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ME LD1358
Bill
Status
5/29/2025
Primary Sponsor
William Faulkingham
Click for details
AI Summary
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Removes the prohibition preventing affiliates of investor-owned transmission and distribution utilities from owning generation assets that are directly interconnected to the utility's facilities
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Eliminates the restriction that barred affiliate-owned generation assets from participating in long-term contracts under Title 35-A if they lacked commission-approved contracts as of July 1, 2017
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Maintains Public Utilities Commission oversight through required standards of conduct governing relationships between utilities and their generation-owning affiliates
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Preserves ratepayer protections, including rules ensuring affiliate separation and independence, and prohibiting utilities from unfairly favoring affiliates over competitors
Legislative Description
An Act to Reduce Electricity Rates by Removing Limitations on the Ownership of Generation by an Affiliate of an Investor-owned Transmission and Distribution Utility
Electric Utilities
Last Action
Placed in Legislative Files (DEAD)
5/29/2025