
Authority is required to promulgate rules to govern the decommissioning process Petition Requirements Considerations of the board Exemption for nonproducing plants within last five years Appeal process SB 609 Authority is also required to promulgate emergency rules
