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LD1412 • 2025

An Act to Increase Contingency Reserves for Maine's Consumer-owned Electric Transmission and Distribution Utilities

An Act to Increase Contingency Reserves for Maine's Consumer-owned Electric Transmission and Distribution Utilities

Energy Technology
Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Representative John Ducharme
Last action
2025-06-09
Official status
Signed by the Governor
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

An Act to Increase Contingency Reserves for Maine's Consumer-owned Electric Transmission and Distribution Utilities

An Act to Increase Contingency Reserves for Maine's Consumer-owned Electric Transmission and Distribution Utilities Sponsor: Representative John Ducharme Reference committee: Energy, Utilities and Technology Governor action: Signed by the Governor

What This Bill Does

  • An Act to Increase Contingency Reserves for Maine's Consumer-owned Electric Transmission and Distribution Utilities Sponsor: Representative John Ducharme Reference committee: Energy, Utilities and Technology Governor action: Signed by the Governor

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

Adopted by House & Senate

Plain English: Page 1 - 132LR0914(02) COMMITTEE AMENDMENT 1 L.D.

  • Page 1 - 132LR0914(02) COMMITTEE AMENDMENT 1 L.D.
  • 1412 2 Date: (Filing No.
  • H- ) 3ENERGY, UTILITIES AND TECHNOLOGY 4 Reproduced and distributed under the direction of the Clerk of the House.
  • 5STATE OF MAINE 6HOUSE OF REPRESENTATIVES 7132ND LEGISLATURE 8FIRST SPECIAL SESSION 9 COMMITTEE AMENDMENT “ ” to H.P.
Filed

Plain English: Page 1 - 132LR0914(03) COMMITTEE AMENDMENT 1 L.D.

  • Page 1 - 132LR0914(03) COMMITTEE AMENDMENT 1 L.D.
  • 1412 2 Date: (Filing No.
  • H- ) 3ENERGY, UTILITIES AND TECHNOLOGY 4 Reproduced and distributed under the direction of the Clerk of the House.
  • 5STATE OF MAINE 6HOUSE OF REPRESENTATIVES 7132ND LEGISLATURE 8FIRST SPECIAL SESSION 9 COMMITTEE AMENDMENT “ ” to H.P.

Bill History

  1. 2025-06-09 Governor

    Signed by the Governor

  2. 2025-06-02 House

    PASSED TO BE ENACTED . Sent for concurrence. ORDERED SENT FORTHWITH.

  3. 2025-06-02 Senate

    PASSED TO BE ENACTED , in concurrence.

  4. 2025-05-23 Committee

    Reported Out; OTP-AM/OTP-AM

  5. 2025-04-23 Committee

    Work Session Held

  6. 2025-04-23 Committee

    Voted; Divided Report

  7. 2025-04-01 Committee

    Referred to Committee on Energy, Utilities and Technology.

Official Summary Text

An Act to Increase Contingency Reserves for Maine's Consumer-owned Electric Transmission and Distribution Utilities
Sponsor:
Representative John Ducharme
Reference committee:
Energy, Utilities and Technology
Governor action:
Signed by the Governor

Current Bill Text

Read the full stored bill text 
Page 1 - 132LR0914(04)
STATE OF MAINE
_____
IN THE YEAR OF OUR LORD
TWO THOUSAND TWENTY-FIVE
_____
H.P. 934 - L.D. 1412
An Act to Increase Contingency Reserves for Maine's Consumer-owned
Electric Transmission and Distribution Utilities
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 35-A MRSA §3503, sub-§5, ¶C, as amended by PL 1999, c. 398, Pt. A,
§87 and affected by §§104 and 105, is further amended by amending subparagraph (3) to
read:
(3) To provide for a contingency reserve fund, 1/2 of which may be used for capital
purposes, to reflect up to a 25% 35% addition to yearly revenues over the amount
required to operate the utility, not including purchased power supply costs, if any.
The commission may authorize a utility to establish rates to provide for a
contingency reserve fund to reflect an amount greater than a 35% addition to yearly
revenues over the amount required to operate the utility. Any surplus in excess of
this 25% 35% or the percentage authorized by the commission in accordance with
this subparagraph must be used to offset future revenue requirements in the setting
of rates. Any interest generated on these funds must be deposited into the
contingency reserve fund. The balance in the contingency reserve fund at the close
of the utility's fiscal year may not exceed 25% 35% or the percentage authorized
by the commission of the yearly revenues over the amount required to operate the
utility, not including purchased power supply costs, if any; and
APPROVED
JUNE 9, 2025
BY GOVERNOR
CHAPTER
214
PUBLIC LAW