OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
SB-10
AN ACT CONCERNING CLIMATE CHANGE MITIGATION.
Primary Analyst: MR 4/4/22
Contributing Analyst(s): MM
OFA Fiscal Note
State Impact: None
Municipal Impact: None
Explanation
The bill requires the state to eliminate greenhouse gas emissions from
electricity supplied to electric customers, by January 1, 2040.
Additionally, the bill requires the state to reduce greenhouse gas
emissions from electricity supplied to electric customers in the state to
zero percent by January 1, 2040. This is not anticipated to result in a cost
to the state and municipalities as ratepayers in either FY 23 or FY 24.
The Out Years
The annualized ongoing fiscal impact described above would
continue into the outyears subject to inflation.
The net effects of future policies and technological advancements is
unknown, and thus the ratepayer impact of the bill’s requirement to
eliminate greenhouse gas emissions from electricity supplied to electric
customers in Connecticut by January 1, 2040, is indeterminate.