This bill proposes creations of a tradable credit program, under rules to be established by the Department of Environmental Protection, that will be administered by a new quasi-governmental agency created in this bill, the Energy Management Authority of Maine, with authority to aggregate the credits earned as a result of energy efficiency programs targeted at electric consumers or resulting from the purchases of electricity at state agency facilities or on behalf of low-income customers enrolled in the Low-Income Home Energy Assistance Program. The bill also directs the Energy Management Authority of Maine to undertake the statewide planning, management and coordination of all energy efficiency services that are paid for in the rates of transmission and distribution customers. Finally, the Energy Management Authority of Maine is directed to undertake the development of a state strategy for pursuing other energy efficiency opportunities that arise as a result of electric industry restructuring and to receive the advice of the 15-member board of stakeholders, citizen advisors and industry representatives. Authorization for these activities is repealed in July 2007 unless renewed by the Legislature.