CONNECTICUT BUSINESS

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CONNECTICUT BUSINESS INDUSTRY ASSOCIATION

• Environment 2009
• June 10, 2009
• Joey Lee Miranda, Esq.

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Economic Opportunities Associated With Climate
Change

• American Recovery Reinvestment Act (Stimulus
  Act)
• Research, Development Deployment
• Clean Energy Deployment
• Energy Efficiency Deployment
• Transportation Electrification, Alternative Fuels
  Efficient Vehicles
• Modernizing the Electric Grid
• Public Transit Rail
• New Energy Economy Workforce Development

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Stimulus Act Key Funding

• Climate Research
• 400 million available in part for climate
  research by the National Aeronautics and Space
  Administration
• 170 million for climate modeling by the National
  Oceanic and Atmospheric Administration

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Stimulus Act Key Funding

• Electric Transportation
• 400 million to encourage the use of plug-in
  electric vehicles and implementation of electric
  transportation technology projects
• Advanced Batteries
• 2 billion in grants for manufacturing advanced
  batteries and components

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Stimulus Act Key Funding

• Smart Grid Investments
• 4.5 billion to modernize the nation's
  electricity grid with smart grid technology
• Federal matching grants for the Smart Grid
  Investment Program are increased from 20 to 50.

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Stimulus Act Key Funding

• Renewable Energy and Transmission Loan Guarantees
• 6 billion for a new loan program
• Fund projects in
• renewable energy
• electric power transmission
• leading edge biofuels
• Projects must begin construction by September 30,
  2011.

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Stimulus Act Key Funding

• Weatherization Assistance Program
• 5 billion
• Enough to weatherize 1 million low-income homes a
  year
• Create jobs in auditing and retrofitting
  industries

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Stimulus Act Key Funding

• RD, Demonstration Projects
• 2.5 billion for renewable energy and efficiency
  RD, demonstration and deployment activities
• 3.4 billion for the DOE Fossil Energy Research
  and Development Program
• 1.52 billion for carbon capture and energy
  efficiency
• 800 million for the Clean Coal Power Initiative

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Stimulus Act Key Funding

• State Energy Program
• 3.1 billion for state energy programs to help
  citizens and businesses save energy
• 300 million for state matching grants for
  consumer rebates on the purchase of energy
  efficient appliances

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Stimulus Act Key Funding

• State Energy Efficiency Conservation Block
  Grants
• 3.2 billion to help state and local governments
  aggressively implement energy efficiency programs

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State Energy Program

• Renewable Energy
• Geothermal
• Solar
• Fuel Cells
• Energy Efficiency
• Residential
• Business
• Government
• Training Compliance
• Transportation

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State Energy Program Renewable Energy

• Geothermal
• 5 million
• Ground Source Heat Pump
• New or retrofit
• Residential or non-residential
• Rebate based on Solar Rating Certification
  Corporation (SRCC) ratings for system capacity
• Expected to fund 600 installations
• CCEF Administered

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State Energy Program Renewable Energy

• Solar Thermal
• 4 million
• Solar Collectors
• Supplement new or existing domestic hot water
  (DHW) systems
• Residential or non-residential currently using
  gas, oil or electricity for DHW
• Rebate
• Expected to fund 1,000-1,750 installations
• CCEF Administered

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State Energy Program Renewable Energy

• Solar PV
• 3 million
• Grant of up to 2,000/kw PTC
• Performance Adjustments
• Expected to fund 300 installations
• CCEF Administered

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State Energy Program Renewable Energy

• Fuel Cells
• 8 million
• 50 waste heat utilization
• Expected to fund 14 installations
• CCEF Administered

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State Energy Program - Energy Efficiency
Conservation

• Small Business Energy Advantage
• 2.875 million
• Energy Assessment
• Cash Incentives
• 0 financing
• Lighting
• Refrigeration
• Expected to fund 417 projects
• Administered by CLP, UI and CMEEC

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State Energy Program - Energy Efficiency
Conservation

• Energy Opportunities
• 3.375 million
• Retrofits
• Lighting
• Motors controls
• HVAC Equipment
• Expected to fund 153 projects
• Administered by CLP, UI and CMEEC

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State Energy Program - Energy Efficiency
Conservation

• Home Energy Solutions
• 6.25 million
• Home Energy Assessment
• Rebates
• CLP/UI/CMEEC
• State Building Energy Improvements
• 5 million
• State owned building retrofits

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State Energy Program Training Compliance

• Building Code Training Compliance
• 300,000
• Energy Code
• Development
• Training
• Compliance assessment
• Building Operator Training
• 250,000
• State municipal employees

