Connecticut Seal

General Assembly

File No. 464

    January Session, 2011

Substitute Senate Bill No. 1176

Senate, April 7, 2011

The Committee on Energy and Technology reported through SEN. FONFARA of the 1st Dist., Chairperson of the Committee on the part of the Senate, that the substitute bill ought to pass.

This act shall take effect as follows and shall amend the following sections:

Section 1

July 1, 2011

New section

Sec. 2

from passage

16-245e(a)(19) and (20)

Sec. 3

July 1, 2011

16-245f(b)

Sec. 4

July 1, 2011

16-245h(b)

ET

Joint Favorable Subst.

 

Agency Affected

Fund-Effect

FY 12 $

FY 13 $

Department of Revenue Services

GF - Net Revenue Gain

334.3 million

338.4 million

Department of Revenue Services

GF - Cost

75,000

None

Municipalities

Effect

FY 12 $

FY 13 $

Various Municipalities

See Below

See Below

See Below

Sources:

United States Energy Information Administration

Yea

12

Nay

9

(03/22/2011)

TOP

1 The revenue gain from coal-fired generation pertains only to the months of January, February, June, July, and August.

2 In order to balance the FY 11 budget, $646.6 million was borrowed against future revenue from charges on the electric bills of CL&P and UI customers.