LD 995 - Authorizes Funding for Low-Income Electric Ratepayer Assistance - Maine Key Vote

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Title: Authorizes Funding for Low-Income Electric Ratepayer Assistance

Vote Smart's Synopsis:

Vote to pass a bill that authorizes funding for low-income electric ratepayer assistance in Maine.

Highlights:

  • Authorizes funding for low-income electric ratepayer assistance in Maine (Sec. 1-2).

  • Specifies, for purposes of needs-based low-income assistance for electricity customers, that "low-income household" means a household with income of no more than 150% of the federal poverty level (Sec. 1-2).

  • Establishes one-time funds of $7.5 million in fiscal year 2025-26 and fiscal year 2026-27 for low-income electric ratepayer assistance (Sec. 1-2).

  • Specifies that the provisions of this bill shall take effect immediately upon passage and approval by the Governor (Sec. 2).

Title: Authorizes Funding for Low-Income Electric Ratepayer Assistance

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