Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
SB1002 by Hancock (Relating to accounting principles applicable to pension and other postemployment benefit expenses for electric utilities.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill amends the Utilities Code relating to accounting principles applicable to pension and other postemployment benefit expenses for electric utilities. The Public Utility Commission indicates it could absorb the costs associated with the bill within its current resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.