OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 ↓ (860) 240-0200

http: //www. cga. ct. gov/ofa

sSB-102

AN ACT CONCERNING RENEWABLE ENERGY RESOURCES ELIGIBLE FOR ASSISTANCE FROM THE RENEWABLE ENERGY INVESTMENT FUND.

OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 12 $

FY 13 $

Connecticut Innovations, Inc

CCEF - Cost

See Below

See Below

Note: GF=General Fund

Municipal Impact: None

Explanation

The bill allows for the development of energy systems that use waste heat recovered from a public sewage treatment plant to be funded in part by the Renewable Energy Investment Fund (Connecticut Clean Energy Fund – CCEF). CCEF, a non-appropriated account, generates over $30 million annually through a ratepayer surcharge of one mil per kilowatt hour. Any additional requirements made on CCEF will decrease the amount of funds available for other programs.

The Out Years

The annualized ongoing fiscal impact identified above would continue into the future subject to inflation.