HB4481 S EIM AMT 3-10

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 4481—A Bill to amend the Code of West Virginia, 1931, as amended by adding two new articles, designated §24-2J-1, §24-2J-2, §24-2J-3, §24-2J-4, §24-2J-5, §24-2J-6, §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, all relating to generation of electricity; creating the Electric Load Forecast Accountability Act and the West Virginia First Energy Act; providing short titles, findings, purposes, and definitions; providing oversight and reporting by the Public Service Commission concerning electric load forecasting; providing access to and protections from disclosure of confidential documents; requiring certain reporting and defining certain report contents; creating a sunset date; 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; requiring certain utilities to include in their integrated resource plans an analysis of coal and natural-gas utilization, maintenance, and life-extension; 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; and requiring certain orders, directives, and requirements to implement the act.

Adopted

Rejected