An Act To Provide Energy Opportunities to Northern Maine
Maine Legislature, Session 121, LD 0163
Committee Amendment CA_A_S48 (Senate)
Amends: 10 MRSA §963-A, 10 MRSA §1043, 10 MRSA §1053, 10 MRSA §9202, 10 MRSA §9203, 10 MRSA §9204

COMMITTEE AMENDMENT "A" to S.P. 86, L.D. 163, Bill, "An Act 
To Provide Energy Opportunities to Northern Maine" 
Amend the bill by striking out everything after the enacting 
clause and before the emergency clause and inserting in its place 
the following: 
I Sec. 1. 10 MRSA §963-A, sub-§49-H, as reallocated by RR 1999, 
c. 1, §11, is amended to read: 
49-H. 
Transmission 
facilities 
project. 
"Transmission 
facilities project" means 
a project approved by the Northern 
Maine Transmission Corporation. as established in section 9202. 
to carry out the purposes of chapter 
1003 
or any electric 
transmission. 
gas 
transmission. 
energy 
transfer 
or 
electric 
generation facility. including necessary appurtenances. otherwise 
proposed to the authority to benefit northern Maine. 
Sec. 2. 10 MRSA §1043, sub-§2, ,J, as amended by PL 1999, c. 
484, §6, is further amended to read: 
J. 
In the case of major business expansion projects, the 
applicant is creditworthy and there is a strong likelihood 
that 
the 
revenue 
obligation securities 
will 
be 
repaid 
through the revenues of the project and any other sources of 
revenues and collateral pledged to the repayment of those 
securities. 
In 
order 
to 
make 
this 
determination, 
the 
authority 
shall 
consider 
such 
factors 
as it considers 
necessary to measure and evaluate the sufficiency of the 
pledged revenues to repay the obligations, including: 
Page l-LR1626(2) 
COMMITTEE AMENDMENT 
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COMMITTEE AMENDMENT "~,, to S.P. 86, L.D. 163 
(1) 
Whether individuals or entities obligated to repay 
the obligations have demonstrated sufficient revenues 
from the project or from other sources to repay the 
obligations, 
and 
a 
strong 
probability 
that 
those 
revenues will continue to be available for the term of 
the revenue obligation securities; 
(2) 
Whether 
the 
applicant 
demonstrates 
a 
strong 
probability that the project will continue to operate 
and provide the public benefits projected to be created 
for the term of the revenue obligation securities; 
(3) 
Whether 
the 
applicant 
demonstrates 
that 
benefits projected to be created by the project 
enhanced through the use of financing assistance 
the authority; 
the 
are 
from 
(4) 
Whether 
the 
applicant I s 
creditworthiness 
is 
demonstrated by such factors as historical financial 
performance, management ability, its plan for marketing 
its product or 
service 
and its ability to 
access 
conventional financing; 
(5) 
Whether the applicant meets or exceeds industry 
average financial performance ratios commonly accepted 
in determining creditworthiness in that industry; 
(6) 
Whether the applicant demonstrates that the need 
for authority assistance is due to the reduced cost and 
increased flexibility of the financing for the project 
that result from authority assistance and not from an 
inability to obtain necessary financing without the 
capital 
reserve 
fund 
security 
provided 
by 
the 
authority; and 
(7) 
Whether 
obligation 
is 
circumstances. 
collateral 
reasonably 
securing 
the 
sufficient 
repayment 
under 
the 
Financing assistance for anyone major business expansion 
project may not exceed $25,000,000 in loan amount. 
The 
authority 
may 
establish, 
pursuant 
to 
rules 
adopted 
in 
accordance with Title 5, 
chapter 
375, 
subchapter II 
~, 
application procedures, 
approval criteria 
and 
reasonable 
fees for major business expansion projects; aRe 
Sec. 3. 10 MRSA §1043, sub-§2, ~K, as enacted by PL 1999, c. 
484, §7, is amended by amending subparagraph (8) to read: 
COMMITTEE AMENDMENT 
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COMMITTEE AMENDMENT .. A'to S.P. 86, L.D. 163 
(8) 
Whether the applicant demonstrates that the need 
for authority assistance is due to the reduced cost and 
increased flexibility of the financing for the project 
that result from the authority assistance and not from 
an inability to obtain necessary financing without the 
capital 
reserve 
fund 
security 
provided 
by 
the 
authoritYT~ 
Sec. 4. 10 MRSA §1043, sub-§2, llL is enacted to read: 
L. 
