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LD585 • 2025

An Act to Use Certain Regional Transmission Organization Payments for Beneficial Electrification to Reduce Electricity Rates

An Act to Use Certain Regional Transmission Organization Payments for Beneficial Electrification to Reduce Electricity Rates

Energy Technology
Enacted

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

Sponsor
Senator Henry Ingwersen
Last action
2025-04-25
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 Use Certain Regional Transmission Organization Payments for Beneficial Electrification to Reduce Electricity Rates

An Act to Use Certain Regional Transmission Organization Payments for Beneficial Electrification to Reduce Electricity Rates Sponsor: Senator Henry Ingwersen Reference committee: Energy, Utilities and Technology Governor action: Signed by the Governor

What This Bill Does

  • An Act to Use Certain Regional Transmission Organization Payments for Beneficial Electrification to Reduce Electricity Rates Sponsor: Senator Henry Ingwersen 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.

Bill History

  1. 2025-04-25 Governor

    Signed by the Governor

  2. 2025-04-22 Senate

    PASSED TO BE ENACTED , in concurrence.

  3. 2025-04-17 House

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

  4. 2025-04-07 Committee

    Reported Out; OTP/ONTP

  5. 2025-03-19 Committee

    Work Session Held

  6. 2025-03-19 Committee

    Voted; Divided Report

  7. 2025-02-19 Committee

    Referred to Committee on Energy, Utilities and Technology.

Official Summary Text

An Act to Use Certain Regional Transmission Organization Payments for Beneficial Electrification to Reduce Electricity Rates
Sponsor:
Senator Henry Ingwersen
Reference committee:
Energy, Utilities and Technology
Governor action:
Signed by the Governor

Current Bill Text

Read the full stored bill text 
Page 1 - 132LR0915(03)
STATE OF MAINE
_____
IN THE YEAR OF OUR LORD
TWO THOUSAND TWENTY-FIVE
_____
S.P. 268 - L.D. 585
An Act to Use Certain Regional Transmission Organization Payments for
Beneficial Electrification to Reduce Electricity Rates
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 35-A MRSA §10103, sub-§4, as amended by PL 2019, c. 306, §2, is further
amended to read:
4. Program funding. The board may apply for and receive grants from municipal,
state, federal and private sources for deposit into appropriate program funds, including
funds for both residential and business programs. The board may deposit in appropriate
program funds the proceeds of any bonds issued for the purposes of programs administered
by the trust. The board may receive and shall deposit in appropriate program funds revenue
resulting from any forward capacity market or other capacity payments from the a regional
transmission organization that may be attributable to those projects funded by those funds,
except that, from fiscal year 2019-20 to fiscal year 2024-25, such payments must be used
to promote or to supplement incentives that support beneficial electrification measures that
are cost-effective and reliably reduce electricity rates over the life of the measures,
including high-performance air source heat pump technology and deposited in the Heating
Fuels Efficiency and Weatherization Fund established in section 10119 electric vehicles.
The board shall deposit into appropriate program funds revenue transferred to the trust from
the energy infrastructure benefits fund pursuant to Title 5, section 282, subsection 9 for use
in accordance with subsection 4‑A. The board may also deposit any grants or other funds
received by or from any entity with which the trust has an agreement or contract pursuant
to this chapter if the board determines that receipt of those funds is consistent with the
purposes of this chapter.
APPROVED
APRIL 25, 2025
BY GOVERNOR
CHAPTER
45
PUBLIC LAW