The bill amends Section 39-26.6-2 of the General Laws concerning "The Renewable Energy Growth Program." It establishes a renewable energy growth program aimed at promoting the development of renewable energy distributed generation within the electric distribution company's load zone. The program is designed to finance renewable energy projects over a five-year period through a performance-based incentive system that targets specific megawatt goals at reasonable costs. The implementation of this program will be overseen by the electric distribution company and guided by the distributed-generation board, with input from the office of energy resources and supervision from the commission.

A significant change introduced by this bill is the requirement that any tariffs, costs, or other mandates imposed under Sections 39-26.6-5, 39-26.6-6, 39-26.6-13, 39-26.6-18, or 39-26.6-25 must be reviewed and approved by the General Assembly. This provision aims to enhance legislative oversight of the renewable energy growth program's financial aspects. The act is set to take effect immediately upon passage.

Statutes affected:
7139: 39-26.6-2