Connecticut Senate Bill SB00273

Connecticut 2011 Regular Session

• Introduced: 1/20/11
• Refer: 1/20/11

Caption

An Act Concerning The Securitization Of Electric Energy Surcharges.

Impact

If passed, SB00273 would lead to significant changes in how electric energy surcharges are managed in the state. By repealing the securitization provisions, the bill aims to prevent future charges from being utilized to offset general fund expenditures or deficits. This could result in more transparent billing practices for rate payers, as they would no longer have to bear the costs associated with securitized energy charges.

Summary

SB00273 is a legislative proposal aimed at addressing the securitization of electric energy surcharges. The bill's primary focus is to repeal the existing provisions regarding the securitization of competitive transition assessment charges as specified in public act 10-179. The intent behind this legislation is to put a stop to leveraging future surcharges on electric rate payers to cover these costs associated with economic recovery revenue bonds. This change seeks to safeguard consumers from additional financial burdens related to energy charges imposed by the state.

Contention

The bill has sparked discussions regarding the financial implications for electric rate payers and the viability of the state's energy policies. Proponents argue that repealing the securitization of energy surcharges will protect consumers and ensure that funds collected from electric rates are utilized more efficiently. On the other hand, opponents may raise concerns about whether such a prohibition could hinder the state's ability to address budget deficits or manage investments in energy infrastructure.