SB700

Establishes the Large-Scale Electricity Consumer Infrastructure Impact Fund to collect fees from large-scale electricity consumers and localities.

The bill creates the Large-Scale Electricity Consumer Infrastructure Impact Fund. It mandates an infrastructure impact fee for large-scale electricity consumers, based on energy usage and demand. Localities must remit an annual fee to the state treasury, equal to five percent of their total annual tax revenue attributable to these consumers. The fund will be used for mitigating energy use, offsetting rate increases for residential customers, and administering the fund. The Commission will manage and oversee the fund.