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127th MAINE LEGISLATURE |
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LD 1398 |
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LR 1934(06) |
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An Act To Reduce
Electric Rates for Maine Businesses |
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Fiscal Note for
Bill as Engrossed with:
C "A" (S-422)
S "A" (S-471) to C "A" (S-422) |
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Committee: Energy, Utilities and Technology |
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| Fiscal Note |
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FY 2015-16 |
FY 2016-17 |
Projections FY 2017-18 |
Projections FY 2018-19 |
| Appropriations/Allocations |
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Other Special Revenue Funds |
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$0 |
$3,000,000 |
$3,000,000 |
$3,000,000 |
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| Revenue |
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Other Special Revenue Funds |
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$0 |
$3,000,000 |
$3,000,000 |
$3,000,000 |
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| Fiscal Detail
and Notes |
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The bill transfers
$3,000,000 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 bill provides a $3,000,000 Other Special Revenue Funds
allocation in fiscal year 2016-17 to the Public Utilities Commission (PUC) to
allow expenditure of money received from Efficiency Maine Trust for
disbursements to certain impacted customers. |
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