LD 1398 LR 1934(03)
An Act To Reduce Electric Rates for Maine Businesses
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Energy, Utilities and Technology
Fiscal Note Required: Yes
Fiscal Note
Transfer from Efficiency Maine Trust
FY 2015-16 FY 2016-17 Projections  FY 2017-18 Projections  FY 2018-19
Other Special Revenue Funds $0 $2,000,000 $2,000,000 $2,000,000
Fiscal Detail and Notes
The bill transfers $2,000,000 in each of fiscal years 2016-17, 2017-18 and 2018-19 from the Regional Greenhouse Gas Initiative Trust Fund (RGGI Fund) within Efficiency Maine Trust to the Public Utilities Commission (PUC) to be used for disbursements to certain customers. The RGGI Fund has sufficient resources to make these transfers. This bill also directs the RGGI Fund to expend 50% of its funds for residential programs and 50% for commercial and industrial programs. There is no estimate at this time on the amount of funds to be expended from the RGGI Fund. The bill also requires the PUC to conduct an expedited proceeding to determine the inital allocation of disbursements to certain customers. The PUC has sufficient budgeted resources to conduct a proceeding and make disbursements to customers.