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Sen. Donovan Fenton introduces bill to let towns reinvest community power revenues via revolving funds
Summary
Sen. Donovan Fenton introduced SB 590 to let municipalities with approved electric aggregation plans create revolving funds to reinvest non‑tax aggregation revenues into local energy services; an amendment (O056S) clarifying that no local tax funds may be used was adopted by the committee.
Senator Donovan Fenton introduced Senate Bill 590 to allow municipalities with approved electric aggregation plans to set up a revolving fund for reinvesting non‑tax revenues from community power programs into local energy services such as efficiency, weatherization, demand‑reduction programs and local energy projects.
"The goal of SB 90 is simple and practical, to give municipalities a clearer, more flexible way to reinvest non tax revenues from their electric aggregation programs back into local energy solutions,"…
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