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<title>July 2004: Rhode Island Passes Renewable Energy Legislation</title>
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<p align="left"><strong><small><font face="Arial">About The Author:</font></small></strong></p>
<p align="left"><font face="Arial" style="font-size: 9pt">Robert A. Olson is a partner in the law firm of
Brown, Olson & Gould, P.C. which maintains a nationwide practice in energy law,
public utility law and related commercial transactions.</font></p>
<p><small><font face="Arial"><font style="font-size: 9pt">He can be reached at:</font><br>
<br>
<b><font color="#0000FF">Brown, Olson & Gould, PC</font></b><br>
2 Delta Drive<br>
Suite 301<br>
Concord, NH 03301<br>
<a href="mailto:[email protected]">[email protected]</a><br>
(603) 225-9716<br>
<a href="mailto:[email protected]"></a></font></small></p>
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<p ALIGN="left"><u><b>July 2004</b></u><font size="6"><b><br>
Rhode Island Passes
Renewable Energy Legislation<br>
</b></font><strong>by Robert Olson -- Brown, Olson and Wilson, P.C.<br>
</strong><font face="Arial" size="2">(<em>originally published by PMA OnLine Magazine:
200</em>4/</font><font size="2">07/30)</font><font size="6"><b><br>
</b></font></p><center>
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<p align="justify">On June 29, 2004 Rhode Island’s Governor Donald Carcieri
signed into law legislation establishing a renewable energy standard. (House
Bill 7375, sub A as amended).<br>
<br>
<b>Renewable Energy Requirements<br>
</b>Under the new law, eligible renewable energy resources must make up at least
3% of each supplier’s retail energy sales to end-use customers in Rhode
Island by year 2007. The required amount of renewable energy resources
increases by .5% each year until 2010; by an additional 1% through 2014; and
by an additional 1.5% to 2020. Existing renewable resources may not exceed
2% of the new renewable energy requirement. Alternatively, a supplier may
choose to pay $50.00 per megawatt-hour of the renewable energy obligation to
the newly created Renewable Energy Development Fund.<br>
<br>
<b>Eligible Resources</b><br>
Eligible resources must be located within the New England Power Pool (NEPOOL)
region or receive confirmation from ISO-New England and the North American
Reliability Council that the renewable energy was actually delivered into
NEPOOL for consumption by New England customers. Allowable renewable
resources include the following: direct solar radiation; wind power;
movement of latent heat of the ocean; heat of the earth; small hydro
facilities; biomass facilities; and certain fuel cells and waste to energy
units using eligible biomass fuels.<br>
<br>
<b>Rhode Island Public Utilities Commission</b><br>
The program will be overseen by the Rhode Island Public Utilities Commission
(Commission). The Commission is authorized to approve rate recovery for the
incremental costs of compliance, including alternative compliance payments,
the cost of maintaining a system of identifying generation attributes and
compliance certificates (NE-GIS) and the purchase of such NE-GIS
certificates. The Commission must also find that there are potentially
adequate renewable resources to meet the specified targets for year 2011 and
out, before those target amounts are imposed on suppliers.<br>
<br>
The Commission may sanction suppliers for compliance failures. Such
sanctions may include revocation of a generator’s certification as a
renewable energy supplier. To aid in monitoring compliance, the Commission
is required to establish and enforce energy source disclosure regulations.<br>
<br>
<b>Effective Date</b><br>
The act is effective immediately upon passage, though the first compliance
year is 2007.</p>
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<blockquote>
<p align="left"><font face="Arial">
<small>Robert A. Olson is a partner in the law firm of Brown, Olson &
Gould P.C.
which maintains a nationwide practice in energy law, public utility law and related
commercial transactions. He can be reached at:</small></font><p align="center">
<font face="Arial"><small><font color="#0000FF"><b>Brown, Olson & Gould, PC</b></font><br>
2 Delta Drive, Suite 301<br>
Concord, NH 03301 <br>
<br>
<a href="mailto:[email protected]">[email protected]</a> | (603) 225-9716<a href="mailto:[email protected]"></a></small></font>
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