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127th MAINE LEGISLATURE |
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LD 1398 |
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LR 1934(03) |
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An Act To Reduce
Electric Rates for Maine Businesses |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Energy, Utilities and Technology |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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| Transfer from Efficiency Maine Trust |
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FY 2015-16 |
FY 2016-17 |
Projections FY 2017-18 |
Projections FY 2018-19 |
| Transfers |
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Other Special Revenue Funds |
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$0 |
$2,000,000 |
$2,000,000 |
$2,000,000 |
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| Fiscal Detail
and Notes |
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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. |
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