OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

sSB-1131

AN ACT CONCERNING RENEWABLE ENERGY AND WEATHERIZATION.

OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 10 $

FY 11 $

Various

All Funds - Savings

Potential

Potential

Energy Conservation and Load Management Fund

Energy Efficiency Fund - Revenue Gain

Potential

Potential

Municipal Impact:

Municipalities

Effect

FY 10 $

FY 11 $

Various Municipalities

Savings

Potential

Potential

Explanation

This bill allows each electric distribution company to implement a green community pilot program in one municipality in its service territory. This bill also establishes an energy efficiency improvement program between municipal or state electric customers and an electric distribution company. These programs could result in a potential savings to the state or municipality chosen to be a part of the program.

This bill requires electric companies to implement a tiered distribution charge for residential customers. The bill requires that any additional money produced by this system be transferred to the Conservation and Load Management Fund to be used to install solar thermal hot water systems.

It is anticipated that the Office of Policy and Management can develop a plan to use federal stimulus funds to develop a weatherization program as prescribed by the bill within the agency's normal budgetary resources.

The Out Years

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