To enable the Public Service Commission to authorize accelerated rate recovery for advanced transmission technology projects

HB 4379 allows West Virginia's Public Service Commission (PSC) to approve faster cost recovery for electric utilities building or upgrading specific advanced transmission technologies. It directly affects utilities investing in projects that improve grid capacity, efficiency, reliability, or safety - such as advanced conductors, dynamic line rating, or power flow controls - by enabling them to recover costs through customer rates more quickly than usual. The bill requires the PSC to approve such projects only if they are technically feasible, economically reasonable, and prudent, while also considering impacts on existing investment agreements. This change aims to incentivize grid modernization without altering the PSC's oversight role.