Mandates state and electric distribution companies develop proposals and encourage off shore wind power development and give priority in those projects to providing employment and business opportunities to workers from disadvantaged communities.
Impact
The implementation of S0769 is expected to significantly impact the state's energy landscape by facilitating the transition towards renewable energy sources. The bill prioritizes proposals that provide employment opportunities and contract chances for workers from historically marginalized communities. Moreover, it includes stipulations to ensure environmental considerations and community engagement are inherent in the project development process, strengthening local economies and promoting sustainability. By mandating a focus on equity, the bill could help address socioeconomic disparities in energy access and job opportunities within the renewable sector.
Summary
S0769, also known as the Affordable Clean Energy Security Act, aims to enhance the state’s renewable energy portfolio by mandating the development of offshore wind energy projects. The bill requires the state's electric distribution company to solicit proposals for at least 600 megawatts and no more than 1,000 megawatts of offshore wind capacity. This initiative aligns with Rhode Island’s goals to secure clean and affordable energy while contributing to economic growth and job creation, particularly for workers from disadvantaged communities.
Contention
While the bill has garnered support for its emphasis on renewable energy and social equity, there are points of contention, particularly regarding the regulation of offshore wind projects and the pressures it may place on existing utilities. Critics may argue that the bill's requirements could impose additional costs on utility companies, potentially affecting ratepayers in the long run. Additionally, the defined parameters for prioritizing disadvantaged communities may raise questions on how effectively these communities can participate in upcoming projects. As the bill undergoes further discussion, balancing economic interests with sustainable practices remains a crucial topic of debate.
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.
Authorizes the submission of proposals for several bonds to the people of the state at the general election to be held in November, 2024. These bonds relate to capital development and the "green economy."
Authorizes the submission of proposals for several bonds to the people of the state at the general election to be held in November, 2024. These bonds relate to capital development and the "green economy."
Prohibits utility companies from limiting the eligibility of a net metering site based on prior consumption and requires excess energy not consumed under the net metering system to be credited to the consumer.
Prohibits utility companies from limiting eligibility of net metering site based on prior consumption and requires excess energy not consumed to be credited to consumer. Also amends definition of excess renewable net-metering credit.
Prohibits utility companies from limiting eligibility of net metering site based on prior consumption and requires excess energy not consumed to be credited to consumer. Also amends definition of excess renewable net-metering credit.
Authorizes the submission of several bond proposals to the people of the state at the general election to be held in November, 2024, relating to capital development and the "cultural economy initiatives."
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").
Authorizes the submission of several bond proposals to the people of the state at the general election to be held in November, 2024, relating to capital development and the "cultural economy initiatives."