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.
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