WV HB3055

Removes the Public Service Commission's authority to approve electric utility rate adjustments, limiting its role to holding hearings and issuing recommendations to the Legislature

Requires all electric utility rate adjustments to be approved through a specific bill passed by the Legislature

Mandates that coal-fired electric generation facilities maintain an average minimum generation rate of at least 75% of peak capacity annually

Imposes profit margin penalties on utilities that underutilize coal-fired plants: for each percentage point below 75% utilization, the utility loses one percentage point of its allowed 10% statutory profit margin

Utilities operating at 65% or lower average utilization would receive 0% statutory profit margin for the following year