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BILL AS INTRODUCED 2007-2008

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H.127

Introduced by Representatives Klein of East Montpelier, Cheney of Norwich, Clarkson of Woodstock, Deen of Westminster, Edwards of Brattleboro, Jewett of Ripton, Maier of Middlebury, Masland of Thetford, McCullough of Williston, Pellett of Chester, Peltz of Woodbury, Spengler of Colchester, Trombley of Grand Isle, Weston of Burlington and Zuckerman of Burlington

Referred to Committee on

Date:

Subject:  Public service; portfolio standards

Statement of purpose:  This bill proposes to amend Vermont’s portfolio standards for the use of renewable energy resources so that the state no longer depends upon a retail electricity provider’s success in the sustainably priced energy enterprise development (SPEED) program.  It proposes, instead, to require that no less than 25 percent of a retail company’s total energy load as it exists on January 1, 2012 shall be met through the use of electricity generated by renewable resources, and that no less than 40 percent of a retail company’s total energy load as it exists on January 1, 2018 shall be met through the use of electricity generated by renewable resources.  The bill proposes to allow the public service board to set a lower requirement for a particular retail provider if the state’s total load is able to meet the 25- and 40-percent requirements, notwithstanding this particular shortfall.

AN ACT RELATING TO REVISING THE RETAIL ELECTRIC PROVIDERS’ PORTFOLIO STANDARDS SO THAT AT LEAST 25 PERCENT OF THE STATE’S TOTAL ELECTRICAL ENERGY LOAD AS OF 2012 and 40 percent of the state’s total Electrical load as of 2018 WILL BE MET BY RENEWABLE ENERGY reSOURCES

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

Sec. 1.  30 V.S.A. § 8004(b) and (c) are amended to read:

(b)  Each retail electricity provider in Vermont shall provide a certain amount of new renewable resources in its portfolio.  Subject to subdivision 8005(d)(1) of this title each Each retail electricity provider in Vermont shall supply an amount of energy equal to its total incremental energy growth between January 1, 2005 and no less than 25 percent of its total load as it exists on January 1, 2012 and no less than 40 percent of its total load as it exists on January 1, 2018 through the use of electricity generated by new renewable resources.  The retail electricity provider may meet this requirement through eligible new renewable energy credits, new renewable energy resources with renewable energy credits still attached, or a combination of those credits and resources.  No retail electricity provider shall be required to provide in excess of a total of 10 percent of its calendar year 2005 retail electric sales with electricity generated by new renewable resources.

(c)  The requirements of subsection (b) of this section shall apply to all retail electricity providers in this state, unless the retail electricity provider demonstrates and the public service board determines:

(1)  that compliance with the standard would impair the provider’s ability to meet the public’s need for energy services after safety concerns are addressed, at the lowest present value life cycle cost, including environmental and economic costs; or

(2)  that is appropriate to allow the provider to meet a specified lower percentage of its load with new renewable resources than required under subsection (b) of this section on the grounds that the state’s retail providers as a whole, regardless of this shortfall, will provide no less than 25 percent of the state’s total load as it exists on January 1, 2012 and no less than 40 percent of the state’s load as it exists on January 1, 2018 by means of electricity generated by new renewable resources.

Sec. 2.  30 V.S.A. § 8005(d) is amended to read:

(d)(1) The public service board shall meet on or before January 1, 2012, open a proceeding, and issue findings determining the amount of qualifying SPEED resources that have come into service or are projected to come into service during the period of time between January 1, 2005 and January 1, 2013. If the board finds that the amount of qualifying SPEED resources coming into service during that time exceeds total statewide growth in electric energy usage during the period of time between January 1, 2005 and January 1, 2012, or if it finds that the amount of qualifying SPEED resources exceeds 10 percent of total statewide electric energy usage for calendar year 2005, the portfolio standards established under this chapter shall not be in force. The board shall make its determination by July 1, 2012. If the board finds that the goal established has not been met, one year after the board's determination the portfolio standards established under subsection 8004(b) of this title shall take effect.

(2) For the purposes of the determination to be made under this subsection, electricity produced at all facilities owned by or under long-term contract to Vermont retail electricity providers, whether it is generated inside or outside Vermont, that is new renewable energy shall be counted in the calculations under subdivision (d)(1) of this section.



Published by:

The Vermont General Assembly
115 State Street
Montpelier, Vermont


www.leg.state.vt.us