This bill requires the Governor's Energy Office, in consultation with the Public Utilities Commission, to review the impacts of the State's renewable resources portfolio requirements and submit a report to the joint standing committee of the Legislature having jurisdiction over energy matters by March 31, 2024 and every 5 years thereafter. The bill establishes a competitive solicitation for energy or renewable energy credits equal to 5% of the retail electricity sales in this State for the period from January 1, 2021 to December 31, 2021 plus any amount contracted under previous procurements that is not
44 brought into commercial viability within a reasonable time frame established by the
45 commission. Eligible projects must be located on land that is contaminated in some way
46 and may include energy storage systems paired with renewable resources. In conducting a
47 solicitation and selecting projects for contracts, the commission is directed to consider
48 project viability and consider the expected effect on other renewable resources due to
49 congestion and curtailment. The commission is also directed to apply a weight of 70% to
50 the benefits to ratepayers and a weight of 30% to the economic use of contaminated land.
51 The commission may only select projects the commission finds will benefit ratepayers. Bid
52 prices must be less than the then-current standard-offer service rate.

Statutes affected:
Bill Text LD 1830, SP 746: 35-A.3210