FISCAL NOTE
Date Requested: January 12, 2024
Time Requested: 01:39 PM |
| Agency: |
Natural Resources, WV Division of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2275 |
Introduced |
HB4632 |
|
|---|
| CBD Subject: |
|
|---|
|
FUND(S):
0265
Sources of Revenue:
General Fund
Legislation creates:
Creates New Program
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
A Bill to amend Code of WV, 1931, as amended, by adding thereto a new article 20-19-1, 20-19-2 and 20-19-3 all relating to energy storage. The legislation requires that on or before February 1, 2023, the West Virginia Division of Energy shall establish by rule, mechanisms for the procurement of energy storage systems by an electric utility.
Because the West Virginia Division of Energy is now named the West Virginia Office of Energy, under the West Virginia Department of Economic Development, and is not, and was not, a part of the West Virginia Division of Natural Resources, an estimate of the fiscal impact cannot be calculated.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2024
Increase/Decrease
(use"-") |
2025
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
0 |
0 |
| 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):
A Bill to amend Code of WV, 1931, as amended, by adding thereto a new article 20-19-1, 20-19-2 and 20-19-3 all relating to energy storage. The legislation requires that on or before February 1, 2023, the West Virginia Division of Energy shall establish by rule, mechanisms for the procurement of energy storage systems by an electric utility.
Because the West Virginia Division of Energy is now named the West Virginia Office of Energy, under the West Virginia Department of Economic Development, and is not, and was not, a part of the West Virginia Division of Natural Resources, an estimate of the fiscal impact cannot be calculated.
Memorandum
For additional information concerning this fiscal note, please contact:
Wendy Greene
Deputy Director
West Virginia Division of Natural Resources
324 4th Avenue, Room 328
South Charleston, West Virginia 25309
304-558-2754
Wendy.L.Greene@wv.gov
Person submitting Fiscal Note: Amanda Morris
Email Address: amanda.l.morris@wv.gov