FY2014 - FY2018 Capital Investment Plan
Report - Investment Category - Energy and Environment

The Executive Office of Energy and Environmental Affairs (EEA) develops policies and targets capital investments that balance sustainable economic development, quality of life and resource protection, in order to ensure that Massachusetts is a great place to live, work, learn and play for generations to come.

The following graph reflects the Administration’s estimated capital investment in energy and environmental affairs projects and programs over the next five years, as compared to fiscal years 2007 and 2013 energy and environment related spending.

Vertical bar chart showing amounts spent on Energy and Environment for FY07 through FY18, from sources State Bond Cap, Project Financed, Federal Funds, Other Funds.

Administration Accomplishments to Date

FY14 Highlights

Accelerated Energy Program

The Patrick Administration launched the Accelerated Energy Program (AEP) in FY12 to accelerate the implementation of energy and water projects across the Commonwealth and help the Commonwealth comply with E.O. 484 - Leading By Example, which requires state agencies to reduce greenhouse gas emissions, energy and water use by specified targets. As part of the program, DCAMM plans to green 700 sites in 700 working days, by December 31, 2014.  The sites encompass over 4,000 buildings and nearly 60 M square feet throughout the Commonwealth.

AEP is a three-year initiative that will create clean energy job opportunities across the Commonwealth and save over $40 M annually through the conservation of energy and water. The program is funded primarily from the Clean Energy Investment Program (CEIP), which uses utilities savings from projects to repay the bonds used for the project. This is an innovative financing approach developed by the Executive Office for Administration and Finance (A&F) that allows these important projects to go forward without impacting the Commonwealth’s bond cap. AEP also expects to leverage over $40 M in utility incentives.

Administration Accomplishments to Date

FY14 Highlights