H. B. 2160
(By Delegates Doyle and Hatfield)
[Introduced January 11, 2012
; referred to the
Committee on Energy, Industry and Labor, Economic Development and Small Business then the Judiciary.]
A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §24-2-1k, relating to the Public Service Commission; and authorizing incentives for energy conversation by electric utilities through installation of voltage regulation devices.
Be it enacted by the Legislature of West Virginia:
That the Code of West Virginia, 1931, as amended, be amended by adding thereto a new section, designated §24-2-1k, to read as follows:
ARTICLE 2. POWERS AND DUTIES OF PUBLIC SERVICE COMMISSION.
§24-2-1k. Incentives for energy conversation through voltage regulation.
(a) For purposes of this section, “voltage regulation device” means voltage regulation technologies which raise or lower voltage dynamically and are ninety-nine percent or more efficient across at least ninety percent of the electric load curve.
(b) Electric utilities may recover the capital and operating costs and earn a fifteen percent rate of return in the utility’s rate bases on investments and installations of voltage regulation devices.
NOTE: The purpose of this bill is to authorize electric utilities to install voltage regulation devices for energy conversation and to recover the capital and operating costs, together with a fifteen percent rate of return on investments and installation of the devices.
This section is new; therefore, it has been completely underscored.