OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
sSB-952
AN ACT CONCERNING ENERGY STORAGE.
As Amended by Senate "A" (LCO 7906)
House Calendar No.: 534
Senate Calendar No.: 182
Primary Analyst: AN 5/21/21
Contributing Analyst(s):
OFA Fiscal Note
State Impact: None
Municipal Impact: None
Explanation
There is no fiscal impact resulting from the bill as amended, which
requires the Public Utilities Regulatory Authority (PURA) to design
and implement programs related to electric energy storage. The bill as
amended requires PURA to create a funding mechanism for such
programs. It is anticipated that any such funding mechanism will fall
outside of state resources, such as through the ratemaking mechanism
for electric utilities or financing programs through the Connecticut
Green Bank.
While the bill as amended requires that PURA consider the best
interests of ratepayers for selecting related projects, the bill permits
utilities to recover all prudent costs from ratepayers from costs
associated with such storage projects. To the extent that costs are
recovered, there may be an adverse impact on ratepayers.
Senate "A" eliminates a reporting requirement for municipal
utilities, makes certain hydropower facilities eligible for energy
projects in the underlying bill, and has no fiscal impact.
2021SB-00952-R01-FN.DOCX Page 2 of 2
The Out Years
State Impact: None
Municipal Impact: None
The preceding Fiscal Impact statement is prepared for the benefit of the members of the General Assembly,
solely for the purposes of information, summarization and explanation and does not represent the intent of the
General Assembly or either chamber thereof for any purpose. In general, fiscal impacts are based upon a variety
of informational sources, including the analyst’s professional knowledge. Whenever applicable, agency data is
consulted as part of the analysis, however final products do not necessarily reflect an assessment from any
specific department.