PUBLIC Law Chapter 665

	4-A.__Renewables; hedging.__The commission shall adopt rules
establishing standards and procedures for incorporating renewable
resources that are constructed after March 1, 2004 into standard-
offer service.__The rules must provide for the incorporation of
such resources if the commission finds that the incorporation
will reduce the risk of price volatility, offer an effective
hedging strategy and provide a competitively priced supply
option.__The commission may enter into or require standard-offer
providers chosen by a competitive bidding process to enter into
contracts with appropriate terms in order to achieve the purposes
of this subsection consistent with the legislative findings
established in chapter 34 and rules adopted pursuant to this
subsection.__For purposes of this subsection, "renewable
resources" has the same meaning as in section 3210, subsection
2.__ Rules adopted pursuant to this subsection are major
substantive rules, as defined in Title 5, chapter 375, subchapter
2-A, and must be submitted to the Legislature for review by March
1, 2005.

Sec. 3. 35-A MRSA c. 34 is enacted to read:

CHAPTER 34

THE MAINE WIND ENERGY ACT

§3401.__Short title

This chapter may be known and cited as "the Maine Wind Energy
Act."

§3402.__Legislative findings

The Legislature finds that it is in the public interest to
explore opportunities for and encourage the development, where
appropriate, of wind energy production in the State in a manner
that is consistent with high environmental standards and that
achieves reliable, cost-effective, sustainable energy production
on those sites in the State that will attract investment and
permit the development of viable wind energy projects.__The
Legislature finds that the development of the wind energy
potential in the State needs to be integrated into the existing
energy supply and transmission systems in a way that achieves
system reliability, total capital cost-effectiveness and optimum
short-term and long-term benefits to Maine people.

§3403.__Specific measures to support wind energy

1.__Monitoring.__The commission shall monitor electricity
markets and sale opportunities physically accessible to wind
power installations in this State to determine whether such

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