LD 1929
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Page 1 of 3 An Act To Promote Economic Development in the State by Encouraging the Producti... Page 3 of 3
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LR 2811
Item 1

 
3.__Tier 1 portfolio requirement.__As a condition of licensing
pursuant to section 3203, each competitive electricity provider
in this State must demonstrate in a manner satisfactory to the
commission that the competitive electricity provider meets the
Tier 1 portfolio requirement. For purposes of this section, the
Tier 1 portfolio requirement is met if at least 30% of each
competitive electricity provider's portfolio of supply sources
for retail electricity sales in this State is accounted for by
eligible resources.

 
Sec. 4. 35-A MRSA §3210, sub-§3-A is enacted to read:

 
3-A.__Tier 2 portfolio requirements.__Beginning March 1, 2005,
as a condition of licensing pursuant to section 3203, each
competitive electricity provider in this State must demonstrate
in a manner satisfactory to the commission that the competitive
electricity provider meets the Tier 2 portfolio requirement.__For
purposes of this section, the Tier 2 portfolio requirement is met
if at least 1% of the competitive electricity provider's
portfolio of supply sources for retail electricity sales in this
State is accounted for by the resources listed in subsection 2,
paragraph C, subparagraphs (1) to (6).__This percentage increases
by 1/2% each March 1st until it reaches 5% on March 1, 2013.

 
Sec. 5. 35-A MRSA §3210, sub-§4, as amended by PL 1999, c. 398, Pt. I,
§3, is repealed.

 
Sec. 6. 35-A MRSA §3210, sub-§§4-A to 4-D are enacted to read:

 
4-A.__Ineligible resources.__If a competitive electricity
provider represents to a customer that the provider is selling to
the customer a portfolio of supply sources that includes more
than 30% eligible resources, the resources necessary to supply
more than 30% of that customer's load may not be applied to meet
the aggregate 30% portfolio requirement.

 
4-B. Alternative compliance mechanism.__Beginning March 1,
2005, a competitive electricity provider may meet all or part of
the Tier 2 portfolio requirements under subsection 3-A by making
an alternative compliance payment to the Maine Renewable Power
Fund established in subsection 4-C.__The payment to meet any
unmet requirements is calculated by multiplying the unmet
megawatt hour requirement for the Tier 2 portfolio requirement by
$35 per megawatt hour.__The commission shall determine whether,
due to changes in electricity markets or the changes in law, the
alternative compliance amounts established in this subsection
should be increased or decreased in order to ensure that the
goals of this section are being achieved at the lowest cost to


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