SECTION 1: Chapter 25A of the general laws, as appearing in the 2002 edition, is hereby amended by inserting after section 11I the following section:

Section 11J: Notwithstanding the provisions of this chapter or any law to the contrary, on or before December 31, 2018, all persons (including but not limited to electric, gas, transmission, generation, and distribution companies, and corporations to which chapter  164 of the general laws applies) that own or operate coal-fired electric generation facilities or cogeneration facilities in Massachusetts shall submit to the commissioner of energy resources a plan for (1) retiring their coal-fired facilities by December 31, 2020, or (2) replacing such facilities with, or repowering them for (a) renewable energy generating sources or (b) natural gas (so long as the new or repowered facility’s carbon dioxide emissions are equivalent to or less than those of a combined heat-and-power natural gas generating unit) by December 31, 2020.

The commissioner shall review the plan and enter an order allowing, denying, or modifying the plan within 90 days.

There is hereby established within the department of energy resources and set upon the books of the commonwealth a Community Repowering Fund for the purpose of mitigating impacts of the retirement of coal-fired electric generation facilities on employees of such facilities and on the municipalities where such facilities are located. There shall be credited to the fund revenue from appropriations or other monies authorized by the general court and specifically designated to be credited to the fund, and gifts, grants, private contributions, repayment of loans, investment income earned on the fund’s assets, and all other sources.  Money remaining in the fund at the end of a fiscal year shall not revert to the general fund.

The department shall maintain the fund as a separate fund, and shall cause it to be audited by an independent accountant on an annual basis in accordance with accepted accounting principles.

The commissioner shall be treasurer, trustee, and custodian of the fund, and shall administer such fund in accordance with the provisions of this section, and shall pay all warrants drawn upon it in accordance with the provisions of this section and with such regulations as the department may promulgate.

A governing board of not less than nine individuals with an interest in matters relating to the general purpose of the fund shall assist the department in matters related to the fund and in the implementation of this section.  The governing board shall include: the commissioner, who shall serve as chair; the secretary of energy and environmental affairs or a designee; the secretary of labor and workforce development or a designee; the secretary of housing and economic development or a designee; a representative of a labor organization representing electric-generation facilities workers recommended by the president of the Massachusetts AFL-CIO; a representative of the Massachusetts Municipal Association; and three members to be appointed by the governor, who shall have knowledge and experience in the following areas: regional environmental concerns; academic issues related to power generation, distribution or the development or commercialization of renewable energy sources; institutions of higher education; vocational training; and renewable and alternative energy, and energy efficiency issues.

This statute shall not be construed so as to amend or alter the meaning of section 142D of chapter 111 of the general laws.