Bill > LD839

This bill establishes the Net Energy Billing Cost Stabilization Fund, a dedicated account managed by the Public Utilities Commission, to help offset costs for electricity customers (ratepayers) that arise from the net energy billing program, which allows customers with renewable energy systems to receive credit for excess electricity sent back to the grid. The fund can receive money from federal grants, legislative appropriations, and other public or private sources, and will be used to reimburse utility companies for costs they incur due to this program that would otherwise be passed on to ratepayers. The commission is authorized to create rules for the fund's operation and must report annually to the legislature on its activities, including reimbursement amounts and fund sources, if any reimbursements were made in the previous year. The bill also includes a one-time appropriation of $500 from the General Fund to the commission for the fund's purposes.

Transportation and Infrastructure

https://legislature.maine.gov/legis/bills/display_ps.asp?LD=839&snum=132