FISCAL NOTE
Date Requested: January 11, 2023
Time Requested: 09:34 PM |
| Agency: |
Public Service Commission |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2254 |
Introduced |
HB2258 |
|
|---|
| CBD Subject: |
|
|---|
|
FUND(S):
Fund 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.
Summarize in a clear and concise manner what impact this measure will have on costs and revenues of state government.
The PSC would have to hire outside experts to make recommendations regarding environmental impacts of resource options per proposed 24-2-1r(a)(5) and (c)(2).
Additionally, the bill broadens the categories of cost that may be securitized. The PSC would have to hire outside experts in securitization.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2023
Increase/Decrease
(use"-") |
2024
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
300,000 |
300,000 |
| Personal Services |
0 |
0 |
0 |
| Current Expenses |
0 |
300,000 |
300,000 |
| 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):
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.
If the PSC has to hire consultants/expert witnesses, the PSC estimates those costs to be $300,000 per case.
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: Sandy Mitchell
Email Address: smitchell@psc.state.wv.us