Energy: alternative sources; electricity generated from RICE generators; authorize use of to meet renewable and clean energy standards. Amends secs. 28, 29 & 32 of 2008 PA 295 (MCL 460.1028 et seq.) & adds sec. 34.
The long-term goal of HB 4283 is to enhance the state's commitment to sustainable energy practices. By defining clear benchmarks for renewable energy credits, electric providers are pushed toward adopting more clean energy technologies. Additionally, the bill allows electricity generated from reciprocating internal combustion engines to count toward compliance if these engines are utilized to phase out coal-fired generation in the Upper Peninsula, reflecting a focus on a just transition for energy sources.
House Bill 4283 amends the Clean and Renewable Energy and Energy Waste Reduction Act of 2008, focusing on adjusting the renewable energy credit portfolio requirements for electric providers in Michigan. The legislation mandates that electric providers achieve specific thresholds for renewable energy credits over the coming years: 15% by 2029, 50% from 2030 to 2034, and 60% starting in 2035. This structured increase aims to accelerate the transition towards renewable energy sources and reduce reliance on fossil fuels throughout the state.
While many support the objectives of HB 4283, there are concerns regarding its implementation and impacts, particularly from stakeholders who may be economically affected by the transition away from coal. Critics argue that the requirements for renewable energy credits could strain resources, especially for smaller electric providers. They also raise questions about reliability and affordability of electricity as the state undergoes these significant shifts, necessitating a balance between ambitious environmental goals and the practicalities of energy supply.