OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

sSB-570

AN ACT CONCERNING ELECTRIC FIXED BILL FEES AND GRID MODERNIZATION.

AMENDMENT

LCO No.: 9439

File Copy No.: 611

House Calendar No.: 686

Senate Calendar No.: 343


OFA Fiscal Note

NO FISCAL IMPACT

The amendment strikes Section 1 of the underlying bill as amended by Senate “A” and it's associated fiscal impact.

The amendment requires the Public Utilities Regulatory Authority (PURA) to adjust an electric distribution company's (EDCs) residential fixed charge to no more than $10 per monthly billing cycle the next time the EDC files a request to amend its rate schedule. It also requires EDCs residential fixed charge to be adjusted by not more than the annual increase to the Consumer Price Index for the previous year. As this only affects residential customers, it has no fiscal impact on the state or municipalities as ratepayers.

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.