‘An Act To Ensure Ratepayer Benefits from Long-term Contracts for Renewable Energy Credits’
| SP0218 LD 729 |
First Regular Session - 125th Maine Legislature C "A", Filing Number S-193, Sponsored by
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LR 959 Item 2 |
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| Bill Tracking, Additional Documents | Chamber Status | ||
Amend the bill by striking out the title and substituting the following:
‘An Act To Ensure Ratepayer Benefits from Long-term Contracts for Renewable Energy Credits’
Amend the bill by striking out everything after the enacting clause and before the summary and inserting the following:
‘Sec. 1. 35-A MRSA §3210-C, sub-§3, ¶C, as enacted by PL 2009, c. 518, §3, is amended to read:
Sec. 2. 35-A MRSA §3210-C, sub-§10, as amended by PL 2007, c. 575, §5 and c. 656, Pt. B, §5, is further amended to read:
Sec. 3. Application. The sections of this Act that amend the Maine Revised Statutes, Title 35-A, section 3210-C do not apply to contracts entered into pursuant to Public Law 2009, chapter 615, Part A, section 6.’
SUMMARY
This amendment is the majority report of the Joint Standing Committee on Energy, Utilities and Technology. This amendment amends the long-term contracting law to require that the price paid by the investor-owned transmission and distribution utility for the renewable energy credits must be lower than the price received for those renewable energy credits at the time they are sold by the transmission and distribution utility. It repeals the condition that the Public Utilities Commission cannot direct an investor-owned transmission and distribution utility to enter into a long-term contract until after major substantive rules are finally adopted.