This bill amends the laws governing electric industry restructuring as they relate to the 30% renewable portfolio standard. The bill defines "eligible renewable resource" to mean an electrical generator facility that relies on one or more of the following fuel sources: fuel cells that use hydrogen produced by the electricity generated by a renewable fuel; tidal power; solar arrays and installations; wind power; geothermal energy; hydroelectricity with a capacity that does not exceed 30 megawatts; biomass; landfill gas; or municipal solid waste in conjunction with recycling. The bill requires that, beginning March 1, 2005, no less than 0.5% of supply sources for retail electricity sales in this State is accounted for by eligible renewable resources that are constructed after January 1, 2002. This percentage increases 0.5% per year until it reaches 5% in 2014. The bill directs the Public Utilities Commission to establish the Maine Renewable Resource Fund to support eligible renewable resources in this State, renewable resource research and development and to fund demonstration community projects using renewable energy technologies.