SB 843 - The act directs the Department of Natural Resources to consult with the Public Service Commission in order to promulgate rules requiring a renewable portfolio from all retail suppliers of electric energy. The act sets targets for these utilities to meet the new renewable requirement with the ultimate goal of no less than ten percent of all energy sold after December 31, 2020, originating from renewable sources. Renewable energy credits may be used to satisfy the renewable requirement provided that any utility taking advantage of such an option submits documentation to both the department and the commission demonstrating the acquisition of these credits. The act allows any utility who meets the renewable targets to receive additional credit if they purchase the renewable resources from within the state.
The act provides the option of selling excess credits to any utility that exceeds the renewable targets laid out in the act as well as a certification process for power generated from and used for the renewable mandate. Criteria for such a process is described in the act as are environmental restrictions for any power generated from renewable sources. Penalties for any utility that does not meet the targeted renewable objectives are described in the act.
The act directs utility companies to disclose information on the generation attributes of electricity sold by the supplier upon customer request; the mechanics of this disclosure are described in the act.