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Home ยป News ยป Commentary ยป Senate Advances Bill to Offer Energy Relief to Businesses
Commentary

Senate Advances Bill to Offer Energy Relief to Businesses

Maine Senate RepublicansBy Maine Senate RepublicansMarch 23, 2016No Comments1 Min Read
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Augusta โ€“ A bill which would provide businesses in Maine with energy cost relief today received initial passage in the Senate.

LD 1398, โ€œAn Act to Reduce Electric Rates for Maine Businesses,โ€ returns $3 million to Maine businesses from the Regional Greenhouse Gas Initiative Trust Fund for fiscal years 2016-2017, 2017-2018, and 2018-2019.

โ€œWith every passing day it becomes more clear that we must take action on our stateโ€™s high energy costs. This measure puts $3 million back in our local economies to support our job creators,โ€ said Senator Mason. โ€œIt is an excellent starting point to provide relief, and I am pleased we were able to reach bipartisan agreement on the legislation.โ€

In addition to returning funds to businesses, the amended bill which passed the Senate also includes a provision for funds to be allocated to measures that increase energy efficiency and for reducing the cost of residential heating are available to low-income households.

The bill now heads to the House for consideration.

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