FISCAL NOTE
Date Requested: February 10, 2026
Time Requested: 09:49 AM |
| Agency: |
Public Service Commission |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2037 |
Introduced |
SB420 |
|
|---|
| CBD Subject: |
Utilities |
|---|
|
FUND(S):
SPECIAL
Sources of Revenue:
Special Fund
Legislation creates:
Increases Existing Expenses
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
Summarize in a clear and concise manner what impact this measure will have on costs and revenues of state government.
The proposed bill requires the Commission to evaluate each PJM capacity auction and
ensure West Virginia generating units participate to maximize ratepayer benefit and
limit exposure to market volatility. The Commission would need to hire one utilities
analyst for this work. The cost would be approximately $100,000 to cover salary,
benefits and travel. The cost would increase over time due to inflation and raises
approved by the Governor and/or Legislature.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2026
Increase/Decrease
(use"-") |
2027
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
50,000 |
100,000 |
100,000 |
| Personal Services |
0 |
0 |
0 |
| Current Expenses |
0 |
0 |
0 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
0 |
0 |
0 |
| 2. Estimated Total Revenues |
0 |
0 |
0 |
Explanation of above estimates (including long-range effect):
Please explain increases and decreases in personal services, current expenses, repairs and alterations, assets, other costs and revenues, including assumptions and data sources and delineation between start-up and ongoing costs. Please also include a long-range schedule of costs and revenues if fiscal impact is expected to vary in future years.
The proposed bill requires the Commission to evaluate each PJM capacity auction and
ensure West Virginia generating units participate to maximize ratepayer benefit and
limit exposure to market volatility. The Commission would need to hire one utilities
analyst for this work. The cost would be approximately $100,000 to cover salary,
benefits and travel. The cost would increase over time due to inflation and raises
approved by the Governor and/or Legislature.
Memorandum
Please identify any areas of vagueness, technical defects, reasons a bill would not have a fiscal impact, and/or any special issues not captured elsewhere on this form.
N/A
Person submitting Fiscal Note: Robert Adkins, General Counsel
Email Address: radkins@psc.state.wv.us