HB4026 S EIM AMT 2-24

Kraus  7502

The Committee on Energy, Industry, and Mining moved to amend the bill by striking out the title and substituting therefor a new title, to read as follows:

Eng. Com. Sub. for House Bill 4026—A BILL to amend and reenact §24-2-19 of the Code of West Virginia, 1931, as amended; and to amend the code by adding a new article, designated §24-9-1, §24-9-2, §24-9-3, §24-9-4, §24-9-5, §24-9-6, §24-9-7, §24-9-8, §24-9-9, and §24-9-10, relating to affordability, efficiency, and cost-saving measures for certain electric utilities; requiring certain utilities to include in their Integrated Resource Plans a comprehensive analysis of current and potential future uses, costs, and benefits of advanced transmission technologies, and an analysis of coal and natural-gas utilization, maintenance, and life-extension; defining advanced transmission technologies; requiring the plans to include detailed economic and technological feasibility for such technologies to optimize grid performance and enhance reliability and resiliency; requiring the plans to include any other technologies which may enhance grid performance; creating the West Virginia First Energy Act; providing legislative findings, purpose, and definitions; setting certain minimum operational utilization goal for coal-fired generation and providing incentives for attainment; providing certain protections against premature termination of certain electric generating facilities and placing limitation on announcements of such termination; restricting certain recoupment of certain expenditures associated with certain intermittent-generation resources;  directing use of moneys in the Electric Grid Stabilization and Security Fund; requiring certain coordination between Public Service Commission and Public Energy Authority; expanding powers, duties, and responsibilities of Public Energy Authority; providing certain oversight of PJM market participation and resource planning; requiring certain electric utilities to perform operational analysis and maintain operational plan; providing operational plan criteria; providing certain Public Service Commission and Public Energy Authority oversight of operational plans; requiring certain electric utilities to maintain minimum supply of certain resources; providing certain reporting requirements; and requiring certain orders, directives, and requirements to implement the act.

Adopted

Rejected