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CT SB00415
Bill
Status
3/8/2012
Primary Sponsor
Mary Mushinsky
Click for details
AI Summary
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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.
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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.
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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.
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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.
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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