CT SB01157

Requires the Comptroller's May 2011 financial statement to exclude reductions to the economic recovery transfer and specify that any General Fund surplus was calculated without accounting for such reductions.

Modifies the economic recovery transfer definition to reduce it by the estimated General Fund surplus as of June 30, 2011, as reflected in the Comptroller's May cumulative monthly financial statement.

Removes language requiring economic recovery revenue bonds to be offset by decreases to charges funding the Energy Conservation and Load Management Fund.

Reduces the conservation and load management charge assessed to electricity customers by 35 percent effective April 4, 2012, unless the economic recovery transfer is reduced by $166.6 million or more due to General Fund surplus.

Authorizes the finance authority to structure economic recovery revenue bonds without further proceedings before the department, using the financing order and statutory provisions.