| | |
ratepayers in the State.__In making this determination the | | commission shall consider the total installed megawatts and the | | megawatt hours generated by efficient resources and renewable | | resources in the State.__The commission shall submit its findings | | along with any recommended legislation to the joint standing | | committee of the Legislature having jurisdiction over utilities and | | energy matters by December 15, 2007. |
|
| | | 4-C. Maine Renewable Power Fund.__There is established the | | Maine Renewable Power Fund, referred to in this subsection as | | "the fund." The fund is a nonlapsing fund. The commission shall | | administer the fund and disperse payments made by competitive | | electricity providers to meet any unmet Tier 2 portfolio | | requirement to resources eligible for the Tier 2 portfolio | | requirement in the form of per megawatt hour support payments. |
|
| | | 4-D.__Credit trading.__Beginning March 1, 2005, the commission | | shall allow competitive electricity providers to satisfy the | | portfolio requirements of subsection 3-A through renewable energy | | credits if the commission determines that a reliable system of | | electricity attribute trading exists. |
|
| | | Sec. 7. 35-A MRSA §3210, sub-§7 is enacted to read: |
|
| | | 7. Rules.__The commission shall adopt rules necessary to | | implement this section, including rules governing the | | disbursement of money from the Maine Renewable Power Fund.__Rules | | adopted pursuant to this subsection are major substantive rules | | pursuant to Title 5, chapter 375, subchapter 2-A. |
|
| | | This bill amends the renewable resources portfolio standard to | | encourage economic development opportunities in the State, | | increase the State's use of renewable resources to generate | | electricity and reduce greenhouse gas emissions from the State's | | electricity supply portfolio. |
|
|
