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2010 SESSION

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HB 1022 RPS program; electric utility to receive triple credit when energy derived from offshore wind.

Introduced by: Timothy D. Hugo | all patrons    ...    notes | add to my profiles

SUMMARY AS ENACTED WITH GOVERNOR'S RECOMMENDATION: (all summaries)

Renewable energy portfolio standard program.  Provides that an investor-owned electric utility will receive triple credit toward meeting the goals of the renewable energy portfolio standard program for energy derived from offshore wind. The measure also provides that an electric utility that participates in the renewable energy portfolio standard program may sell renewable energy certificates produced at its own generation facilities located in the Commonwealth or, if located outside the Commonwealth, owned by the utility and in operation as of January 1, 2010, or renewable energy certificates acquired as part of a purchase power agreement, to another entity and purchase lower cost renewable energy certificates.  The net difference in price between the renewable energy certificates is required to be credited to customers.


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