CT HB05349

Electric distribution companies may submit proposals to the Department of Energy and Environmental Protection to own solar power generation facilities on company property up to an aggregate of 50 megawatts from July 1, 2020 to July 1, 2024.

Individual solar facilities must be greater than 1 megawatt but not exceed the total megawatts allocated to each company, which is capped at that company's proportional share of the state's total distribution system load as of July 1, 2020.

The Department of Energy and Environmental Protection shall evaluate proposals under existing statutory standards and may approve them if they serve the long-term interest of ratepayers.

Electric distribution companies must sell all power, capacity, and related products from these facilities into applicable markets or through bilateral contracts, with net proceeds recoverable from all customers through a fully reconciling nonbypassable rate component.

The Public Utilities Regulatory Authority may authorize recovery of prudently incurred costs and investments through a fully reconciling rate component until the company's next rate case, when costs shall be recovered through base distribution rates.