West Virginia HB4481: WV Load Forecast Accountability Act

What the bill says

To amend the Code of West Virginia, 1931, as amended by adding a new article, designated §24-2J-1, §24-2J-2, §24-2J-3, §24-2J-4, §24-2J-5, and §24-2J-6, all relating to the creation of the Electric Load Forecast Accountability Act; providing for a short title, findings, and purpose; providing oversight and reporting by the Public Service Commission concerning electric load forecasting; providing access to and protections from disclosure of confidential documents; providing for annual reporting and defining report contents; and creating a sunset date. ARTICLE 2J. ELECTRIC LOAD FORECAST A.

From the engrossed text, February 19, 2026:

A BILL to amend the Code of West Virginia, 1931, as amended by adding a new article, designated §24-2J-1, §24-2J-2, §24-2J-3, §24-2J-4, §24-2J-5, and §24-2J-6, all relating to the creation of the Electric Load Forecast Accountability Act; providing for a short title, findings, and purpose; providing oversight and reporting by the Public Service Commission concerning electric load forecasting; providing access to and protections from disclosure of confidential documents; providing for annual reporting and defining report contents; and creating a sunset date. ARTICLE 2J. ELECTRIC LOAD FORECAST ACCOUNTABILITY ACT. §24-2J-1. Short Title This act shall be known as the "Electric Load Forecast Accountability Act." §24-2J-2. Legislative Findings and Purpose. (a) The Legislature finds (2) PJM relies upon estimates submitted by utilities and other companies across its system to estimate future electricity needs, which have associated costs; (3) Accurate load forecasting ensures adequate electric supply and protects West Virginia consumers from unnecessary costs caused by electrical resource mismanagement; and (4) The current process by which entities submit load estimates to PJM, requires confidence and transparency so policymakers, regulators, and stakeholders can make the best possible decisions. (b) The purpose of this article is to provide the Public Service Commission of West Virginia the authority and responsibility, in accordance with its existing powers under §24-1-1 et seq. of this code, (2) Coordinate with …

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