We recently told you that Mainers can expect some relief from high energy costs from LD 1913, legislation sponsored by Senate Majority Leader Eloise Vitelli that was signed into law on April 18th. Now, Maine’s small businesses can also hope to receive aid for their electricity needs.
Senate President Troy Jackson introduced LD 2010, “Resolve, To Help Certain Businesses with Electricity Costs,” to meet the rising costs of electricity for small businesses across the state. The bill would make tiered credit up to $3,000 available to offset massive increases in the standard offer for electricity, which nearly doubled this year. Businesses that are considered “medium-general service” under the standard offer and have seen a significant increase in their electric bill are eligible to receive this credit, to be paid out by the end of October at the latest from the Department of Economic and Community Development (DECD).
We’re happy to report that this bill was passed by both the House and the Senate on April 19th and is expected to be signed by Governor Mills in the very near future. Mainers for Working Families applauds Senator Jackson and the Maine Legislature for taking this important step to help Maine’s small businesses thrive in these challenging times.