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BILL AS INTRODUCED 2007-2008

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H.105

Introduced by Representatives Keenan of St. Albans City, Acinapura of Brandon, Bostic of St. Johnsbury, Hunt of Essex, Marcotte of Coventry, Morley of Barton, Trombley of Grand Isle and Winters of Williamstown

Referred to Committee on

Date:

Subject:  Public service; new renewable energy; SPEED program

Statement of purpose:  This bill proposes to amend the sustainably priced energy enterprise development (SPEED) program by amending the definition of “new renewable energy” to include renewable energy provided by independent power producers with contracts that expire after December 31, 2004; the effect of which is to give utilities credit for these sources of power during the SPEED analysis.

AN ACT RELATING TO EXPANDING THE LIST OF POWER SOURCES ELIGIBLE FOR CREDIT IN THE SPEED PROGRAM

It is hereby enacted by the General Assembly of the State of Vermont:

Sec. 1.  30 V.S.A. § 8002(4) is amended to read:

(4)  “New renewable energy” means renewable energy produced by a generating resource coming into service after December 31, 2004 and renewable energy produced by an independent power producer with a contract  that expires after that date.  This may include the additional energy from an existing renewable facility retrofitted with advanced technologies or otherwise modified or expanded to increase the kwh output of the facility.  If the production of new renewable energy through retrofitting involves combustion of the resource, the system must result in an incrementally higher level of energy conversion efficiency or significantly reduced emissions.  For the purposes of this chapter, renewable energy refers to either “existing renewable energy” or “new renewable energy.”



Published by:

The Vermont General Assembly
115 State Street
Montpelier, Vermont


www.leg.state.vt.us