Augusta – A bill which would provide businesses in Maine with energy cost relief today was enacted in the Maine Senate. The bill was enacted with a unanimous 34-0 vote.
LD 1398, “An Act to Reduce Electric Rates for Maine Businesses,” returns $3 million to Maine businesses from the Regional Greenhouse Gas Initiative Trust Fund for fiscal years 2016-2017, 2017-2018, and 2018-2019.
“Passage of this bill is good news for businesses in our state who have been grappling with high energy costs for far too long,” said Senator Mason. “This measure puts $3 million back in our local economies to support our job creators, and in doing so gets us moving in the right direction.”
In addition to returning funds to businesses, the amended bill includes provisions that the remaining money be allocated to measures that also increase energy efficiency and that measures to reduce the cost of residential heating are available to low-income households.
The measure now heads to the Governor’s desk.