121st Maine Legislature
Office of Fiscal and Program Review
LD 1261
An Act To Support Clean and Efficient Energy for the Future of Maine's Economy and Environment
LR 1317(03)
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Utilities and Energy
Fiscal Note Required: Yes
Minority Report
   
             
Fiscal Note
Projections Projections
2003-04 2004-05 2005-06 2006-07
Appropriations/Allocations
Other Special Revenue Funds $0 ($8,500,000) ($8,691,250) ($8,908,531)
Fiscal Detail and Notes
Repealing the Public Utilities Commission's energy efficiency and low-income assistance programs will require Other Special Revenue deallocations of $8,500,000 in fiscal year 2004-05, $8,691,250 in fiscal year 2005-06 and $8,908,531 in fiscal year 2006-07.  These deallocations are due to the elimination of the Conservation Program Fund and Conservation Administrative Fund as required by this bill.   Costs associated with developing and implementing a plan to return unspent monies collected pursuant to these programs to ratepayers can be absorbed by the Public Utilities Commission utilizing existing budgeted resources.  The fiscal impact of repealing P&S 2001, Chapter 45, sections 1 and 2 can not be determined at this time.