AN ACT TO AMEND TITLE 7 OF THE DELAWARE CODE RELATING TO REGIONAL GREENHOUSE GAS INITIATIVE AND CO2 EMISSIONS TRADING PROGRAM AUCTION PROCEEDS.
Adopted in lieu of the original bill SB 64, and Assigned to Environment, Energy & Transportation Committee in Senate
Summary
The bill sets how Delaware will spend money earned from the Regional Greenhouse Gas Initiative CO2 allowance auctions. Sixty‑five percent goes to the Sustainable Energy Utility for clean‑energy and efficiency work, fifteen percent helps low‑income households through weatherization and fuel assistance, ten percent funds new greenhouse‑gas reduction projects, up to ten percent covers program costs, and any proceeds above the 2025 total will fund a rebate for retail electric customers. An annual committee reviews the allocation percentages.
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