|
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. |
|
|