Connecticut Senate Bill SB01157

Connecticut 2011 Regular Session

• Introduced: 3/9/11
• Refer: 3/9/11
• Report Pass: 4/18/11
• Refer: 4/20/11
• Report Pass: 4/21/11
• Engrossed: 5/11/11
• Report Pass: 5/12/11

Caption

An Act Concerning The Restoration Of The Energy Conservation And Load Management Fund.

Impact

The impact of SB01157 on state laws is significant as it directly revises existing statutes regarding funding for energy conservation and load management. By changing the structure and disbursement of economic recovery revenue bonds, the bill is poised to influence the allocation of resources to energy efficiency frameworks. This change underlines a legislative emphasis on maintaining robust support for conservation initiatives, which can also lead to long-term economic benefits through reduced utility costs and improved environmental outcomes.

Summary

SB01157 is an act concerning the restoration of the Energy Conservation and Load Management Fund. This bill seeks to enhance the funding mechanisms for energy conservation initiatives and load management programs in the state. It proposes alterations to how economic recovery transfers are calculated and disbursed from revenue bonds, aimed at ensuring sufficient funding for ongoing conservation efforts and stabilizing related revenue streams from electric distribution companies. The act appears oriented towards bolstering the financial support for energy efficiency programs vital for both environmental and economic reasons.

Sentiment

The sentiment around SB01157 reflects a generally positive view among proponents who see this bill as critical for sustainable energy practices and economic revitalization. Advocacy groups and environmental organizations are likely to support the bill for its focus on enhancing conservation funding, while there may be apprehension regarding potential funding shortfalls or adjustments required by electric distribution companies. Nonetheless, a clear intent emerges from discussions to prioritize energy sustainability and public benefit.

Contention

Notable points of contention related to SB01157 include potential disagreements over the adequacy of funding levels for the Energy Conservation and Load Management Fund and how changes to the economic recovery transfer might affect various stakeholders. There could be discussions about the balance between efficient management of resources while ensuring that programs remain accessible and effective. Concerns may arise regarding how alterations to revenue bonds could influence current contractual obligations or financial health of electric distribution companies, signaling a complex landscape for stakeholder interests.