Repeals the Renewable Energy Growth Program.
Provides that the renewable energy fund remains in existence until December 31, 2033, to align with the mandate that 100% of Rhode Island's electricity demand is from renewable energy and also complies with federal grant requirements.
Provides that the renewable energy fund remains in existence until December 31, 2033, to align with the mandate that 100% of Rhode Island's electricity demand is from renewable energy and also complies with federal grant requirements.
Repeals the energy efficiency charge.
Establishes a program for the energy and water benchmarking of large buildings in Rhode Island and a standard for their energy performance.
Changes the excess renewable net-metering credit to a wholesale rate.
Changes the excess renewable net-metering credit to a wholesale rate.
Adds nuclear energy sources to the list of renewable energy resources.
Establishes that a renewable energy resource shall pay $5.00 per kilowatt of alternating current nameplate capacity for tangible property and $3.50 per kilowatt of alternating nameplate capacity for real property.
Establishes that a renewable energy resource shall pay $5.00 per kilowatt of alternating current nameplate capacity for tangible property and $3.50 per kilowatt of alternating nameplate capacity for real property.