Bill > S0894

This bill removes a requirement that the Rhode Island Public Utilities Commission (PUC) annually allocate $5 million from demand-side management gas and electric funds to the Rhode Island Infrastructure Bank. Currently, the law mandates that effective January 1, 2022, the PUC must transfer this specific amount to the Infrastructure Bank for use in energy efficiency, renewable energy, clean transportation, clean heating, energy storage, or demand-side management project financing programs. By eliminating this provision, the bill gives the PUC more discretion in how these funds are allocated. The Infrastructure Bank would no longer be guaranteed this annual $5 million transfer, which could potentially impact its ability to fund energy-related infrastructure projects. The bill is straightforward in its intent to remove this specific funding allocation and would take effect immediately upon passage. The context suggests this is part of a broader set of reforms related to energy efficiency program funding and administration in Rhode Island.

Budget and Finance

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