Relating to electric and natural gas utility rate increases

SB 577 would impose a one-year moratorium on all electric and natural gas utility rate increases for utilities regulated by West Virginia's Public Service Commission, directly affecting all residential, commercial, and industrial customers. The bill prohibits new rate hikes, suspends pending rate cases, and requires the Commission to limit emergency exceptions only to situations threatening safe service or causing extreme financial hardship to the utility. It also mandates a legislative interim study on utility rate trends, management practices, and potential policy solutions during the moratorium period.