Bill

Bill > HB3179


WV HB3179

Funding for failing public utilities


summary

Introduced
03/06/2025
In Committee
04/07/2025
Crossed Over
03/31/2025
Passed
04/12/2025
Dead
Signed/Enacted/Adopted
04/29/2025

Introduced Session

2025 Regular Session

Bill Summary

AN ACT to amend and reenact §24-2H-7 of the Code of West Virginia, 1931, as amended, relating to utility acquisitions; limiting the commission's authority on ordering the acquisition of distressed or failing authorities; and establishing guidelines for when the commission can order acquisitions.

AI Summary

This bill modifies the West Virginia Public Service Commission's authority regarding the acquisition of distressed or failing water and wastewater utilities. The bill requires the commission to first explore alternatives to a forced acquisition, such as reorganizing utility management, appointing a receiver, merging with another utility, or establishing a management contract. Before ordering an acquisition, the commission must determine that no reasonable and cost-effective alternatives exist. The bill limits the commission's ability to order an acquisition if the necessary capital improvements would exceed the aggregate contributions from new customer extensions, grant funds from the Water Development Authority Distressed Utilities Account, or other available grants. Additionally, the commission is now required to provide an annual list of distressed or failing utilities to the Legislature, Water Development Authority, and Infrastructure and Jobs Development Council, starting in 2021. The bill aims to provide more flexibility and financial protection for utilities when dealing with struggling water and wastewater systems, ensuring that acquisitions are a last resort and financially viable for the acquiring utility.

Committee Categories

Agriculture and Natural Resources, Transportation and Infrastructure

Sponsors (3)

Last Action

Approved by Governor 4/29/2025 (on 04/29/2025)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...