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Bill would let towns reinvest community power revenues in local energy projects, proponents say
Summary
Senate Bill 590 would let municipalities place non-tax revenues from electric aggregation programs into revolving funds to finance energy efficiency, weatherization and other local projects; supporters say it clarifies existing law while opponents call it a potential backdoor revenue stream for towns.
Senate Bill 590 would let municipalities create revolving funds to hold non-tax revenues generated by municipal electric aggregation programs and use them for local energy services and projects.
Prime sponsor Senator Donovan Fenton told the Science, Technology and Energy Committee that the measure is intended to give towns “a clearer, more flexible way to reinvest non-tax revenues from their electric aggregation programs back into local energy solutions that help lower costs for residents and businesses.” He emphasized the bill explicitly preserves existing statutory limits that bar the use of local…
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