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MaineLD 1700132nd Maine Legislature (2025-2026)HouseWALLET

An Act to Create a Direct Investment Pilot Project Under the Maine Clean Energy and Sustainability Accelerator

Sponsored By: Melanie Sachs (Democratic)

Became Law

ELECTRIC UTILITIESELECTRIC UTILITIES - PLANNING

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Clean energy loans added, leases limited

Beginning June 10, 2025, the Maine Clean Energy and Sustainability Accelerator can make direct loans to qualified projects. The law removes leases from its standard financing tools. Efficiency Maine Trust runs a new pilot for renewable power and grid tech through the accelerator. The Trust must put at least $1 million to work within 24 months, when funds are available. For the pilot, the Trust may use loans, equity, credit support, aggregation, and leases, with approval by the Trust’s board.

Sponsors & Cosponsors

Sponsor

  • Melanie Sachs

    Democratic • House

Cosponsors

  • Christopher Kessler

    Democratic • House

  • Kilton Webb

    Democratic • House

  • Mark W. Lawrence

    Democratic • Senate

  • Mathew McIntyre

    Republican • House

  • Nicole C. Grohoski

    Democratic • Senate

  • Sophia Warren

    Democratic • House

  • Valli Geiger

    Democratic • House

  • Walter Runte

    Democratic • House

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. ACTPUB Chapter 223

    6/10/2025

  2. PASSED TO BE ENACTED, in concurrence.

    5/28/2025Senate

  3. PASSED TO BE ENACTED. Sent for concurrence. ORDERED SENT FORTHWITH.

    5/28/2025House

  4. Reports ReadOn motion by Senator LAWRENCE of York the Majority Ought to Pass as Amended Report ACCEPTED. Bill READ ONCE. Committee Amendment "A" (H-241) READ and ADOPTED. Under suspension of the Rules, READ A SECOND TIME and PASSED TO BE ENGROSSED AS AMENDED by Committee Amendment "A" (H-241) in concurrence.

    5/27/2025Senate

  5. 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-241) 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-241). Sent for concurrence. ORDERED SENT FORTHWITH.

    5/22/2025House

  6. The Bill was REFERRED to the Committee on ENERGY, UTILITIES AND TECHNOLOGY in concurrence

    4/17/2025Senate

  7. 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.

    4/17/2025House

Bill Text

  • Amendment C-A (H-241), adopted by House & Senate

    PDF

  • Enacted

    PDF

  • Introduced

    PDF

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