The first, HB 3308, allows the Public Service Commission to consider and issue financing orders to certain utilities to permit the recovery of certain costs through securitization via consumer rate relief bonds. It also establishes that a public electric utility may not retire, abandon, close, or otherwise permanently render incapable of operating any electric generating plant or unit without the prior consent and approval of the Public Service Commission.
The second bill, HB 3482, encourages the development, transportation and use of electricity generated using West Virginia coal. The goal of this bill is to clearly affirm that West Virginia welcomes coal-fired power, making it as easy as possible for companies to build here.
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