Connecticut Seal

General Assembly

Amendment

 

January Session, 2017

LCO No. 8582

   
 

*SB0086108582SDO*

Offered by:

 

SEN. WINFIELD, 10th Dist.

REP. ROSARIO, 128th Dist.

 

To: Subst. Senate Bill No. 861

File No. 341

Cal. No. 179

"AN ACT CONCERNING RATEPAYER IMPACT STATEMENTS. "

After the last section, add the following and renumber sections and internal references accordingly:

"Sec. 501. Subsection (d) of section 16a-3j of the general statutes is repealed and the following is substituted in lieu thereof (Effective from passage):

(d) In any solicitation for natural gas resources issued pursuant to this subsection, the commissioner shall seek proposals for (1) [interstate natural gas transportation capacity, (2)] liquefied natural gas, [(3)] (2) liquefied natural gas storage, and [(4)] (3) natural gas storage, or a combination of any such resources, provided such proposals provide incremental capacity, gas, or storage that has a firm delivery capability to transport natural gas to natural gas-fired generating facilities located in the control area of the regional independent system operator. No solicitation for natural gas resources issued pursuant to this subsection shall seek proposals for interstate natural gas transportation capacity. The Commissioner of Energy and Environmental Protection shall not proceed with any solicitation for interstate natural gas transportation capacity that was issued before the effective date of this section. Proposals under this subsection shall not have a contract term exceeding a period of twenty years.

Sec. 502. Subsection (g) of section 16a-3j of the general statutes is repealed and the following is substituted in lieu thereof (Effective from passage):

(g) If the commissioner finds proposals received pursuant to this section to be in the best interest of electric ratepayers, in accordance with the provisions of subsection (e) of this section, the commissioner may select any such proposal or proposals, provided the total capacity of the resources selected under all solicitations issued pursuant to this section in the aggregate do not exceed three hundred seventy-five million cubic feet per day of natural gas capacity, or the equivalent megawatts of electricity, electric demand reduction or combination thereof. Any proposals selected pursuant to subsections (b) and (c) of this section shall not, in the aggregate, exceed ten per cent of the load distributed by the state's electric distribution companies. The commissioner may, on behalf of all customers of electric distribution companies, direct the electric distribution companies to enter into long-term contracts for passive demand response measures, electricity, electric capacity, environmental attributes, energy storage, [interstate natural gas transportation capacity,] liquefied natural gas, liquefied natural gas storage, and natural gas storage, or any combination thereof, from proposals submitted pursuant to this section, provided the benefits of such contracts to customers of electric distribution companies outweigh the costs to such companies' customers.

Sec. 503. Subsection (h) of section 16a-3j of the general statutes is repealed and the following is substituted in lieu thereof (Effective from passage):

(h) Any agreement entered into pursuant to this section shall be subject to review and approval by the Public Utilities Regulatory Authority. The electric distribution company shall file an application for the approval of any such agreement with the authority. The authority shall approve such agreement if it is cost effective and in the best interest of electric ratepayers. The authority shall issue a decision not later than ninety days after such filing. If the authority does not issue a decision within ninety days after such filing, the agreement shall be deemed approved. The net costs of any such agreement, including costs incurred by the electric distribution company under the agreement and reasonable costs incurred by the electric distribution company in connection with the agreement, shall be recovered on a timely basis through a fully reconciling component of electric rates for all customers of the electric distribution company. Any net revenues from the sale of products purchased in accordance with long-term contracts entered into pursuant to this section shall be credited to customers through the same fully reconciling rate component for all customers of the contracting electric distribution company. For any contract for [interstate natural gas transportation capacity,] liquefied natural gas, liquefied natural gas storage or natural gas storage entered into pursuant to this section, the electric distribution company may contract with a gas supply manager to sell such [interstate natural gas transportation capacity,] liquefied natural gas, liquefied natural gas storage or natural gas storage, or a combination thereof, into the wholesale markets at the best available price in a manner that meets all applicable requirements pursuant to all applicable regulations of the Federal Energy Regulatory Commission. "

This act shall take effect as follows and shall amend the following sections:

Sec. 501

from passage

16a-3j(d)

Sec. 502

from passage

16a-3j(g)

Sec. 503

from passage

16a-3j(h)