OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 ↓ (860) 240-0200
AN ACT CONCERNING IMPLEMENTATION OF CONNECTICUT'S COMPREHENSIVE ENERGY STRATEGY.
LCO No.: 5943
File Copy No.: 427
House Calendar No.: 280
OFA Fiscal Note
The amendment 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.
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.