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House Energy committee advances S.138 draft, adds resiliency and water conservation to CPACE-style program and refers bill to Commerce
Summary
The House Committee on Energy and Digital Infrastructure reviewed draft amendments to S.138 to expand commercial-property assessed clean energy financing to include resiliency and water conservation projects, agreed to substitute CPACE Alliance appraisal language, and referred the bill to the House Commerce committee for economic review and administration planning.
The House Committee on Energy and Digital Infrastructure on Thursday completed a final walkthrough of S.138, a proposal to expand a CPACE-style financing program to include resiliency and water-conservation projects, and agreed to send the bill to the House Commerce committee for further work.
The committee chair opened the session saying the goal was "to do a final walk through of S 138" and to take a straw poll before transferring the economic elements to Commerce. Committee members raised questions about program design and financing, including whether the measure would duplicate services offered by Efficiency Vermont and how loan terms might affect local municipal finances.
Ellen, the drafter who presented draft 1.1, detailed several changes to the bill. She said the amendment clarifies eligible project types to include "renewable energy projects, energy efficiency projects, water conservation projects, and resiliency improvement projects," expands the definitions section for clarity and…
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