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4 | 4 | | |
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5 | 5 | | 2025 -- H 5820 |
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6 | 6 | | ======== |
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7 | 7 | | LC002008 |
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8 | 8 | | ======== |
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9 | 9 | | S T A T E O F R H O D E I S L A N D |
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10 | 10 | | IN GENERAL ASSEMBLY |
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11 | 11 | | JANUARY SESSION, A.D. 2025 |
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12 | 12 | | ____________ |
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13 | 13 | | |
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14 | 14 | | A N A C T |
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15 | 15 | | RELATING TO PUBLIC UTILITIES AND CARRIERS -- RENEWABLE ENERGY |
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16 | 16 | | STANDARD |
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17 | 17 | | Introduced By: Representatives Lima, J. Brien, Phillips, Azzinaro, Baginski, Serpa, and |
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18 | 18 | | Costantino |
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19 | 19 | | Date Introduced: February 28, 2025 |
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20 | 20 | | Referred To: House Corporations |
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21 | 21 | | |
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22 | 22 | | |
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23 | 23 | | It is enacted by the General Assembly as follows: |
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24 | 24 | | SECTION 1. Section 39-26-4 of the General Laws in Chapter 39-26 entitled "Renewable 1 |
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25 | 25 | | Energy Standard" is hereby amended to read as follows: 2 |
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26 | 26 | | 39-26-4. Renewable energy standard. 3 |
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27 | 27 | | (a) Starting in compliance year 2007, all obligated entities shall obtain at least three percent 4 |
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28 | 28 | | (3%) of the electricity they sell at retail to Rhode Island end-use customers, adjusted for electric 5 |
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29 | 29 | | line losses, from eligible renewable energy resources, escalating, according to the following 6 |
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30 | 30 | | schedule: 7 |
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31 | 31 | | (1) At least three percent (3%) of retail electricity sales in compliance year 2007; 8 |
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32 | 32 | | (2) An additional one-half of one percent (0.5%) of retail electricity sales in each of the 9 |
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33 | 33 | | following compliance years 2008, 2009, 2010; 10 |
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34 | 34 | | (3) An additional one percent (1%) of retail electricity sales in each of the following 11 |
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35 | 35 | | compliance years 2011, 2012, 2013, 2014, provided that the commission has determined the 12 |
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36 | 36 | | adequacy, or potential adequacy, of renewable energy supplies to meet these percentage 13 |
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37 | 37 | | requirements; 14 |
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38 | 38 | | (4) An additional one and one-half percent (1.5%) of retail electricity sales in each of the 15 |
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39 | 39 | | following compliance years 2015, 2016, 2017, 2018, 2019, 2020, 2021, and 2022; 16 |
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40 | 40 | | (5) [Deleted by P.L. 2016, ch. 144, § 1 and P.L. 2016, ch. 155, § 1.] 17 |
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41 | 41 | | (6) An additional four percent (4%) of retail electricity sales in 2023; 18 |
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42 | 42 | | |
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43 | 43 | | |
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44 | 44 | | LC002008 - Page 2 of 4 |
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45 | 45 | | (7) An additional five percent (5%) of retail electricity sales in 2024; 1 |
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46 | 46 | | (8) An additional six percent (6%) of retail electricity sales in 2025 2035; 2 |
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47 | 47 | | (9) An additional seven percent (7%) of retail electricity sales in 2026 2036 and 2027 2037; 3 |
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48 | 48 | | (10) An additional seven and one-half percent (7.5%) of retail electricity sales in 2028 4 |
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49 | 49 | | 2038; 5 |
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50 | 50 | | (11) An additional eight percent (8%) of retail electricity sales in 2029 2039; 6 |
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51 | 51 | | (12) An additional eight and one-half percent (8.5%) of retail electricity sales in 2030 2040; 7 |
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52 | 52 | | (13) An additional nine percent (9%) of retail electricity sales in 2031 2041; and 8 |
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53 | 53 | | (14) An additional nine and one-half percent (9.5%) of retail electricity sales in 2032 2042 9 |
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54 | 54 | | and 2033 2043 to achieve the goal that one hundred percent (100%) of Rhode Island’s electricity 10 |
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55 | 55 | | demand is from renewable energy by 2033 2043 and each year thereafter. 11 |
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56 | 56 | | (b) For each obligated entity and in each compliance year, the amount of retail electricity 12 |
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57 | 57 | | sales used to meet obligations under this statute that are derived from existing renewable energy 13 |
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58 | 58 | | resources shall not exceed two percent (2%) of total retail electricity sales. 14 |