In the case of transmission facilities projects, the 
applicant is creditworthy and there is a strong likelihood 
that 
the 
revenue 
obligation securities 
will 
be 
repaid 
through the revenues of the project and any other source of 
revenues and collateral pledged to the repayment of those 
securities. 
In 
order 
to 
make 
this 
determination, 
the 
authority 
shall 
consider 
such 
factors 
as 
it considers 
necessary and appropriate in light of the special purpose or 
other nature of the business entity owning the project to 
measure and evaluate the project and the sufficiency of the 
pledged revenues to repay the obligations, including: 
(1) 
Whether the individuals or entities obligated to 
repay 
the 
obligations 
have 
demonstrated 
sufficient 
revenues 
from the project or from other sources to 
repay the obligations and a strong probability that 
those revenues will continue to be available for the 
term of the revenue obligation securities; 
(2) 
Whether 
the 
applicant 
demonstrates 
a 
strong 
probability that the project will continue to operate 
and provide the public benefits projected to be created 
for the term of the revenue obligation securities; 
(3) 
Whether 
the 
applicant 
demonstrates 
that 
the 
benefits projected to be created by the project are 
enhanced through the use of financing assistance from 
the authority; 
(4) 
Whether 
the 
applicant I s 
creditworthiness 
is 
demonstrated 
by 
factors 
such 
as 
its 
historical 
financial 
performance, 
management 
ability, 
plan for 
marketing its product or service and ability to access 
conventional financing; 
(5) 
Whether the applicant meets or exceeds industry 
average financial performance ratios commonly accepted 
in determining creditworthiness in that industry; 
COMMITTEE AMENDMENT 
\-\. 
~~, 
COMMITTEE AMENDMENT "~,, to S.P. 86, L.D. 163 
(6) 
Whether the applicant demonstrates that the need 
for authority assistance is due to the reduced cost and 
increased flexibility of the financing for the project 
that result from authority assistance and not from an 
inability to obtain necessary financing without the 
capital reserve fund security provided by the authority; 
(7) 
Whether 
collateral 
securing 
the 
repayment 
obligation 
is 
reasonably 
sufficient 
under 
the 
circumstances; 
(8) 
Whether 
the 
proposed 
project 
enhances 
the 
opportunities for economic development; 
(9) 
The effect that the proposed project financing has 
on the authority's financial resources; and 
(10) 
Whether 
the 
Northern 
Maine 
Transmission 
Corporation, 
as 
established 
in 
section 
9202, 
has 
recommended the project. 
Upon request by the authority, state agencies. including but 
not 
limited 
to 
the 
Public 
Utilities 
Commission, 
shall 
provide necessary assistance to the authority in evaluating 
the 
feasibility of 
the 
project 
and its importance 
for 
northern 
Maine. 
In 
providing 
assistance. 
the 
Public 
Utilities Commission shall consider whether the proposed 
project enhances the competitiveness of the wholesale and 
retail energy market: how the proposed project is likely to 
affect 
energy prices 
for 
Maine 
residents; 
whether 
the 
proposed project will augment or enhance the reliability and 
stability of the grid; and whether there is likely to be a 
long-term need for the product as produced by the proposed 
project. 
The authority may establish, pursuant to rules adopted in 
accordance 
with 
Title 
5, 
chapter 
375, 
subchapter 
2, 
application procedures, 
approval 
criteria and 
reasonable 
fees for transmission facilities projects. 
Rules adopted by 
the authority under this paragraph are routine technical 
rules pursuant to Title 5, chapter 375, subchapter 2-A. 
In 
addition, the authority may require the applicant to pay the 
reasonable costs of an evaluation of the project risks by an 
independent 
consultant. 
If 
the 
authority 
directs 
the 
applicant to pay for such an independent evaluation of the 
~ect. the authority shall make every reasonable effort. 
in its discretion, to minimize the cost of the evaluation 
and any delay such an evaluation may cause in authority 
action. 
COMMITTEE AMENDMENT 
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COMMITTEE AMENDMENT ,~ .. to S.P. 86, L.D. 163 
The 
authority may not finance 
any project involving an 
electric 
transmission 
line 
capable 
of 
operating 
at 
kilovolts or more unless the Public Utilities Commission has 
issued 
a 
certificate 
of 
public 
convenience 
for 
the 
construction of the line pursuant to Title 35 A, 
section 
3l32. 
