PUBLIC Law Chapter 219

	Sec. 2. Report. The Public Utilities Commission shall undertake an
investigation to identify rate designs, mechanisms or other means
that provide incentives for transmission and distribution
utilities to promote energy efficiency and that promote the
security and robustness of the electric grid by appropriately
compensating transmission and distribution utilities for
constructing and maintaining additional infrastructure that the
commission determines necessary to ensure the security and
robustness of the grid in underserved areas of the State. In
conducting its investigation, in addition to any other issues the
commission determines appropriate, the commission shall consider:

1. Rate design mechanisms that encourage efficiency in
electric use, provide incentives for the development of new
energy-efficient business activity in the State and take into
account the costs and benefits of energy efficiency and
conservation to existing business activity in the State;

2. Financial and other incentives for transmission and
distribution utilities or their customers that may support the
goals of this section;

3. The impact of achieving the goals of this section on the
revenues and rates of return of transmission and distribution
utilities;

4. Methods available pursuant to the Maine Revised Statutes,
Title 35-A, sections 3195 and 3211-A to accomplish the purposes
of this section;

5. The impact of achieving the goals of this section on
transmission and distribution utility rate levels and rate
stability; and

6. The impact of electricity generation and consumption on air
and water quality.

By February 1, 2004, the commission shall submit a report of
the results of its investigation under this section to the Joint
Standing Committee on Utilities and Energy.

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