| |
Objective
The Connecticut Energy Efficiency Fund (CEEF) is funded by utility
ratepayers as an assessment on their bills and further that these
funds are actually Connecticut’s very own “Stimulus Package.”
-
It is documented and verified that for every $1 invested
there is at least $4 in savings to those Connecticut residences
and businesses that participate.
- There are 1,000 to 1,500
direct jobs and 3,000 or so indirect jobs effected by this fund.
- The
energy saved represents a reduction in millions of tons of carbon
emissions, which could effect the Regional Green House Gas Initiative
(RGGI) dollars collected by the State.
- Not all Connecticut ratepayers
pay evenly into the fund – all
the municipal electric wholesalers pay very little into the
fund placing the burden on all the other ratepayers of Connecticut
- From
a Homeland Security perspective it is ludicrous to say we are
for the safety of this country and then take dollars away from
a fund which reduces our dependence on foreign oil to the tune of
saving enough to supply 31,000 homes with electricity a year.
- The
programs run by the fund have been awarded time and again as
the best-run programs in the country by the American Council
for an Energy Efficient Economy (ACEEE).
- Cutting dollars out of the
fund to the tune of $40 million as suggested will result in a
reduction to the State of $12.5 million or so dollars from the
Forward Capacity dollars.
- It will delay and even put at risk the
dollars from the federal stimulus package of $40 million or so.
- The
equipment purchased for the projects initiated by the fund equates
to $20 Million to $30 Million not to mention the elimination
of taxes from the $1,000 plus Connecticut Residences that will be
out of work collecting unemployment equating to Millions of more
dollars.
Talking Points for the
Connecticut Energy Efficiency Fund:
- Direct impact on local jobs- The total job impacts of
the $90 million CEEF is 3,667 jobs per year- well paying attractive
jobs in Connecticut.
- The CEEF provides cost-effective energy conservation programs
for both residential and commercial/industrial customers.
- Every $1 invested in energy efficiency produces $4 in
energy savings over the life of the measures.
- Money diverted from the CEEF is the same as a tax increase.
- Moving
the funds from the CL&M Fund to the General
Fund could cost CT Millions in Federal Incentives.
|
|