Sec. 5. 10 MRSA §1053, sub-§6, as repealed and replaced by PL 
1999, c. 531, Pt. G, §1, is amended to read: 
6. 
Securities outstanding. 
The principal amount of revenue 
obligation securities the authority may have outstanding at any 
one time, to which subsection 5 is stated to apply in the trust 
agreement 
or 
other 
document, 
may 
not 
exceed 
an 
aggregate 
principal amount equal to $+++TQQQTQQQ $877,000,000 as follows: 
A. 
The sum of $330,000,000 
$275,000,000 for loans and up 
proceeds 
to 
fund 
capital 
obligation securities issued 
relating to loans for electric 
consisting of not more than 
to $55,000,000 for use of bond 
reserve 
funds 
for 
revenue 
pursuant to this subchapter 
rate stabilization projects; 
B. 
The sum of $120,000,000 consisting of not more than 
$100,000,000 for loans and up to $20,000,000 for use of bond 
proceeds 
to 
fund 
capital 
reserve 
funds 
for 
revenue 
obligation securities issued pursuant to this subchapter 
relating to loans for major business expansion projects; 
C. 
The 
sum of $57,000,000 consisting of not more 
than 
$45,000,000 for loans and up to $12,000,000 for use of bond 
proceeds 
to 
fund 
capital 
reserve 
funds 
for 
revenue 
obligation securities issued pursuant to this subchapter 
relating to workers' compensation residual market mechanism 
projects; 
D. 
The sum of $150,000,000 less the aggregate outstanding 
balance of mortgage loans secured by capital reserve funds 
pursuant to section 1032 for all other revenue obligation 
securities issued pursuant to this subchapter; aRe 
E. 
The sum of $120,000,000 consisting of not more than 
$100,000,000 for loans and up to $20,000,000 for use of bond 
proceeds 
to 
fund 
capital 
reserve 
funds 
for 
revenue 
obligation securities issued pursuant to this subchapter 
relating 
to 
loans 
for 
paper 
industry 
job 
retention 
projects ... : and 
F. 
The 
sum of $100,000,000 consisting of not more than 
$85,000,000 for loans and up to $15,000,000 for use of bond 
proceeds 
to 
fund 
capital 
reserve 
funds 
for 
revenue 
COMMITTEE AMENDMENT 
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COMMITTEE AMENDMENT "A" to S.P. 86, L.D. 163 
obligation securities issued pursuant to this subchapter 
relating to loans for transmission facilities projects as 
defined in section 963-A, subsection 49-H. 
The 
amount of revenue obligation securities issued to refund 
securities previously issued may not be taken into account in 
determining the principal amount of securities outstanding, as 
long as proceeds of the 
refunding securities are applied as 
promptly as possible to the refunding of the previously issued 
securities. 
In computing the total amount of revenue obligation 
securities of the authority that may at any time be outstanding 
for 
any 
purpose, 
the 
amounts 
of 
the 
outstanding 
revenue 
obligation 
securities 
that 
have 
been 
issued 
as 
capital 
appreciation bonds or as similar instruments are valued as of any 
date of calculation at their then current accreted value rather 
than their face value. 
Sec. 6. 10 MRSA §9202, sub-§I, as enacted by PL 1999, c. 513, 
§6, is amended to read: 
1. 
Establishment 
and 
purpose. 
The 
Northern 
Maine 
Transmission Corporation is established as a body corporate and 
politic and public instrumentality of the State. 
The corporation 
is 
a 
special 
purpose 
corporation 
formed 
and 
managed 
as 
a 
subsidiary of the authority. 
The exercise by the corporation of 
the powers conferred by this chapter saaJJ--ae is deemed the 
performance of essential public functions. 
The purpose of the 
corporation is to eHamiRe--t-he---aee4-'ie-l'--and--viaailit;y-*--anG-t;e 
~iRaReeT-~e-l'mi~7-~~£~~~~~7-~~~~~-e1&et;Fie-t;~aRsmissieR 
liRes-~r~-~~--eeBBeet;-~~~~~-~~iJi~ie6--ia--t~-Re~t;ae~R 
~e~ieR-~-~ae--St;&&e-~-t~-t;ae-~~~~~-~-I'4Q--e~--t-he---YRit;ee 
St;aEes-4~-~~~~~r-iB-~ae-~~~~-~~-a~t;heFit;Yr-Ee 
allew-~~~-&eF¥~-ay-~~-eleet;Fie-~~4~4~4e£-~~-~eeeive 
Eae-~~-t~~~-se~viee-~~~~-~~-all-~~-~~r~-eHst;eme~s 
iB-Eais-St;at;eTl.. 
