129th MAINE LEGISLATURE
		LD 754		LR 1493(01)
	An Act To Ensure the Regional Greenhouse Gas Initiative Trust Fund Continues To Promote Energy Efficiency and Benefit Maine Ratepayers
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. Wadsworth of Hiram
	Committee: Energy, Utilities and Technology
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
			FY 2019-20	FY 2020-21	Projections  FY 2021-22	Projections  FY 2022-23
Appropriations/Allocations
	Other Special Revenue Funds		$0	$3,470,548	$1,639,519	$1,639,519
Revenue
	Other Special Revenue Funds		$1,767,282	$1,703,266	$1,639,519	$1,639,519
Fiscal Detail and Notes
	This bill would establish a limit on energy efficiency spending from the Regional Greenhouse Gas Initiative Trust Fund (RGGI), within the Efficiency Maine Trust (EMT), of $5 per carbon dioxide allowance and would transfer revenue in excess of $5 per carbon dioxide allowance from the RGGI to the Public Utilities Commission (PUC) to be used for disbursements to affected customers, energy-intensive businesses and ratepayers. The EMT estimates that the excess revenue from the sale of carbon dioxide allowances will be $1,767,282 in fiscal year 2019-20 and $1,703,266 in fiscal year 2020-21. The PUC will require an Other Special Revenue Funds allocation of $3,470,548 in fiscal year 2020-21 to the PUC to allow expenditure of the money from EMT for disbursements to customers, business and ratepayers.