NEEC - Northeast Energy Effiency Council
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NEEC New York
 

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.”

  1. 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.
  2. There are 1,000 to 1,500 direct jobs and 3,000 or so indirect jobs effected by this fund.
  3. 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.
  4. 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
  5. 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.
  6. 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).
  7. 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.
  8. It will delay and even put at risk the dollars from the federal stimulus package of $40 million or so.
  9. 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. 
 

Northeast Energy Efficiency Council • 45 School Street • Boston, MA 02108
phone 617-367-6144 • fax 617-367-6299 • info@neec.org