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CT HB06523
Bill
Status
2/25/2021
Primary Sponsor
Energy and Technology Committee
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AI Summary
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Increases the annual cap on virtual net metering credits from $20 million to $30 million per year, apportioned to electric distribution companies based on consumer load
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Designates at least $10 million per year of the $30 million cap specifically for manufacturers located in distressed municipalities as defined in section 32-9p
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Requires manufacturers seeking these credits to submit an anticipated plan to the electric distribution company showing how they will utilize any energy savings from the credits
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Maintains the existing 40% limit on credits that municipal, state, and agricultural customer hosts may receive in aggregate
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Effective date: July 1, 2021
Legislative Description
An Act Concerning Virtual Net Metering Credits For Manufacturers In Distressed Municipalities.
Last Action
File Number 269
4/6/2021