OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
sHB-5356
AN ACT CONCERNING MODIFICATIONS TO THE RENEWABLE
PORTFOLIO STANDARD.
AMENDMENT
LCO No.: 4708
File Copy No.: 363
House Calendar No.: 238
Primary Analyst: TM 4/30/24
Contributing Analyst(s): (FN)
Reviewer: PR
OFA Fiscal Note
See Fiscal Note Details
The amendment imposes a ban on the construction or approval of
any pipeline that carries fossil fuels and resulting in no direct fiscal
impact to the state or municipalities.
Ratepayer Impact Statement
1
The amendment results in an indeterminate long term ratepayer
impact. The energy market typically significantly varies year-to-year,
and to the extent that prohibition shifts generation from a higher cost
source to a lower cost source it could result in savings, or costs in the
inverse. Due to the extensive construction and time required for the
creation of pipelines, there is a minimal potential impact on ratepayers
in the immediate future to the extent it halts existing pipeline
construction.
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.
1
The state and municipalities are ratepayers and therefore may be impacted by policy
changes that affect electric rates