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CT SB01171

Bill

Official Source

Status

Introduced

3/2/2023

Primary Sponsor

Energy and Technology Committee

Click for details

Origin

Senate

2023 General Assembly

AI Summary

  • Commissioner of Energy and Environmental Protection must conduct a study on hedging strategies to mitigate petroleum shortage risks in Connecticut

  • Study must examine legislation needed to enable state participation in petroleum markets to prevent shortages

  • Study must identify methods for the state to hedge and ensure adequate petroleum supply for residential home heating and power plant electricity generation

  • Commissioner must report study results to the Energy and Technology Committee by February 1, 2024

  • Effective upon passage; received Joint Favorable report from Energy and Technology Committee

Legislative Description

An Act Concerning Petroleum Storage Levels.

Last Action

File Number 395

4/3/2023

Committee Referrals

Energy and Technology3/2/2023

Full Bill Text

No bill text available