General Assembly Raised Bill No. 6404
January Session, 2011 LCO No. 3292
*03292_______ET_*
Referred to Committee on Energy and Technology
Introduced by:
(ET)
General Assembly
Raised Bill No. 6404
January Session, 2011
LCO No. 3292
*03292_______ET_*
Referred to Committee on Energy and Technology
Introduced by:
(ET)
AN ACT CONCERNING TECHNICAL REVISIONS TO VARIOUS ENERGY STATUTES.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. Section 7-233z of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2011):
(a) A municipal electric energy cooperative, created pursuant to this chapter, shall submit a comprehensive report on the activities of the municipal electric utilities with regard to promotion of renewable energy resources. Such report shall identify the standards and activities of municipal electric utilities in the promotion, encouragement and expansion of the deployment and use of renewable energy sources within the service areas of the municipal electric utilities for the prior calendar year. The cooperative shall submit the report to the Renewable Energy [Investment Advisory Committee] Investments Board established pursuant to section 16-245n, as amended by this act, not later than ninety days after the end of each calendar year that describes the activities undertaken pursuant to this subsection during the previous calendar year for the promotion and development of renewable energy sources for all electric customer classes.
(b) Such cooperative shall develop standards for the promotion of renewable resources that apply to each municipal electric utility. On or before January 1, 2008, and annually thereafter, such cooperative shall submit such standards to the Renewable Energy [Investment Advisory Committee] Investments Board.
Sec. 2. Subsection (c) of section 16-245n of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2011):
(c) There is hereby created a Renewable Energy Investment Fund which shall be within Connecticut Innovations, Incorporated for administrative purposes only. The fund may receive any amount required by law to be deposited into the fund and may receive any federal funds as may become available to the state for renewable energy investments. Upon authorization of the Renewable Energy Investments Board established pursuant to subsection (d) of this section, Connecticut Innovations, Incorporated, may use any amount in said fund for expenditures that promote investment in renewable energy sources in accordance with a comprehensive plan developed by [it] the Renewable Energy Investments Board to foster the growth, development and commercialization of renewable energy sources, related enterprises and stimulate demand for renewable energy and deployment of renewable energy sources that serve end use customers in this state and for the further purpose of supporting operational demonstration projects for advanced technologies that reduce energy use from traditional sources. Such expenditures may include, but not be limited to, reimbursement for services provided by the administrator of the fund including a management fee, disbursements from the fund to develop and carry out the plan developed pursuant to subsection (d) of this section, grants, direct or equity investments, contracts or other actions which support research, development, manufacture, commercialization, deployment and installation of renewable energy technologies, and actions which expand the expertise of individuals, businesses and lending institutions with regard to renewable energy technologies.
This act shall take effect as follows and shall amend the following sections:
Section 1 October 1, 2011 7-233z
Sec. 2 October 1, 2011 16-245n(c)
This act shall take effect as follows and shall amend the following sections:
Section 1
October 1, 2011
7-233z
Sec. 2
October 1, 2011
16-245n(c)
Statement of Purpose:
To make technical corrections to the energy statutes.
[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]