# Maine LD 1412: An Act to Increase Contingency Reserves for Maine's Consumer-owned Electric Transmission and Distribution Utilities

Maine LD 1412, An Act to Increase Contingency Reserves for Maine's Consumer-owned Electric Transmission and Distribution Utilities, is a 132nd Maine Legislature (2025-2026) House bill sponsored by John Ducharme (Republican); status signed, last action 2025-06-09 (Signed by Governor, ACTPUB Chapter 214); PRIA reads it as touching household money (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/ME-LD1412-132
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Maine LD 1412
- State: Maine
- Session: 132nd Maine Legislature (2025-2026)
- Title: An Act to Increase Contingency Reserves for Maine's Consumer-owned Electric Transmission and Distribution Utilities
- Status: signed
- Chamber: House
- Introduced: 2025-04-01
- Last action: 2025-06-09, Signed by Governor, ACTPUB Chapter 214
- Sponsor: John Ducharme (Republican)
- Cosponsors: 7
- Subjects: ELECTRIC UTILITIES, ELECTRIC UTILITIES - PLANNING
- Touches household money: yes
- Economic provisions PRIA read: 1

## Summary

No summary available.

## Bill overview: provisions PRIA read

- Bigger utility reserves, guardrails for ratepayers: mixed, low. Maine consumer-owned electric utilities now have a higher reserve cap: 40% of yearly revenues above operating needs. The 40% calculation excludes purchased power costs. The Public Utilities Commission can approve a higher percentage. A year-end balance cannot exceed the allowed target; any excess m…

## Sponsors and cosponsors

- Sponsor: John Ducharme (Republican), House
- Cosponsor: Daniel Sayre (Democratic), House
- Cosponsor: Gregory Swallow (Republican), House
- Cosponsor: Trey L. Stewart (Republican), Senate
- Cosponsor: Joseph Rafferty (Democratic), Senate
- Cosponsor: Roger Albert (Republican), House
- Cosponsor: Steven Foster (Republican), House
- Cosponsor: Susan Bernard (Republican), Senate

## Actions (7)

- 2025-06-09: Signed by Governor, ACTPUB Chapter 214
- 2025-06-02: PASSED TO BE ENACTED, in concurrence. (Senate)
- 2025-06-02: PASSED TO BE ENACTED. Sent for concurrence. ORDERED SENT FORTHWITH. (House)
- 2025-05-29: Reports ReadOn motion by Senator LAWRENCE of York the Majority Ought to Pass as Amended by Committee Amendment "A" (H-286) Report ACCEPTED. Bill READ ONCE. Committee Amendment "A" (H-286) READ and ADOPTED. Under suspension of the Rules, READ A SECOND TIME and PASSED TO BE ENGROSSED AS AMENDED by Committee Amendment "A" (H-286) in concurrence. (Senate)
- 2025-05-28: Reports READ.On motion of Representative SACHS of Freeport, the Majority Ought to Pass as Amended Report was ACCEPTED.The Bill was READ ONCE.Committee Amendment "A" (H-286) was READ and ADOPTED.Under suspension of the rules, the Bill was given its SECOND READING without REFERENCE to the Committee on Bills in the Second Reading.The Bill was PASSED TO BE ENGROSSED as Amended by Committee Amendment "A" (H-286). Sent for concurrence. ORDERED SENT FORTHWITH. (House)
- 2025-04-01: The Bill was REFERRED to the Committee on ENERGY, UTILITIES AND TECHNOLOGY in concurrence (Senate)
- 2025-04-01: Committee on Energy, Utilities and Technology suggested and ordered printed. The Bill was REFERRED to the Committee on ENERGY, UTILITIES AND TECHNOLOGY.Sent for concurrence. ORDERED SENT FORTHWITH. (House)

## Bill text

- Amendment C-A (H-286), adopted by House & Senate: [PDF](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=HP0934&item=2&snum=132)
- Enacted: [PDF](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=HP0934&item=4&snum=132)
- Introduced: [PDF](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=HP0934&item=1&snum=132)

## Related bills

- LD 1522: An Act to Establish the Maine Eviction Prevention Program (failed)
- LD 1665: An Act to Provide Property Tax Relief to Maine Families (failed)
- LD 1872: An Act to Reinvest in the Pension Funds of the Maine Public Employees Retirement System (failed)
- LD 2067: An Act to Include Community Mental Health Workers Under the 1998 Special Plan for Retirement (failed)
- LD 1611: An Act to Decrease the Retirement Contributions Required for Teachers and State Employees (failed)
- LD 1294: An Act to Expand the Dependent Exemption Tax Credit (failed)

## Sources
- [Amendment C-A (H-286), adopted by House & Senate (PDF)](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=HP0934&item=2&snum=132)
- [Enacted (PDF)](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=HP0934&item=4&snum=132)
- [Introduced (PDF)](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=HP0934&item=1&snum=132)

## Related
- [LD 1522: An Act to Establish the Maine Eviction Prevention Program](https://policyrisk.com/state-bill/ME-LD1522-132)
- [LD 1665: An Act to Provide Property Tax Relief to Maine Families](https://policyrisk.com/state-bill/ME-LD1665-132)
- [LD 1872: An Act to Reinvest in the Pension Funds of the Maine Public Employees Retiremen…](https://policyrisk.com/state-bill/ME-LD1872-132)
- [LD 2067: An Act to Include Community Mental Health Workers Under the 1998 Special Plan f…](https://policyrisk.com/state-bill/ME-LD2067-132)
- [LD 1611: An Act to Decrease the Retirement Contributions Required for Teachers and State…](https://policyrisk.com/state-bill/ME-LD1611-132)
- [LD 1294: An Act to Expand the Dependent Exemption Tax Credit](https://policyrisk.com/state-bill/ME-LD1294-132)
- [Maine bills](https://policyrisk.com/states/maine/bills)
- [Maine state hub](https://policyrisk.com/states/maine)
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Source: PRIA, https://policyrisk.com/state-bill/ME-LD1412-132 (as of 2026-10-17).