Bill > H6005

This bill removes the requirement that the Rhode Island Public Utilities Commission (PUC) allocate $5 million annually from demand-side management gas and electric funds to the Rhode Island Infrastructure Bank. Previously, this section of law mandated that starting January 1, 2022, the PUC would transfer $5 million each year to the Infrastructure Bank, which could use these funds for various energy-related projects including energy efficiency, renewable energy, clean transportation, clean heating, energy storage, and demand-side management financing programs. The bill eliminates this specific funding allocation, effectively giving the PUC more flexibility in how it distributes demand-side management funds. The deletion of this provision means the Infrastructure Bank will no longer be guaranteed this annual $5 million transfer, though it does not prevent potential future funding through other means. The bill will take effect immediately upon passage, as specified in Section 2 of the document.

Budget and Finance

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