FISCAL NOTE
Date Requested: February 01, 2022
Time Requested: 09:38 AM |
| Agency: |
Public Service Commission |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1293 |
Introduced - Revised |
HB4383 |
|
|---|
| CBD Subject: |
Consumer Protection |
|---|
|
FUND(S):
Public Service Commission Utilities Fund (8623)
Sources of Revenue:
Special Fund
Legislation creates:
Increases Revenue From Existing Sources, Creates New Expense
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.
Assuming the intent of HB4383 is to create an additional, self-contained, formal complaint processing center, then the cost estimate is over $4 million(based on the current budget for the PSC Utilities Fund).
The PSC utilities assessments will have to be increased to cover this expansion. The increase will eventually flow through to the customers by way of higher utility rates. Also,it is highly likely that in the near future,the statutory caps on PSC assessments will have to be raised to produce enough revenue to support this new program.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2022
Increase/Decrease
(use"-") |
2023
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
4,072,000 |
0 |
4,072,000 |
| Personal Services |
3,300,000 |
0 |
3,300,000 |
| Current Expenses |
600,000 |
0 |
600,000 |
| Repairs and Alterations |
32,000 |
0 |
32,000 |
| Assets |
0 |
0 |
0 |
| Other |
140,000 |
0 |
140,000 |
| 2. Estimated Total Revenues |
4,072,000 |
0 |
4,072,000 |
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.
Assuming the intent of HB4383 is to create an additional, self-contained, formal complaint processing center, then the cost estimate is over $4 million(based on the current budget for the PSC Utilities Fund).
These estimates include the staffing required to process formal complaints - Administrative Law Judges, Attorneys, Engineers, Accountant/Utility Analysts, and an Executive Secretary Office to process the case filings and be the official record holder for the new agency(similar to a Circuit Clerk's office).
The PSC utilities assessments will have to be increased to cover this expansion. The increase will eventually flow through to the customers by way of higher utility rates. Also, it is highly likely that in the near future, the statutory caps on PSC assessments will have to be raised to produce enough revenue to support this new program.
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.
Assuming the intent of HB4383 is to create an additional, self-contained, formal complaint processing center, then the cost estimate is over $4 million(based on the current budget for the PSC Utilities Fund).
The PSC utilities assessments will have to be increased to cover this expansion. The increase will eventually flow through to the customers by way of higher utility rates. Also, it is highly likely that in the near future, the statutory caps on PSC assessments will have to be raised to produce enough revenue to support this new program.
Person submitting Fiscal Note: Cheryl A. Ranson
Email Address: cranson@psc.state.wv.us