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CT SB00415

Bill

Status

Introduced

3/8/2012

Primary Sponsor

Mary Mushinsky

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Origin

Senate

2012 General Assembly

AI Summary

  • Establishes the Connecticut Clean Energy Authority as an independent public instrumentality with authority to finance clean energy projects and issue bonds secured by the Clean Energy Fund, replacing the prior arrangement within Connecticut Innovations, Incorporated.

  • Creates a Commercial Property Assessed Clean Energy (C-PACE) program allowing municipalities to finance energy improvements on commercial properties through benefit assessments on property tax bills, with cost-effectiveness requirements and borrowing authority.

  • Transfers procurement and rate-making authority from the Department of Energy and Environmental Protection to the Public Utilities Regulatory Authority for electricity contracts, resource plans, and related regulatory functions.

  • Authorizes municipalities to establish residential and commercial property assessed clean energy programs with state bonding authority, enabling property owners to finance energy efficiency improvements through long-term assessment liens.

  • Requires the Public Utilities Regulatory Authority to initiate a docket on water conservation measures and increases the Water Infrastructure Charge (WICA) maximum adjustment from 7.5% to 10% of annual retail water revenues between general rate cases.

Legislative Description

An Act Concerning The Operations Of The Department Of Energy And Environmental Protection, The Establishment Of A Commercial Property Assessed Clean Energy Program, Water Conservation And The Operations Of The Clean Energy Finance And Investment Authority.

Last Action

Favorable Report, Tabled for the Calendar, Senate

5/4/2012

Committee Referrals

Planning and Development5/1/2012
Finance, Revenue and Bonding4/24/2012
Energy and Technology3/8/2012

Full Bill Text

No bill text available