W. Va. Code R. § 150-34-10

Current through Register Vol. XLI, No. 50, December 13, 2024

Section 150-34-10 - Alternative and Renewable Energy Resources Research Fund

10.1. The Commission and the Division of Energy shall jointly administer a special revolving fund in the State Treasury, which shall be designated the "Alternative and Renewable Energy Resources Research Fund." The fund shall be used to award matching grants for demonstration, commercialization, research and development projects relating to alternative and renewable energy resources and energy efficiency technologies.

10.2. The fund shall consist of any moneys appropriated by the Legislature, any compliance assessments collected by the Commission under this rule, any gifts, bequests or other contributions to the fund from private entities or electric customers, and any interest or other return on the moneys in the fund.

10.3. Any donations to the fund collected by an electric generation supplier or electric distribution company shall be forwarded to the Commission and the Commission shall deposit such moneys in the fund.

W. Va. Code R. § 150-34-10