125th MAINE LEGISLATURE
		LD 793		LR 1236(03)
	An Act To Protect Ratepayers While Enhancing Energy Independence and Security
	Fiscal Note for Bill as Engrossed with: C "A" (S-194)
	Committee: Energy, Utilities and Technology
Fiscal Note
Potential current biennium revenue decrease - Other Special Revenue Funds Minor cost increase - Other Special Revenue Funds
Fiscal Detail and Notes
	This bill requires Maine to withdraw from the Regional Greenhouse Gas Initiative (RGGI) if other states have withdrawn and the carbon dioxide emissions calendar year budget of the remaining states totals less than 35 million tons.  If this contingency were to occur and Maine withdrew from the RGGI, the Efficiency Maine Trust (EMT) would lose $8.5 million in revenue each fiscal year.  The recurring fiscal year revenue loss reflects $6.5 million in lost RGGI auction proceeds and $2 million in lost forward capacity market proceeds.  If this contingency does not occur and Maine does not withdraw from the RGGI, then this bill as amended will have no fiscal impact on the EMT.  Any additional costs to the Department of Environmental Protection incurred in connection with withdrawing Maine from the RGGI can be absorbed within existing budgeted resources.