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131st MAINE LEGISLATURE |
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LD 509 |
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LR 1596(03) |
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An Act to Amend
the Net Energy Billing Laws to Direct Expiring Net Energy Billing Credits to
Provide Low-income Assistance |
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Fiscal Note for
Bill as Engrossed with:
C "A" (S-202) |
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Committee: Energy, Utilities and Technology |
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| Fiscal Note |
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| Current biennium revenue increase - Other Special Revenue
Funds |
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FY 2023-24 |
FY 2024-25 |
Projections FY 2025-26 |
Projections FY 2026-27 |
| Appropriations/Allocations |
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Other Special Revenue Funds |
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$500 |
$500 |
$500 |
$500 |
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| Fiscal Detail
and Notes |
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This bill directs
transmission and distribution utilities to remit the value of unused and
expired net energy billing credits to the Public Utilities Commission (PUC)
and that the credits be used for low-income assistance programs. Currently,
the PUC coordinates with the Maine State Housing Authority (MSHA) to
administer existing PUC low-income assistance programs. The PUC anticipates
that the new revenues from expired NEB credits will continue to be
transferred to the MSHA and expended within existing low-income assistance
programs. The bill includes ongoing Other Special Revenue Funds allocations
of $500 beginning in fiscal year 2023-24 to establish the PUC-Unused NEB
Credits for Low-Income Assistance program and account within the PUC to allow
for the deposit of unused NEB credits and the transfer of funds to the
MSHA. |
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