LD 1778 LR 775(02)
An Act to Ensure a Sustainable Electric Grid
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Energy, Utilities and Technology
Fiscal Note Required: Yes
Fiscal Note
Transfer of Funds from Efficiency Maine Trust 
FY 2023-24 FY 2024-25 Projections  FY 2025-26 Projections  FY 2026-27
Other Special Revenue Funds $3,000,000 $3,000,000 $3,000,000 $3,000,000
Other Special Revenue Funds $0 $0 $0 $0
Fiscal Detail and Notes
This bill sets a ceiling on energy efficiency spending from the Regional Greenhouse Gas Initiative Trust Fund (RGGI) proceeds and directs the Efficiency Maine Trust (EMT) to transfer any RGGI revenue received in excess of the limit to the Public Utilities Commission (PUC) to be distributed to affected customers, Maine-based energy-intensive businesses and electric ratepayers. The ceiling and required transfer would limit the funding available for other programs within EMT. The bill includes allocations of $3,000,000 to the PUC beginning in the fiscal year 2023-24 to allow for the disbursement of the funding transferred to qualifying customers.