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127th MAINE LEGISLATURE |
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LD 273 |
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LR 72(03) |
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An Act To Encourage
and Enhance the Future of Waste-to-energy Facilities by Establishing a
Portfolio Requirement for Electricity from Waste Energy Resources |
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Fiscal Note for
Senate Amendment " " to Committee Amendment "A" |
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Sponsor: Sen. Woodsome of York |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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Eliminates potential future biennium revenue increase - Other
Special Revenue Funds
Eliminates potential future transfer to Efficiency Maine Trust
Eliminates future minor savings - Other Special Revenue Funds |
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| Fiscal Detail and
Notes |
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The amendment
repeals, on June 30, 2020, portfolio requirements for waste-to-energy
resources and the alternative compliance payments used to satisfy those
portfolio requirements. This eliminates any potential Other Special Revenue
Funds revenue to the Public Utilities Commission starting in fiscal year
2020-21. These revenues would have been transferred to the Energy Efficiency
and Renewable Resource Fund within the Efficiency Maine Trust. The PUC had
not anticipated any competitive electricity providers to make these payments
in lieu of compliance. Any additional future costs the PUC would have
incurred to require waste-to-energy resources to meet certain portfolio
requirements had been expected to be minor and are now eliminated after June
30,2020. |
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