FISCAL NOTE
Date Requested: March 17, 2025
Time Requested: 05:18 PM |
| Agency: |
Public Service Commission |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2881 |
Introduced |
SB790 |
|
|---|
| CBD Subject: |
Public Service Commission |
|---|
|
FUND(S):
8623 Public Service Commission Fund (Utilities)
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.
The Public Service Commission would see a substantial increase in costs as a result of this bill.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2025
Increase/Decrease
(use"-") |
2026
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
0 |
1,476,950 |
| Personal Services |
0 |
0 |
1,426,950 |
| Current Expenses |
0 |
0 |
50,000 |
| 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):
It is estimated that 7 engineers would need to be hired to perform rolling inspections of all PSDs. At an average salary of $90,000 + and additional 35% for benefits = $850,500.
It is estimated that 7 Utilities Analyst would need to be hired to perform audits on all PSDs. At an average salary of $61,000 + an additional 35% for benefits = $576,450.
The PSC would also face increased travel expense estimated to be $50,000 per year.
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.
Person submitting Fiscal Note: NATHAN NELSON
Email Address: nnelson@psc.state.wv.us