OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
sHB-6526
AN ACT CONCERNING ELECTRIC SUPPLIERS.
As Amended by House "A" (LCO 8034)
House Calendar No.: 157
Primary Analyst: AN 5/7/21
Contributing Analyst(s):
OFA Fiscal Note
State Impact:
Agency Affected Fund-Effect FY 22 $ FY 23 $
Resources of the General Fund GF - Potential
Revenue Loss
See Below See Below
Note: GF=General Fund
Municipal Impact: None
Explanation
There is a potential revenue loss to the General Fund resulting from
the bill as amended, which makes various regulatory changes to
electric suppliers operating in the state.
The bill as amended permits the Public Utilities Regulatory
Authority (PURA) to redirect civil penalties paid by electric suppliers
to nonprofits as restitution. There is a revenue loss equal to any
proceeds redirected from the General Fund. Based on data provided
by PURA, recent penalties assessed to electric supply companies have
ranged from $60,500 to $5 million.
House "A" prohibits electric suppliers from charging a variable rate
for electric generation to residential customers, makes clarifying
changes, and does not result in a fiscal impact.
The Out Years
The annualized ongoing fiscal impact identified above would 2021HB-06526-R010677-FN.DOCX Page 2 of 2
continue into the future subject to the amount in penalties redirected to
nonprofits.