Rhode Island H7611 amends the renewable energy standard obligations for obligated entities.

Rhode Island H7611 modifies the renewable energy standard obligations for obligated entities, requiring them to source a specific percentage of their retail electricity sales from eligible renewable energy resources. The bill sets a schedule for increasing these percentages annually, starting at three percent in 2007 and escalating to nine and one-half percent by 2033. The act also allows for alternative compliance payments to the renewable energy development fund and exempts certain contracts from these requirements.

Rhode Island H7611 amends the renewable energy standard obligations for obligated entities.

Rhode Island H7611 modifies the renewable energy standard obligations for obligated entities, requiring them to source a specific percentage of their retail electricity sales from eligible renewable energy resources. The bill sets a schedule for increasing these percentages annually, starting at three percent in 2007 and escalating to nine and one-half percent by 2033. The act also allows for alternative compliance payments to the renewable energy development fund and exempts certain contracts from these requirements.