OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 ↓ (860) 240-0200
AN ACT PROMOTING THE USE OF FUEL CELLS FOR ELECTRIC DISTRIBUTION SYSTEM BENEFITS AND RELIABILITY.
As Amended by House "A" (LCO 8528)
House Calendar No.: 315
Senate Calendar No.: 582
OFA Fiscal Note
State Impact: See Below
Municipal Impact: See Below
The bill requires the Office of Fiscal Analysis (OFA) to prepare a ratepayer impact statement for any bill before the General Assembly that would have a fiscal impact on electric ratepayers and prohibits the House or Senate from acting on a bill without a ratepayer impact statement, starting with the 2019 legislative session.
The statement must assess whether the bill would increase, decrease, or have no impact on the cost of electricity for the majority of Connecticut ratepayers. As OFA does not currently have expertise identifying ratepayer impacts, OFA will incur one-time costs, estimated to be less than $7,500 in FY 19, associated with training for all analysts.
The bill also allows certificates issued by the New England Power Pool Generation Information System, instead of requires them, to be sold provided the revenues are credited to all customers, or are retained by the electric distribution company for certain purposes, whichever is in the best interest of the customer.
Lastly, it allows certain reasonable costs to be recovered through certain electric charges. This is anticipated to minimally increase costs to ratepayers, including the state and municipalities as the amendment states that all reasonable costs incurred by DEEP associated with certain proposals must be recoverable through certain energy charges.
The bill makes other changes which are not anticipated to have a fiscal impact in either FY 18 or FY 19.
House “A” replaced the underlying bill with the provisions and impact described above.
The Out Years
The annualized ongoing fiscal impact would continue into the future subject to inflation.
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.