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59 | 59 | | (c) The minimum renewable energy percentages set forth in subsection (a) shall be met for 15 |
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60 | 60 | | each electrical energy product offered to end-use customers, in a manner that ensures that the 16 |
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61 | 61 | | amount of renewable energy of end-use customers voluntarily purchasing renewable energy is not 17 |
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62 | 62 | | counted toward meeting such percentages. Notwithstanding the foregoing, municipalities engaged 18 |
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63 | 63 | | in aggregation pursuant to § 39-3-1.2 may include in their aggregation plan terms that would allow 19 |
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64 | 64 | | voluntary renewable energy products to be counted toward meeting such percentages. In 2024, the 20 |
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65 | 65 | | commission, with input from the office of energy resources, division of public utilities and carriers, 21 |
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66 | 66 | | obligated entities, other market participants, and the public, shall assess the impact of allowing 22 |
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67 | 67 | | voluntary renewable energy purchases to be counted toward meeting the annual percentages. The 23 |
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68 | 68 | | commission shall submit a report of its findings and recommendations to the governor, speaker of 24 |
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69 | 69 | | the house, and senate president no later than September 1, 2024. 25 |
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70 | 70 | | (d) To the extent consistent with the requirements of this chapter, compliance with the 26 |
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71 | 71 | | renewable energy standard may be demonstrated through procurement of NE-GIS certificates 27 |
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72 | 72 | | relating to generating units certified by the commission as using eligible renewable energy sources, 28 |
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73 | 73 | | as evidenced by reports issued by the NE-GIS administrator. Procurement of NE-GIS certificates 29 |
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74 | 74 | | from off-grid and customer-sited generation facilities, verified by the commission as eligible 30 |
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75 | 75 | | renewable energy resources, may also be used to demonstrate compliance. With the exception of 31 |
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76 | 76 | | contracts for generation supply entered into prior to 2002, initial title to NE-GIS certificates from 32 |
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77 | 77 | | off-grid and customer-sited generation facilities and from all other eligible renewable energy 33 |
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78 | 78 | | resources, shall accrue to the owner of such a generation facility, unless such title has been 34 |
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79 | 79 | | |
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80 | 80 | | |
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81 | 81 | | LC002008 - Page 3 of 4 |
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82 | 82 | | explicitly deemed transferred pursuant to contract or regulatory order. 1 |
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83 | 83 | | (e) In lieu of providing NE-GIS certificates pursuant to subsection (d) of this section, an 2 |
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84 | 84 | | obligated entity may also discharge all or any portion of its compliance obligations by making an 3 |
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85 | 85 | | alternative compliance payment to the renewable energy development fund established pursuant to 4 |
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86 | 86 | | § 39-26-7. 5 |
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87 | 87 | | (f) Retail electricity sales pursuant to a nonregulated power producer’s supply contract that 6 |
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88 | 88 | | was executed prior to July 1, 2022, shall be required to obtain an additional one and one-half percent 7 |
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89 | 89 | | (1.5%) of retail electricity sales each year and are exempted from the requirements of subsections 8 |
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90 | 90 | | (a)(6) through (a)(14) of this section until the end date of the term of the nonregulated power 9 |
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91 | 91 | | producer’s supply contract. 10 |
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92 | 92 | | SECTION 2. This act shall take effect upon passage. 11 |
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93 | 93 | | ======== |
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94 | 94 | | LC002008 |
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95 | 95 | | ======== |
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96 | 96 | | |
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97 | 97 | | |
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98 | 98 | | LC002008 - Page 4 of 4 |
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99 | 99 | | EXPLANATION |
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100 | 100 | | BY THE LEGISLATIVE COUNCIL |
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101 | 101 | | OF |
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102 | 102 | | A N A C T |
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103 | 103 | | RELATING TO PUBLIC UTILITIES AND CARRIERS -- RENEWABLE ENERG Y |
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104 | 104 | | STANDARD |
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105 | 105 | | *** |
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106 | 106 | | This act would amend the renewable energy standard obligations of entities to sell at retail 1 |
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107 | 107 | | to Rhode Island customers. 2 |
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108 | 108 | | This act would take effect upon passage. 3 |
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109 | 109 | | ======== |
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110 | 110 | | LC002008 |
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