127th MAINE LEGISLATURE
		LD 1215		LR 96(04)
	An Act To Provide Lower Energy Costs to Maine Businesses and Residences by Carrying Out the Legislature's Intent Regarding Funding of the Efficiency Maine Trust
	Fiscal Note for Bill as Engrossed with: C "A" (H-113)
	Committee: Energy, Utilities and Technology
Fiscal Note
Potential current biennium revenue increase - Efficiency Maine Trust Potential current biennium cost increase - Efficiency Maine Trust
Fiscal Detail and Notes
	Under current law the Public Utilities Commission (PUC) is allowed to require certain utilities to provide funding for electric conservation and efficiency programs administered by the Efficiency Maine Trust (EMT). The maximum amount that may be included in rates is 4% of transmission and distribution sales. This bill will change the maximum amount that may be included in rates to 4% of total retail electricity and transmission and distribution sales. The current cap is estimated to have allowed a maximum of $25,000,000 annually be collected and passed to the EMT and the PUC has already granted a rate increase of $18,500,000 for fiscal year 2015-16. The proposed cap in this bill is an estimated $59,000,000.