Creating Energy Economic Load Dispatch Act

West Virginia's SB 1041 establishes the "Energy Economic Load Dispatch Act," requiring utilities to follow a new cost-based planning standard for power generation projects. It mandates that utilities comply with this standard to obtain or maintain permits for new power plants, include resource adequacy and reliability in their long-term energy plans, and ensure costs for non-compliant projects cannot be passed to customers. The Public Service Commission gains explicit authority to deny approvals, condition permits, or revoke certificates if utilities fail to meet these requirements. This bill directly affects electric utilities and the commission's review process for energy projects, focusing on cost transparency and regulatory oversight.