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128th MAINE LEGISLATURE |
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LD 1313 |
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LR 152(03) |
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An Act To
Establish Energy Policy in Maine |
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Fiscal Note for
Bill as Engrossed with:
C "A" (H-429) |
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Committee: Energy, Utilities and Technology |
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Fiscal Note |
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Transfer from Efficiency Maine Trust |
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FY 2017-18 |
FY 2018-19 |
Projections FY 2019-20 |
Projections FY 2020-21 |
Transfers |
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Other Special Revenue Funds |
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($500,000) |
($500,000) |
$1,000,000 |
$0 |
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Fiscal Detail
and Notes |
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Under current law
$3,000,000 is scheduled for transfer from the Regional Greenhouse Gas
Initiative Trust Fund (RGGI) to the Public Utilities Commission in fiscal
years 2017-18 and 2018-19. This bill
reduces those transfers by $500,000 to $2,500,000 in both fiscal years and
adds a transfer of $1,000,000 in fiscal year 2019-20. This bill also gives the Efficiency Maine
Trust discretion in fiscal years 2017-18 through 2019-20 to set the ratio of
expenditures between residential programs and commercial and industrial
programs instead of a set percentage. The bill also limits the natural gas
conservation assessment on large-volume manufacturers to the first 1 million
centum cubic feet of annual usage. While this change will decrease revenue to
the Trust from this assessment, the total assessment will still be sufficient
for its intended purpose. |
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