OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 ↓ (860) 240-0200
April 30, 2013
To Fiscal Note on
sSB-1138, File No. 120
AN ACT CONCERNING CONNECTICUT'S CLEAN ENERGY GOALS.
The following is provided as additional information and does not alter the fiscal note to sSB 1138, File No. 120
The bill modifies the renewable portfolio standard (RPS) that electric utilities and suppliers must achieve. These modifications include expanded types of hydropower and biogas resources that count as Class I resources as well as create a new class that includes certain large-scale hydropower resources. It is anticipated that expanding the resources that count as a Class I resource and creating a new class would result in a savings to ratepayers, including the state and municipalities.
The bill also allows the commissioner of the Department of Energy and Environmental Protection (DEEP) to solicit proposals and enter into long-term agreements with certain renewable energy source providers for energy, capacity, and environmental attributes, subject to the Public Utility Review Authority (PURA) review and approval. It is anticipated that this will result in a short term savings to the state as it is expected that the rates would be less than the current market value. The costs associated with a PURA review are anticipated to be minimal. These costs are required to be recovered through a reconciling component on electric rates, including the state and municipalities.