Chapter 23J of the General Laws, as appearing in the 2022 Official Edition, is hereby amended by adding the following section:-

SECTION 13. The department shall annually, not later than August 15, submit to the governor, the joint committee on telecommunications, utilities and energy, the joint committee on environment and the senate and house committees on ways and means a report detailing all expenditures over the previous fiscal year from alternative compliance payments received by the department and from the redemption or sale by the department of certificates or credits authorized and created by present or future programs developed under chapter 21N of the General Laws, including but not limited to 310 CMR 7.75 and 310 CMR 7.77.  Said report shall include a description of (i) the cost impacts of these expenditures on ratepayers of electric distribution companies or gas companies, as those terms are defined in section 1 of chapter 164 of the General Laws, and other entities which are under the jurisdiction of the department and participating in said programs; provided further, impacts shall include approximate monthly bill impacts delineated by customer class or group; and (ii) how said expenditures contribute to achieving compliance with limits and sublimits established pursuant to sections 3 and 3A of chapter 21N of the General Laws.