Relating to authority of PSC

SB 687 limits the West Virginia Public Service Commission's authority over electric utility rates by requiring the Commission to submit all rate adjustment proposals to the Legislature for approval, rather than implementing changes directly. This means electric utilities cannot have their rates adjusted without the Legislature passing a separate bill approving the change. The bill directly affects electric utilities and the Legislature, shifting final decision-making power over rate increases from the regulator to elected lawmakers. It specifically targets electric service rate adjustments, not other utility services or regulatory functions.