A. 
Evaluate electric transmission interconnections between 
northern Maine and the rest of the United States and Canada, 
the transmission of natural gas or other energy resources in 
northern Maine and the construction of additional electric 
generation facilities in or adjacent to northern Maine: and 
B. 
Examine 
the 
need 
for 
and viability of 
and, 
in its 
discretion, finance, permit, construct, own in whole or in 
part. operate or otherwise facilitate the construction or 
operation of: 
(1) Electric transmission lines necessary to connect 
electric 
utilities 
in 
northern 
Maine 
with 
the 
transmission grid of the United States or Canada: or 
COMMITTEE AMENDMENT 
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COMMITTEE AMENDMENT .. tI .. to S.P. 86, L.D. 163 
(2) Facilities for the transmission of natural gas and 
generation or production and transfer of 
any other 
energy resources in the northern region of the State. 
Sec. 7. 10 MRSA §9202, sub-§§I-A and I-B are enacted to read: 
I-A. 
Construction: other approvals. 
This chapter may not 
be interpreted to exempt the construction. ownership or operation 
of any project or facility from any approval required by law or 
rule. including but not limited to any approval required pursuant 
to Title 35-A. chapter 21, or to alter the franchise rights of 
any transmission and distribution utility. 
The corporation may not finance. permit. construct, own in whole 
or in part or operate any electric transmission line capable of 
operating at 69 kilovolts or more unless the Public Utilities 
Commission has issued a certificate of public convenience for the 
construction of the line pursuant to Title 35 A, section 3132. 
I-B. 
Records disclosure and confidentiality. 
Records of 
the corporation, as a subsidiary of the authority. are subject to 
the 
disclosure 
and 
confidentiality 
proy~s~ons governing 
the 
records of the authority under section 975-A. 
Sec. 8. 10 MRSA §9203, sub-§3, as enacted by PL 1999, c. 513, 
§6, is amended to read: 
3. 
Acceptance 
of 
proposals 
for 
connections. 
The 
corporation shall request and receive proposals from public and 
private entities to finance, permit, construct or operate any 
natural gas or electric transmission lines necessary to connect 
e*eet~ie the facilities of any transmission and distribution 
utilities and natural gas customers in the northern part of the 
State with the transmission grid ef and natural gas transmission 
system outside of northern Maine in the United States or Canada, 
and may approve those proposals if they are in keeping with the 
intent of this chapter. 
If the corporation approves a project. 
the authority may separately consider providing financing for the 
project pursuant to section 1053. subsection 6, paragraph F if 
the proponent of the project submits a completed application to 
the authority. 
Sec. 9. 10 MRSA §9203, sub-§§4, 5 and 6 are enacted to read: 
4. 
Conduct studies. 
The corporation may conduct or fund 
such studies. including, but not limited to. feasibility studies. 
as may be necessary and convenient to the performance of its 
duties. 
COMMITTEE AMENDMENT 
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\~.~,,~ 
COMMITTEE AMENDMENT .. A 
.. to S.P. 86, L.D. 163 
5. 
Rulemaking. 
The 
corporation 
may 
adopt 
any 
rule, 
including rules establishing its bylaws, necessary or useful for 
carrying out any of its powers or duties. 
Rules adopted under 
this subsection may 
provide for 
fees 
charged for 
review of 
~ct applications. 
Rules adopted under this subsection are 
routine 
technical 
rules 
pursuant 
to Title 
5, 
chapter 
375, 
subchapter 2-A. 
6. 
Contracts. 
The corporation may enter into contracts 
with 
the authority for 
the provision of administrative 
and 
underwriting services. 
Sec. 10. 10 MRSA §9204, sub-§2, as enacted by PL 1999, c. 513, 
§6, is amended to read: 
2. 
Administrative 
expenses. 
