The proposed General Assembly Raised Bill No. 7016 aims to enhance energy capital improvements in Connecticut by allowing third-party developers to participate in various energy programs. Specifically, it repeals and replaces existing provisions in Section 16-244dd, enabling the Public Utilities Regulatory Authority to select appropriate entities, including the Connecticut Green Bank and the Department of Energy and Environmental Protection, to implement any ratepayer-funded clean energy, renewable energy, or electric grid modernization programs. Additionally, Section 16-244z is amended to allow similar selections for program implementation, including conducting solicitations.

Furthermore, the bill establishes a municipal electric grid modernization grant program, which will be funded through state-issued bonds. The State Bond Commission is authorized to issue bonds to support this program, providing grants to municipalities that own and operate electric utilities and seek to modernize their grid infrastructure. Municipalities can apply for these grants through the Office of Policy and Management, which may set additional requirements for grant eligibility. The bill is set to take effect on July 1, 2025.

Statutes affected:
Raised Bill: 16-244dd, 16-244z