The bill amends the "Affordable Clean Energy Security Act" to enhance regional energy planning and procurement in Rhode Island. It introduces a framework for regional energy planning, allowing the office of energy resources to engage in competitive solicitations for electric transmission projects and natural gas pipeline infrastructure. The bill emphasizes the procurement of eligible renewable energy resources, particularly large-scale hydroelectric power, while explicitly excluding nuclear power from the procurement process.
Additionally, the bill mandates that recommendations for energy infrastructure projects be jointly filed with the public utilities commission to ensure thorough evaluation of impacts on energy reliability, security, and ratepayers. It outlines the responsibilities of the public utilities commission, granting it authority to approve long-term contracts for renewable energy and natural gas infrastructure that align with state energy goals. The commission must ensure that contracts are commercially reasonable and consistent with greenhouse gas reduction targets.
A process for public comment and advisory opinions from relevant state agencies is established to promote transparency and stakeholder engagement. The bill also creates a commission to determine the public interest of energy infrastructure projects, requiring written determinations within ten business days. Notably, it clarifies that nuclear power is excluded from the procurement strategy, and the act will take effect immediately upon passage.