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Biomass Resources Cost Recovery Fund (Docket No. 2016-00084)

Pursuant to an Act To Establish a Process for the Procurement of Biomass Resources (Act) P.L 2015, ch. 483, a Cost Recovery Fund (Fund) was created at the Maine Public Utilities Commission (Commission) to be used to pay all above-market costs of contracts authorized by the Commission under the Act.  In July 2016, $13.4 million was transferred into the Fund. 

By Order dated February 26, 2019, the Commission directed that funds remaining in the Cost Recovery Fund be transferred to the Maine Budget Stabilization Fund established under 5 M.R.S. § 1532, pursuant to the Act.

All inquiries should be directed to faith.huntington@maine.gov.

In the event you are unable to reach her by e-mail: Phone: (207) 287-1373 Fax: (207) 287-1039

Cost Recovery Fund
Balance as of: February 27, 2019
Report Posted: February 27, 2019
Fund Balance as of Balance Comment
2/27/19 $0 Actual balance