Costs 
and 
expenses 
of 
maintaining, 
serv~c~ng 
and 
administering 
the 
fund 
and 
of 
~p,""e,-",r ..... f,""o"-,r,-,-m...,i"-,n",,,gtJ-... a .... n"'Y---.lp,,",o,,-,w,,-,e,,-,r,,-,s,,---,,,o'-"r'-----'d"'-u ... t~i"'-e_"'_s___'u""n""'d"'e""'r"____"t .... h .... i ... s"____"'c±!h""a""p'-"t'-"e'-"-r may be pai d 
out of amounts in the fund. 
Sec. 11. 35·A MRSA §2102, sub-§2·A, as enacted by PL 1999, c. 
513, §7, is repealed. 
Sec. 12. 35·A MRSA §3132, sub-§2, as amended by PL 1999, c . 
398, Pt. A, §46 and affected by §§l04 and 105, is further amended 
to read: 
2. 
Construction of transmission line. 
Except as otherwise 
provided 
in 
subsection 
3-A, 
whenever 
any 
transmission 
and 
distribution utility or utilities propose to erect within this 
State a transmission line capable of operating at 100 kilovolts, 
or more, 
or a transmission line capable of operating at 69 
kilovolts or more that is proposed to be financed, permitted, 
constructed, 
owned in whole or in part or operated by the 
Northern Maine Transmission Corporation pursuant to Title 10, 
chapter 
1003 or financed by the Finance Authority of Maine 
pursuant to Title 10, section 1053, subsection 6, paragraph F, 
the utility or utilities or project proponent shall file 
a 
petition for the approval of the proposed line. 
The petition for 
approval of the proposed transmission line must contain such 
information as the commission by rule prescribes. 
The petition 
for approval must be set down for public hearing. 
The commission 
shall issue its order within 6 months after the petition is filed 
unless this period is extended either by agreement of all the 
parties or by the commission upon its determination that the 
party seeking the extension would, 
because of 
circumstances 
beyond that party's control, be unreasonably disadvantaged unless 
the extension were granted, provided that the party to that time 
had prosecuted its case in good faith and with due diligence. 
COMMITTEE AMENDMENT 
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COMMITTEE AMENDMENT .. A 
.. to S.P. 86, L.D. 163 
At the time of filing of a petition for approval of a proposed 
line under this section, the utility shall send a copy of the 
petition by certified mail to the municipal officers of the 
municipality or municipalities in which the line is to be located. 
Sec. 13. 3S-A MRSA §3132, sub-§§2-A and 2-B are enacted to 
read: 
2-A. 
Other projects requiring approval. 
The 
commission 
shall 
by 
rule or order 
adopt 
standards 
and 
procedures 
for 
processing an application 
from 
an 
applicant that is not 
a 
transmission and distribution utility for a certificate of public 
convenience and necessity under this section for a transmission 
line capable of operating at 69 
kilovolts or more that is 
proposed to be financed, permitted, constructed, owned in whole 
or 
in part or 
operated 
by 
the Northern 
Maine 
Transmission 
Corporation pursuant to Title 10, chapter 1003 or financed by the 
Finance Authority of Maine pursuant to Title 10, section 1053, 
subsection 6, paragraph F. 
Except as the commission determines 
otherwise appropriate, the standards and procedures must conform 
as far as possible with those that would apply to an application 
from 
a 
transmission and distribution utility. 
Rules 
adopted 
pursuant to this 
subsection are 
routine 
technical 
rules 
as 
defined in Title 5, chapter 375, subchapter 2-A. 
2-B. 
Standards for certain projects. 
The commission may 
deny a certificate 
of public convenience and necessity for a 
transmission line capable of operating at 69 kilovolts or more 
that is proposed to be financed, permitted, constructed, owned in 
whole or in part or operated by the Northern Maine Transmission 
Corporation pursuant to Title 10, chapter 1003 or financed by the 
Finance Authority of Maine pursuant to Title 10, section 1053, 
subsection 6, 
paragraph F 
upon 
a 
finding that the line is 
reasonably 
likely to 
adversely 
affect 
any 
transmission 
and 
distribution utility or its customers. 
Sec. 
14. 
Appropriations 
and 
allocations. 
appropriations and allocations are made. 
FINANCE AUTHORITY OF MAINE 
Northern Maine Transmission Corporation 
The 
following 
Initiative: 
Provides 
funds 
for 
the 
cost 
of 
conducting 
an 
evaluation 
of 
electric 
transmission 
interconnections 
between 
northern Maine and the rest of the United States and Canada, the 
transmission of natural gas or other energy resources in northern 
Maine 
and the construction of additional electric generation 
COMMITTEE AMENDMENT 
~-\ t';!;.,~i:~1: 
\-, -
COMMITTEE AMENDMENT ,~" to S.P. 86, L.D. 163 
facilities in or adjacent to northern Maine and other feasibility 
studies as may be necessary. 
