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CT SB00275
Bill
Status
Introduced
3/3/2022
Primary Sponsor
Energy and Technology Committee
Click for details
AI Summary
- Authorizes the Public Utilities Regulatory Authority to approve economic development rates for new or existing commercial and industrial customers, effective October 1, 2022
- Economic development rates structured as a fixed utility bill credit of two cents per kilowatt hour, granted for an initial five-year period with option for additional five-year renewals
- Requires customers receiving the rate to maintain at least 90 percent of their historic three-year average capital investment in the state annually and commit not to relocate operations outside the state during the agreement period
- Mandates that if the authority approves economic development rates for new customers relocating to the state, existing state customers meeting the same eligibility requirements must be offered equivalent agreements
- Prohibits the authority from approving economic development rates for any customers except as authorized by this section
Legislative Description
An Act Concerning Economic Development Tariffs.
Last Action
Public Hearing 03/08
3/4/2022
Committee Referrals
Energy and Technology3/3/2022
Full Bill Text
No bill text available