HB 1620 Summary

• Appropriates $4,872,897.00 from the State General Fund and $746,994.00 from special source funds to the Mississippi Public Service Commission for fiscal year 2024 (July 1, 2023 - June 30, 2024).

• Authorizes 52 permanent positions and 5 time-limited positions for the commission with restrictions on salary increases and escalations without Department of Finance and Administration approval.

• Allocates $282,500.00 from the Capital Expense Fund for purchase of a new case tracking system.

• Establishes performance targets for utility regulatory services including 240 docket cases, 4,560 utility complaints, and 630 pipeline inspections for fiscal year 2024.

• Requires the Public Service Commission to report time expenditures by regulated entity to the House Public Utilities Committee by August 1, 2023, and maintain accounting records comparable to fiscal year 2023 format.