OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

sSB-106

AN ACT CONCERNING THE DIVERSITY OF BASELOAD ENERGY SUPPLIES IN THE STATE AND ACHIEVING CONNECTICUT'S GREENHOUSE GAS EMISSIONS MANDATED LEVELS.

AMENDMENT

LCO No.: 7776

File Copy No.: 468

Senate Calendar No.: 242


OFA Fiscal Note

State Impact: See Below

Municipal Impact: See Below

Explanation

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

The amendment may result in a cost of up to $2.0 million to the Department of Energy and Environmental Protection (DEEP) as it allows DEEP to hire consultants with expertise in quantitative modeling of electric markets and physical electric system modeling to assist in evaluating certain proposals. The costs for consultants would be recovered by a reconciling component of electric rates, as determined by PURA and as required by the bill. These costs would increase electric rates, including the rates the state and municipalities pay. Any resultant costs to the state and municipalities would be negligible.

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.