Summary of Investment Plan
In accordance with Section 22a-174-31:Control of Carbon Dioxide Emissions/CO2 Budget Trading Program:
- 69.5 percent of Connecticut's proceeds from the sale of RGGI CO2 allowances provide additional support for energy efficiency programs overseen by the Energy Conservation Management Board (ECMB) and administered by Connecticut Light & Power (CL&P), United Illuminating (UI) and the Connecticut Municipal Electrical Energy Cooperative (CMEEC).
- 23 percent of proceeds support renewable energy programs administered by the Connecticut Clean Energy Fund (CCEF).
Investment Highlights
Through 2010:
- $29.6 million invested in energy efficiency programs overseen by the ECMB. Together, those programs provided energy efficiency services to more than 1 million households and more than 7,700 businesses, resulting in 6.3 billion kilowatt hour lifetime savings. This is equivalent to:
- Providing electricity to more than more than 753,000 homes for one year
- Reducing energy costs by $1.3 billion
- Avoiding the emission of 4.3 million tons of CO2
For more information, see the ECMB's 2010 Annual Report and 2009 Annual Report.
- $4.7 million approved for solar PV energy systems on municipal buildings. Between November 2009 and October 2010, 22 projects were approved, 15 on schools and 7 on town buildings. Together, the projects will add 1,200 kilowatts of clean, renewable power to the grid. For more information, see the CCEF's 2010 Annual Report and 2009 Annual Report.
More Information
For more information on Connecticut's participation in RGGI please consult:
