LD 302
pg. 2
Page 1 of 2 An Act To Make Adjustments to the Renewable Energy Portfolio LD 302 Title Page
Download Bill Text
LR 1342
Item 1

 
4. Report. In view of property tax benefits, developments in
other states and the development of a market for tradable
credits for satisfying eligible resource requirements, the
commission shall review the 30% 20% portfolio requirement and
make a recommendation for any change to the joint standing
committee of the Legislature having jurisdiction over utilities
and energy matters no later than 5 years after the beginning of
retail competition.

 
SUMMARY

 
This bill amends the energy portfolio requirements of the
electric restructuring law.

 
Under current law, renewable resources that qualify under
the portfolio requirement include any facility that qualifies
as a small power production facility under the Federal Energy
Regulatory Commission rules and generators of less than 100
megawatts that rely on renewable resources. The bill removes
the 100 megawatt limitation.

 
Under current law, 30% of a competitive electricity
provider's portfolio of supply sources for retail electricity
sales in this State must be accounted for by eligible
resources, as defined by the law. This bill reduces this
percentage to 20%.


Page 1 of 2 Top of Page LD 302 Title Page