LD 425 LR 1959(01)
An Act To Stimulate Demand for Renewable Resources
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Sen. Rosen of Hancock
Committee: Energy, Utilities and Technology
Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
Minor cost increase - Other Special Revenue Funds
Fiscal Detail and Notes
Establishing a 3.5% portfolio requirement for electricity from waste energy resources and allowing competitive electricity providers to meet the requirement with renewable energy credits or an alternative compliance payment to be set by the Public Utilities Commission (PUC) will result in minor costs which can be absorbed by the PUC within existing budgeted resources.