WV HB3173

Caps electric utility rates at current levels until July 1, 2026, freezing both generation and distribution service rates for all customers

Allows the Public Service Commission to adjust capped rates only for fuel and purchased power cost recovery

Requires incumbent electric utilities to offer capped rates to any customer within their service territory during the cap period

After the cap expires, rates remain at capped levels until the Commission approves changes through standard rate-setting procedures

Cites that West Virginia electric rates more than doubled between 2005 and 2022, the largest increase of any state, disproportionately burdening residents with the nation's second-lowest median income