September 21, 2017
CT Green Guide

Uncertain budget has major energy policy implications

The Republican budget that surprised many when it passed both the Senate and House last week, earning a veto pledge from Gov. Dannel Malloy, has plenty to say about the state's energy and environmental policies.

The budget would divert tens of millions of dollars from clean energy and efficiency programs into the general fund.

Among the largest items:

  • $26 million would be diverted away from the Connecticut Green Bank over the biennium. Those funds come from a charge on ratepayer bills.

  • $20 million worth of proceeds from the Regional Greenhouse Gas Initiative would be diverted to the general fund over the biennium.

  • The budget would sunset a green building tax credit, which can be applied against the corporation tax. The measure would be worth $1.5 million.

In addition, lawmakers approved splitting into separate agencies the Department of Energy and Environmental Protection and the Public Utilities Regulatory Authority, which used to be separate agencies before the legislature combined them in 2011.

The 2011 combination led to tensions with PURA commissioners, who publicly called for a separation in 2015.

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