First Energy Corp., a major power supplier in West Virginia, is raising concerns about two bills currently in the state Legislature. One bill, SB 505, focuses on guidelines for utilities seeking rate adjustments, particularly on grid reliability during peak demand. Another bill, HB 2014, aims to attract data centers and microgrid industries to the state. However, First Energy argues that these bills could potentially raise costs for consumers and hinder long-term investments in new generation infrastructure.
First Energy strongly opposes SB 505, calling it burdensome and stating that it would increase the complexity and cost of utility rate cases for West Virginians. The company believes that this bill would hinder new generation development, leading to higher energy prices in the long run. Similarly, concerns have been raised by Appalachian Power about potential cost increases for customers if these bills are passed.
Despite these concerns, First Energy is committed to working with state representatives to address these issues and ensure that energy policies support long-term investments, protect customers, and strengthen West Virginia’s energy future.
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