Requesting the Joint Committee on Government and Finance study West Virginia’s participation and affiliation with PJM Interconnection LLC which serves West Virginia as a Regional Transmission Authority, coordinating the movement of wholesale electricity in all or parts of 13 states and the District of Columbia.
Impact
The resolution intends to assess the overall performance of PJM and its governance, scrutinizing whether West Virginia has sufficient representation within its decision-making processes. It will explore the value of the state's investments in electricity generation and whether these are adequately recognized in the wholesale markets managed by PJM. Moreover, the study will consider alternative regional transmission organizations that could better serve West Virginia’s interests and the feasibility of the state forming its own entity, akin to Texas's model.
Summary
HCR103 requests the Joint Committee on Government and Finance to study West Virginia's participation and affiliation with PJM Interconnection LLC, a Regional Transmission Authority that manages wholesale electricity movement across 13 states and the District of Columbia. The bill emphasizes the significant impact PJM has on the electric rates that West Virginians face, noting that these rates have been on the rise at a pace greater than other states. The focus of the study will be to evaluate whether West Virginia's utilities and ratepayers are adequately served under the current structure and management of PJM.
Sentiment
Discussions surrounding HCR103 appear to reflect a mixture of urgency and concern regarding the current operational framework of PJM. Advocates for the resolution are likely motivated by escalating electric costs while seeking to protect ratepayers' investments. The sentiment illustrates a push towards ensuring equitable representation and a thorough evaluation of whether West Virginia remains best served under the existing structure.
Contention
The bill does not appear to have significant opposition noted thus far, as it is framed as a necessary inquiry rather than an immediate regulatory change. However, the outcomes of the study could lead to substantial implications on West Virginia's energy policies and regulatory strategies, potentially changing how the state interacts with influential players in the electricity market.
Requesting That the Joint Committee on Government and Finance send official correspondence to West Virginia’s federal delegations stating West Virginia veterans’ concerns and objections to the two TRICARE for Life (“TFL”) proposals
Requesting That the Joint Committee on Government and Finance engage in a study concerning differences in commercial real property taxes in West Virginia versus bordering states and what can be done to mitigate such differences