Makes several amendments relative to the affordable clean energy security act establishing the act's priority over chapter 6.2 of title 42 (2021 act on climate).
Impact
The implications of S0402 are significant for both state laws and the local economy. By defining 'commercially reasonable' parameters for energy projects, the act ensures that investments in energy infrastructure are economically viable and beneficial for Rhode Island's ratepayers. The bill mandates that all proposed energy projects undergo meticulous scrutiny by the public utilities commission to determine their public interest utility. This level of oversight aims to minimize unnecessary costs while maximizing environmental and economic benefits through coherent energy policies.
Summary
S0402, known as the Affordable Clean Energy Security Act, proposes an amendment to Rhode Island's existing energy regulations to ensure secure and reliable energy resources. The act seeks to enhance the state's energy infrastructure while aligning with broader regional goals in New England. One of its key objectives is to strategically invest in energy resources that drive down costs for consumers while attracting new investments and job growth opportunities in the energy sector. The amendments aim to create a framework for collaborative investments among New England states, potentially influencing energy pricing and reducing wholesale electric costs.
Contention
Debate surrounding S0402 may center on the balance between state regulation and local energy policymaking. Some stakeholders argue that the act could undermine local initiatives tailored to specific community needs, particularly in addressing environmental concerns unique to certain regions. Others may contend that the incentives and regulations proposed could lead to conflicts with existing environmental laws and standards, particularly those oriented toward greenhouse gas reductions. Thus, clear discussions about the relationship between this act and established environmental regulations will be essential to its implementation.
Makes several amendments relative to the affordable clean energy security act establishing the act's priority over chapter 6.2 of title 42 (the "2021 act on climate").
Makes several amendments relative to the affordable clean energy security act establishing the act's priority over chapter 6.2 of title 42 (the "2021 act on climate").
Amends several provisions relative the powers and duties of the PUC and requires the submission by utilities of integrated distribution system plans identifying solutions to reduce greenhouse gases.
Establishes thermal energy networks network infrastructure by any public utility company that provides electric/natural gas distribution to maximize cost-effective investments deemed in the public interest by the public utilities commission (PUC).
Requires the office of energy resources to initiate the process of developing programs and associated funding mechanisms, for electric energy storage resources connected to the electric distribution system.
Makes several amendments relative to the affordable clean energy security act establishing the act's priority over chapter 6.2 of title 42 (the "2021 act on climate").
Makes several amendments relative to the affordable clean energy security act establishing the act's priority over chapter 6.2 of title 42 (the "2021 act on climate").