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130th MAINE LEGISLATURE |
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LD 597 |
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LR 1221(02) |
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An Act To
Establish the Wood Energy Investment Program |
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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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Current biennium revenue increase - Efficiency Maine Trust
Current biennium revenue decrease - Other Special Revenue Funds |
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| Fiscal Detail
and Notes |
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This bill directs
the Efficiency Maine Trust (EMT) to establish the Thermal Energy Investment
Program and creates the Thermal Energy Investment Fund (TEIF) within the
trust. The bill directs that
alternative compliance payments made by competitive energy providers to the
Public Utilities Commission (PUC) be deposited into the newly created TEIF
within the EMT. The EMT may use the
funds to provide incentives and low-interest or no-interest loans for new
thermal energy or cogeneration projects.
The distribution of alternative compliance payments to the EMT will
result in an Other Special Revenue Funds revenue decrease to the PUC. |
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Additional costs
to the Finance Authority of Maine to consult with the EMT in the development
of any program incentives and the distribution of money from the fund can be
absorbed within existing budgeted resources. |
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