Maine Revised Statutes Title 35-A Sec. 1906 – Contract resale and administration
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The following provisions govern the resale and evaluation and administration of an energy cost reduction contract or a physical energy storage contract. [PL 2015, c. 445, §6 (AMD).]
1. Resale of natural gas pipeline capacity. The commission may negotiate and enter into contracts for the resale of all or a portion of the reserved natural gas transmission pipeline capacity acquired through an energy cost reduction contract. All of the revenue received as a result of the resale must be deposited into the trust fund.
[PL 2013, c. 369, Pt. B, §1 (NEW).]
Terms Used In Maine Revised Statutes Title 35-A Sec. 1906
- Commission: means the Public Utilities Commission. See Maine Revised Statutes Title 35-A Sec. 102
- Contract: A legal written agreement that becomes binding when signed.
- Energy cost reduction contract: means a contract executed in accordance with this chapter to procure capacity on a natural gas transmission pipeline, including, when applicable, compression capacity. See Maine Revised Statutes Title 35-A Sec. 1902
- Gas utility: includes every person, that person's lessees, trustees, receivers or trustees appointed by any court owning, controlling, operating or managing any gas plant for compensation within this State, except when gas is made or produced on and distributed by the maker or producer through private property alone solely for its own tenants and not for sale to others, or when the gas is sold solely for use in vehicles fueled by natural gas or to a liquid gas system that serves fewer than 10 customers as long as no portion of the liquid gas system is located in a public place or that serves a single customer if the liquid gas system is located entirely on the customer's premises. See Maine Revised Statutes Title 35-A Sec. 102
- Natural gas pipeline utility: includes every person, its lessees, trustees, receivers or trustees appointed by any court owning or operating for compensation within this State any pipeline, including pumping stations, storage depots and other facilities, for the transportation, distribution or sale of natural gas, or any person or corporation which has applied to the Federal Energy Regulatory Commission for a certificate of public convenience and necessity or to the Public Utilities Commission for a certificate of authorization to operate a natural gas pipeline within the State. See Maine Revised Statutes Title 35-A Sec. 102
- Physical energy storage capacity: means liquefied natural gas storage capacity. See Maine Revised Statutes Title 35-A Sec. 1902
- Physical energy storage contract: means a contract executed in accordance with this chapter for physical energy storage capacity. See Maine Revised Statutes Title 35-A Sec. 1902
- Transmission and distribution utility: means a person, its lessees, trustees or receivers or trustees appointed by a court, owning, controlling, operating or managing a transmission and distribution plant for compensation within the State, except where the electricity is distributed by the entity that generates the electricity through private property alone solely for the use of:
A. See Maine Revised Statutes Title 35-A Sec. 102Trust fund: means the Energy Cost Reduction Trust Fund established under section 1907, subsection 1. See Maine Revised Statutes Title 35-A Sec. 1902
1-A. Resale of physical energy storage capacity. The commission may negotiate and enter into contracts for the resale of all or a portion of the physical energy storage capacity acquired through a physical energy storage contract. All of the revenue received as a result of the resale must be deposited into the trust fund.
[PL 2015, c. 445, §6 (NEW).]
2. Contract evaluation and administration. The commission is responsible for assessing, analyzing, negotiating, implementing and monitoring compliance with energy cost reduction contracts and physical energy storage contracts. The commission may use funds for this purpose from the trust fund or may collect funds for this purpose through just and reasonable assessments placed on a transmission and distribution utility, a gas utility or a natural gas pipeline utility pursuant to section 1905, subsection 1, paragraph B.
[PL 2015, c. 445, §6 (AMD).]
Nothing in this section precludes a transmission and distribution utility, gas utility or natural gas pipeline utility from taking or having an interest in any facility subject to an energy cost reduction contract or a physical energy storage contract. [PL 2015, c. 445, §6 (NEW).]
SECTION HISTORY
PL 2013, c. 369, Pt. B, §1 (NEW). PL 2015, c. 445, §6 (AMD).