128th MAINE LEGISLATURE
LD 1313 LR 152(03)
An Act To Establish Energy Policy in Maine
Fiscal Note for Bill as Engrossed with:
C "A" (H-429)
Committee: Energy, Utilities and Technology
             
Fiscal Note
Transfer from Efficiency Maine Trust
FY 2017-18 FY 2018-19 Projections  FY 2019-20 Projections  FY 2020-21
Transfers
Other Special Revenue Funds ($500,000) ($500,000) $1,000,000 $0
Fiscal Detail and Notes
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.