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CT HB05922
Bill
Status
1/22/2025
Primary Sponsor
Martin Foncello
Click for details
AI Summary
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Prohibits the Commissioner of Energy and Environmental Protection and electric distribution companies from entering power purchase agreements that exceed 150% above the wholesale electricity price, calculated using either the preceding 12-month average rate or the projected market rate for the subsequent 12-month period
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Requires the Commissioner of Energy and Environmental Protection to conduct joint solicitations with two or more other states for any clean energy project with capacity exceeding 20 megawatts
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Applies to Connecticut's general statutes governing electricity procurement and clean energy development
Legislative Description
An Act Prohibiting Certain Power Purchase Agreements Based On Wholesale Prices And Requiring Joint Solicitations For Certain Clean Energy Projects.
Last Action
Referred to Joint Committee on Energy and Technology
1/22/2025