LD 434 – An Act To Price Carbon Pollution in Maine

Summary: This bill requires an assessment on the carbon content of fuels sold by a distributor in
the State. The bill defines “distributor” and requires a distributor to submit on a monthly basis the
required assessment to the Public Utilities Commission. The commission is required to transfer any
assessment it receives to the Carbon Content Assessment Fund, which the bill establishes. The bill
requires the commission at the end of each fiscal year to transfer funds from the fund to
transmission and distribution utilities in the State. The funds are to be used to reduce the rates of
those utilities’ customers in a manner that is equitable and that provides maximum benefit to the
economy of the State. The bill gives the commission the authority to review the books and records
of a distributor and to impose an administrative penalty if necessary. It requires the commission to
adopt routine technical rules.

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