trending Market Intelligence /marketintelligence/en/news-insights/trending/opsvgtg465fk7uchaqjffa2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Conn. governor seeks to boost renewable mandate, prepare for higher seas

Essential Energy Insights - September, 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

Bull market leaves US utilities behind in August

Utilities, midstream reckon with energy transformation on the horizon


Conn. governor seeks to boost renewable mandate, prepare for higher seas

Connecticut Gov. Dannel Malloy is urging state lawmakers to pass legislation that would boost the state's renewable mandate to 40% by 2030, establish an energy efficiency target and procurement process, increase residential rooftop solar accessibility, and replace current net metering compensation rates with those set by a competitive auction.

Rob Klee, a member of Connecticut's Department of Energy and Environmental Protection, joined Malloy on March 19 to urge passage of the governor's two energy and environmental bills that effectively constitute the comprehensive energy strategy DEEP proposed in February.

Malloy's energy bill, Senate Bill 9 or "An Act Concerning Connecticut’s Energy Future," seeks to double the state's renewable portfolio standard to 40% by 2030 from a current level that plateaus at 20% in 2020. Generation resources that would qualify as renewables under the bill include solar, wind, run-of-the-river hydropower, landfill methane gas, biomass, fuel cells and anaerobic digestion.

SNL Image

In addition to establishing a competitive auction process to replace net metering rates, S.B. 9 would charge the Connecticut Public Utilities Regulatory Authority with establishing a fixed rate for residential rooftop solar that ensures developers cover their costs and earn a fair rate of return. The proposed bill also seeks to achieve more than $1 billion in additional savings for ratepayers over 20 years through the use of renewables and have the CT Green Bank, the state's clean energy finance vehicle, become a self-sustaining entity by 2025.

Another of the governor's bills, Senate Bill 7 or "An Act Concerning Climate Change and Resiliency," would set an interim target of cutting greenhouse gas emissions 45% from 2001 levels by 2030 as the state progresses toward an already agreed-upon 80% reduction in 2001 levels by 2050.

S.B. 7 also includes measures aimed at mitigating the impacts on coastal shorelines of a rise in sea level of nearly two feet by 2050 due to climate change. Klee said Connecticut is already seeing frequent flooding of roads "that once did not flood," the warming of the Long Island Sound, "the slow but steady shift from a New England fishery to a Mid-Atlantic fishery," and changes in autumn foliage season and wildlife habitats.

To reflect those changes, the proposed bill would move coastal boundary maps inland to reflect the expected rise in sea levels. It also would require all future projects located in the coastal boundary either undertaken by a state agency or funded by a state or federal grant or loan to abide by the projections of the Connecticut Institute for Resilience and Climate Adaptation, or CIRA.

"Tide gauges in Long Island Sound have already measured sea level rise along Connecticut's coast," said James O’Donnell, CIRA executive director and professor of marine sciences at the University of Connecticut. He also cited projections by the International Panel on Climate Change and the National Oceanic and Atmospheric Administration that sea levels should be expected to continue to rise in the future. Because of projected changes in the circulation in the Atlantic, O'Donnell said water levels will increase more in Connecticut than most other parts of the world.

O'Donnell said Connecticut is also "sinking slowly relative to the sea level" to the point that the state should prepare for sea levels to rise rapidly. Based on NOAA projections in 2012 and using local data, CIRA recommends communities plan for up to 20 inches of sea level rise by 2050.