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State Energy Program - Transportation

• Clean Cities
• 200,000
• Expected to fund
• 50 alternative fuel vehicles
• 3 fueling infrastructure additions/improvements
• Clean Cities Coalitions Support
• Greater New Haven
• Clean Cities of Southwestern Connecticut
• Norwich Clean Cities
• Capital Clean Cities

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Energy Efficiency Conservation Block Grant

• Municipal programs
• 143 municipalities that not eligible for direct
  formula grants
• 25,000 base
• Plus pro-rated percentage of balance based on
  population
• Regional programs
• Bonus Pool same municipalities eligible
• Partner with other municipalities
• Must have regional (multi-town) impact

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Energy Efficiency Conservation Block Grant

• Projects must be consistent with energy policy
  framework goals
• 20 reduction in electric-peak gain consumption
  by 2020
• 20 reduction in fossil fuel consumption by 2020
• 20 alternative fuels mix in commercial
  transportation fuels by 2020
• 20 alternative fuels mix in residential
  commercial heating oil by 2020
• 10 reduction in GHG emissions as compared to
  1990 levels by 2020
• 80 reduction in GHG emissions as compared to
  2001 levels by 2020

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Energy Efficiency Conservation Block Grant

• Eligible Activities
• Development of Energy Efficiency Conservation
  Strategy
• Technical Consultant Services
• Residential Commercial Building Audits
• Financial Incentive Programs
• Energy Efficiency Retrofits
• Energy Efficiency Conservation Programs for
  Building Facilities

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Energy Efficiency Conservation Block Grant
(contd)

• Eligible Activities
• Development Implementation of Transportation
  Programs
• Building Codes Inspections
• Energy Distribution
• Material Conservation Programs
• Reduction Capture of Methane Greenhouse Gases
• Traffic Signals Street Lighting
• Renewable Energy Technologies on Government
  Buildings
• Any other appropriate activity

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Leveraging Incentives

• Tax Incentives
• Federal Programs
• ISO New England
• RGGI
• State Programs
• Municipal Programs

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Tax Incentives

• Federal Tax Incentives
• Investment Tax Credit
• Production Tax Credit
• State Tax Incentives
• Solar
• Geothermal
• Municipal Tax Incentives
• Cogeneration
• Electric Generating Facilities

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Other Federal Programs

• Grants
• ITC Conversion
• Energy for Sustainability Grants
• Clean Renewable Energy Program
• Solar PV Research Development
• Geothermal Technologies
• Solar Market Transformation
• High Penetration Solar Deployment
• CO2 Sequestration
• Geothermal Systems Demonstration

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Other Federal Programs

• Loans
• Clean Renewable Energy Bonds
• DOE Loan Guarantee Program

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ISO New England

• Demand/Price Response Program
• Compensation
• Reduced consumption
• Other Revenue Streams
• Energy
• Capacity
• Reserves
• Renewable Energy Credits (RECs)

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Other State Programs

• Department of Public Utility Control
• Low Interest Loans
• Natural Gas Rebates
• Demand Ratchet Waivers
• Connecticut Clean Energy Fund
• On Site Renewable DG Program
• Project 150

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Other State Programs

• Utility Energy Efficiency Conservation Programs
• Energy Conscious Blueprint
• Energy Opportunities
• Gas Cooling Efficiency
• Operation Maintenance Services
• PRIME Audits
• Small Industrial Commercial Loan Program
• Rebate Programs

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Regional Greenhouse Gas Initiative (RGGI)

• Offsets
• Landfill methane capture and destruction
• Reduction in emissions of sulfur hexafluoride
  (SF6)
• Sequestration of carbon due to afforestation
• Reduction or avoidance of CO2 emissions
• Methane capture from agricultural operations

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RGGI Eligible Energy Conservation

• Improved efficiency of combustion equipment
  providing space heating and hot water
• Improved efficiency of heating distribution
  systems
• Installation or improvement of energy management
  systems

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RGGI Eligible Energy Conservation

• Improved efficiency of hot water distribution
  systems
• Improved building thermal performance
• Improved building passive solar performance
• Fuel switching to less carbon-intensive fuel for
  use in combustion systems

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Other Municipal Programs

• Energy Improvement Districts
• Bonding
• Energy Efficiency Conservation Block Grant
• 26 municipalities directly eligible

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Questions?

• Joey Lee Miranda
• Robinson Cole LLP
• 280 Trumbull Street
• Hartford, CT 06103
• Phone [phone]
• E-Mail jmiranda_at_rc.com
• Website www.rc.com