The bill amends the Clean and Renewable Energy and Energy Waste Reduction Act by updating the renewable energy credit portfolio requirements for electric providers. Specifically, it mandates that electric providers achieve a renewable energy credit portfolio of at least 15% through 2029, 50% from 2030 to 2034, and 60% from 2035 onward. The bill also introduces provisions for cooperative and multistate electric providers to calculate their renewable energy credit portfolio requirements based on their electricity sales and nuclear energy sources. Additionally, it allows electric providers to substitute energy waste reduction credits for renewable energy credits under certain conditions and establishes a financial incentive for providers entering into purchase power agreements for renewable energy resources.

Furthermore, the bill includes new provisions that allow electric providers to file a certification instead of the usual filings with the commission to demonstrate compliance with renewable energy and clean energy standards, provided they generate electricity from a coal replacement engine and maintain a renewable energy credit portfolio of at least 15%. It also stipulates that regulated electric providers must still file an integrated resource plan detailing their anticipated load obligations and compliance plans. The bill specifies that these new provisions will not apply after the end of the Midcontinent Independent System Operator planning year ending in 2050.

Statutes affected:
Substitute (H-1): 460.1028
Substitute (H-3): 460.1028
House Introduced Bill: 460.1028
As Passed by the House: 460.1028