OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

sSB-573

AN ACT CONCERNING VARIABLE ELECTRIC RATES.

AMENDMENT

LCO No.: 7784

File Copy No.: 549

Senate Calendar No.: 312


OFA Fiscal Note

NO FISCAL IMPACT

The amendment strikes the underlining bill and its associated fiscal impact.

The amendment prevents electric suppliers from entering into or automatically renewing a contract to charge a residential customer a variable rate for electric generation services. The amendment also requires the Public Utilities Regulatory Authority (PURA) to develop recommendations and guidance regarding what generation services rate structure and rate increase is just and reasonable for customers who allow a fixed contract with an electric supplier to expire and begin paying a month-to-month rate. The amendment has no fiscal impact.

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.