Speaker Finneran has been a strong advocate of energy efficiency and
conservation during his tenure in the Legislature.
|"Energy is a limited resource upon which we all depend.
Increasing the availability of clean and inexpensive fuels at
a fair cost will strengthen the future of our Commonwealth."
-Speaker Tom Finneran
Under Speaker Finneran's leadership, the House of Representatives
passed the Energy Restructuring Act of 1997, which restructured
the electricity industry in the Commonwealth to foster competition
and to promote reduced electricity rates. The reforms have encouraged
innovation, efficiency, and improved service from all market participants,
and they have allowed the Commonwealth to save money on the cost
of regulatory oversight. They have also provided significant savings
of over a billion dollars since 1998 to electricity consumers, making
our state more economically competitive for businesses and more
livable for residents. This year, the House extended the energy
efficiency surcharge established in that legislation. The surcharge
has supported energy efficient investments including the installation
of high efficiency lighting, the construction of high efficiency
homes, and the retrofit of existing buildings. It has aided communities
and businesses around the state, and it has saved customers over
$1.8 billion on energy expenses. The House plan included funding
for energy efficiency programs that improve system reliability,
reduce harmful air emissions, and lower wholesale electric prices.
The energy efficiency surcharge also makes energy efficiency programs
available to customers who are unable to pay the cost of the new
technologies. In addition, during the last year, Speaker Finneran
attended a daylong roundtable "Cracker Barrel" bringing
together energy companies, environmentalists, businesspeople, and
government officials to discuss energy efficiency.
Tom Finneran remains committed to continuing the deregulation process
and finding more ways to expand our supplies of clean and inexpensive