OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 ↓ (860) 240-0200
AN ACT CONCERNING THE ESTABLISHMENT OF THE DEPARTMENT OF ENERGY AND ENVIRONMENTAL PROTECTION AND PLANNING FOR CONNECTICUT'S ENERGY FUTURE.
LCO No.: 8619
OFA Fiscal Note
The amendment strikes the underlying bill and modifies the impact of sections 15, 35, 107, 110, 120 and 127 in the fiscal note to the underlying bill.
Section 15 and 92 remove provisions regarding a Department of Energy and Environmental Protection procurement manager. As the amendment still contains other references to the procurement manager, there is no fiscal impact.
Section 35 requires that any unappropriated FY 11 surplus first be used to return to electric ratepayers the $40 million remitted to the General Fund between January 1, 2011 and June 30, 2011 under the provisions of PA 10-179. This precludes use of the $40 million for either of the two purposes currently authorized in the state constitution, including; (1) contribution to the Budget Reserve (Rainy Day) Fund, and (2) reduction of bonded indebtedness.
The amendment eliminates provisions of the underlying bill regarding low and zero emission programs. This eliminates any potential ratepayer impact.
Section 115 reduces the time frame in which a utility can not be shut off for specified customers. This reduces the potential ratepayer impact.
The amendment eliminates the provision of the bill which allows electric companies to build, own and operate renewable energy generating facilities.
The preceding Fiscal Impact statement is prepared for the benefit of the members of the General Assembly, solely for the purposes of information, summarization and explanation and does not represent the intent of the General Assembly or either chamber thereof for any purpose. In general, fiscal impacts are based upon a variety of informational sources, including the analyst's professional knowledge. Whenever applicable, agency data is consulted as part of the analysis, however final products do not necessarily reflect an assessment from any specific department.