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2010 SESSION

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HB 92 Renewable energy certificates; tariff filed by cooperative for electric energy.

Introduced by: Terry G. Kilgore | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Electric cooperatives; renewable energy certificates.  Provides that an electric cooperative is deemed to offer a tariff for electric energy provided 100 percent from renewable energy if it provides undifferentiated electric energy and the cooperative retires a quantity of renewable energy certificates (RECs) equal to 100 percent of the electric energy provided pursuant to such tariff.  This measure applies for such tariffs filed on or after July 1, 2010, for residential customers and filed on or after July 1, 2012, for nonresidential customers.  A REC is defined, with respect to cooperatives, as a tradable commodity or instrument issued by a regional transmission entity that validates the generation of electricity from renewable energy sources or that is certified under a generally recognized REC standard. A cooperative offering renewable energy that involves the retirement of RECs shall disclose information regarding source of the energy to customers.  The measure also permits electric utility customers to continue purchasing renewable energy pursuant to the terms of a power purchase agreement that was in effect on the date the cooperative files tariff for the incumbent electric utility that serves the exclusive service territory in which the customer is located to offer electric energy provided 100 percent from renewable energy for the duration of the power purchase agreement.


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