General Fund 
All Other 
General Fund Total 
Northern Maine Transmission Corporation 
2003-04 
$300,000 
$300,000 
2004-05 
$0 
$0 
Initiative: 
Provides funds for meeting expenses for the Northern 
Maine Transmission Corporation. 
General Fund 
2003-04 
2004-05 
All Other 
$15,000 
$15,000 
General Fund Total 
$15,000 
$15,000 
FINANCE AUTHORITY OF MAINE 
DEPARTMENT ".l'O'1'ALS 
2003-04 
2004-05 
GENERAL FUND 
$315,000 
$15,000 
DEPARTMENT 'l'OTAL -
ALL FUNDS 
$315,000 
$15,000' 
SUMMARY 
This amendment replaces the bill. 
This amendment: 
1. 
Authorizes the Finance Authority of Maine to issue up to 
$100,000,000 
in moral 
obligation bonds 
to 
fund 
transmission 
facilities projects, including projects approved by the Northern 
Maine 
Transmission 
Corporation 
or 
other 
electric 
or 
gas 
transmission or energy generation facilities, to benefit northern 
Maine; 
2. 
Establishes certain criteria for the issuance of such 
bonds, allows the Finance Authority of Maine to charge certain 
fees of applicants and requires electric transmission projects of 
kilovolts 
or 
more 
to 
receive 
a 
certificate 
of 
public 
convenience and necessity from the Public Utilities Commission; 
3. 
Expands the purposes of the Northern Maine Transmission 
Corporation 
to 
include 
financing, 
permitting, 
constructing, 
owning, operating or otherwise facilitating the construction or 
operation of facilities for the transmission of natural gas and 
generation or production and transfer of any other energy source 
in northern Maine; 
COMMITTEE AMENDMENT 
COMMITTEE AMENDMENT ,,~, to S.P. 86, L.D. 163 
4. 
Clarifies 
that 
the 
records 
Transmission Corporation are subject to 
provisions as the records of the Finance 
of 
the 
Northern 
Maine 
the same confidentiality 
Authority of Maine; 
5. 
Authorizes the Northern Maine Transmission Corporation 
to adopt rules and enter into contracts; 
6. 
Allows 
the 
Public Utilities 
Commission 
to 
deny 
a 
certificate of public convenience and necessity for an electric 
transmission line proposed to be financed by the Northern Maine 
Transmission Corporation or the Finance Authority of Maine if the 
commission finds 
the line is reasonably likely to adversely 
affect 
any 
transmission 
and 
distribution 
utility 
or 
its 
ratepayers; and 
7. 
Provides funds for the operation of the Northern Maine 
Transmission Corporation and for it to conduct certain studies. 
FISCAL NOTE REQUIRED 
(See attached) 
Page l1-LRI626(2} 
COMMITTEE AMENDMENT 
Net Cost (Savings) 
General Fund 
Appropriations/Allocations 
General Fund 
Fiscal Detail and Notes 
Approved: 04/04/03 ;;:'b;?ac. 
12lst Maine Legislature 
Office of Fiscal and Program Review 
LDl63 
An Act to Provide Energy Opportunities to Northern Maine 
LR 1626(02) 
Fiscal Note for Bill as Amended by Committee Amendment 'A' s-1~ 
Committee: Utilities and Energy 
Fiscal Note Required: Yes 
Fiscal Note 
2003-04 
$315,000 
$315,000 
2004-05 
$15,000 
$15,000 
Projections 
2005-06 
$15,000 
$15,000 
Projections 
2006-07 
$15,000 
This bill includes General Fund appropriations 0[$315,000 in fiscal year 2003-04 and $15,000 beginning in fiscal 
year 2004-05 for the Finance Authority of Maine for the operation of the Northern Maine Transmission Corporation 
and to conduct certain studies. Increasing the Finance Authority of Maine's revenue obligation securities limit by 
$100,000,000 extends the moral obligation of the State. Costs associated with reviewing certificates of public 
convenience and evaluating project feasibility can be absorbed by the Public Utilities Commission utilizing existing 
budgeted resources. 
LR1626(2) - Fiscal Note - Page 1 of 1