SB01560: An Act Concerning Connecticut's Economy, Electricity Affordability And Business Competitiveness And Establishing The Connecticut Energy Procurement Authority And The Green Bond Fund.

Legislative Summary

To (1) establish the Connecticut Energy Procurement Authority; (2) establish the Electric Rate Stabilization Fund; (3) redefine "Class I renewable energy source" to include electricity generated from any nuclear power generating facility in the state; (4) require the Public Utilities Regulatory Authority to incorporate time-of-use components into electric rates; (5) establish the Energy Infrastructure Transition Fund; (6) allow for electric distribution companies to issue securities concerning certain storm remediation costs; and (7) authorize bonds of the state to fund the Green Bond Fund.