Creating Advanced Baseload Energy Development Act

SB 942, the Advanced-Baseload Energy Development Act, creates a framework to support nuclear reactors and hydrogen energy projects that use carbon capture technology. It establishes a new Advanced Energy Division within the Office of Energy to coordinate development, permit projects, and partner with universities for workforce training. The bill provides tax incentives for qualifying projects, requires community benefit agreements, and allows utilities to recover project costs through rate increases. It specifically targets advanced-baseload energy projects using advanced nuclear reactors or fossil-fuel-derived hydrogen with carbon capture, aiming to leverage West Virginia’s energy infrastructure and workforce.