How SB 64 changes current law

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

This bill amends the provisions for the allocation of CO2 auction proceeds in Delaware to include a rebate program for retail electric customers starting in 2027.

• § 6046

  Any C2 allowance proceeds in excess of the total dollar amount generated in 2025 must be directed to a rebate program for the reduction of energy costs to retail electric customers. → Notwithstanding paragraphs (c)(1) through (c)(5) of this section, beginning on January 1, 2027, and each year that after, any CO2 allowance proceeds in excess of the total dollar amount generated in 2025 must be directed to a rebate program for the reduction of energy costs to retail electric customers.

  This ensures that any excess auction proceeds starting in 2027 will provide rebates to reduce energy costs for customers.

• § 6046

  the federally funded and state-administered fuel assistance (Low Income Home Energy Assistance Program or LIHEAP) programs and may be used for financial assistance for energy costs for qualifying residents. → up to 5% shall be directed to the federally funded and state-administered fuel assistance (Low Income Home Energy Assistance Program or LIHEAP) programs.

  This change specifies that only a portion of the proceeds (up to 5%) may be allocated to LIHEAP.

• § 6046

  These programs are administered by the Delaware Department of Health and Social Services. → These programs are administered by the Division for State Service Centers in the Delaware Department of Health and Social Services.

  This clarifies the administrative body overseeing the energy assistance programs.