§ 35-A §1907 — Revenues from energy cost reduction contracts and physical energy storage contracts

Maine § 35-A §1907

• Jurisdiction: Maine
• Title 35-A: PUBLIC UTILITIES
• Part 1: PUBLIC UTILITIES COMMISSION
• Ch. 19: THE MAINE ENERGY COST REDUCTION ACT

Text

Revenues received from the resale of natural gas pipeline capacity acquired through an energy cost reduction contract or physical energy storage capacity acquired through a physical energy storage contract must be used in accordance with this section.
1.
Establishment of Energy Cost Reduction Trust Fund.
The Energy Cost Reduction Trust Fund is established as a nonlapsing fund administered by the commission for the purposes of this chapter. The commission is authorized to receive and shall deposit in the trust fund and expend in accordance with this section revenues received from an energy cost reduction contract and revenues received from the resale of natural gas pipeline capacity acquired through an energy cost reduction contract. The commission is authorized to receive and shall deposit in the trust fund and expend in accordance with this section revenues received from a physical energy storage contract and revenues received from the resale of physical energy storage capacity acquired through a physical energy storage contract.
2.
Distribution of funds.
The commission shall distribute funds in the trust fund in the following order of priority:

Legislative History

PL 2013, c. 369, Pt. B, §1 (NEW). PL 2015, c. 445, §6 (AMD).