§ 39-31-1. Legislative findings. The general assembly finds and declares: (1) The state and New England face significant short- and long-term energy system challenges that may undermine the reliable operation of the bulk electric system and spur unsustainable levels of price volatility, and that these challenges may have a substantial impact on energy affordability for […]
§ 39-31-10. Offshore wind procurement. (a) The electric distribution company is hereby authorized and required to issue a request for proposals for at least six hundred megawatts (600 MW) but no greater than one thousand megawatts (1,000 MW) of newly-developed offshore wind capacity no later than October 15, 2022. The electric distribution company shall develop […]
§ 39-31-11. Financial remuneration and incentives. In order to achieve the purposes of this chapter, electric distribution companies shall be entitled to financial remuneration and incentives for long-term contracts for newly developed renewable energy resources, which are over and above the base rate revenue requirement established in its cost of service for distribution ratemaking. Such […]
§ 39-31-12. Bid fees. Bidders submitting project proposals responsive to any competitive procurements issued pursuant to this chapter may be charged bid fees by the electric distribution company to pay for all reasonable costs of consultants and counsel that may be hired by the Rhode Island office of energy resources, the division of public utilities […]
§ 39-31-2. Purpose. The purpose of this chapter is to: (1) Secure the future of the Rhode Island and New England economies, and their shared environment, by making state and/or coordinated, cost-effective, strategic investments in energy resources and infrastructure such that the New England states improve energy system reliability and security; enhance economic competitiveness by […]
§ 39-31-3. Commercially reasonable defined. When used in this chapter, “commercially reasonable” means terms and pricing that are reasonably consistent with what an experienced power market analyst would expect to see in transactions involving regional energy resources and regional energy infrastructure. Commercially reasonable shall include having a credible project operation date, as determined by the […]
§ 39-31-4. Regional energy planning. (a) Consistent with the purposes of this chapter, and utilizing regional stakeholder processes where appropriate, the office of energy resources, in consultation and coordination with the division of public utilities and carriers and the public utility company that provides electric distribution as defined in § 39-1-2(a)(12) as well as natural […]
§ 39-31-5. State and regional energy procurement. (a) Consistent with the purposes of this chapter, the public utility company that provides electric distribution as defined in § 39-1-2(a)(12), as well as natural gas as defined in § 39-1-2(a)(17), in consultation with the office of energy resources and the division of public utilities and carriers is […]
§ 39-31-6. Utility filings with the public utilities commission. (a) Pursuant to the procurement activities in § 39-31-5 or § 39-31-10, the public utility company that provides electric distribution as defined in § 39-1-2(a)(12), as well the public utilities that distribute natural gas as provided by § 39-1-2(a)(20), are authorized to voluntarily file proposals with […]
§ 39-31-7. Duties of the commission. (a) The commission shall approve any proposals made by the electric and gas distribution company that are commercially reasonable and advance the purposes of this chapter. The commission’s authority shall include, without limitation, the authority to: (1) Approve long-term contracts entered into pursuant to the goals and provisions of […]
§ 39-31-8. Verification of energy generation and attributes of imported electricity. Energy generation and the attributes of electricity imported into New England shall be tracked and verified through the expansion of the New England Pool — Generation Information System or the development of another appropriate tracking and verification mechanism. History of Section.P.L. 2014, ch. 424, […]
§ 39-31-9. Siting of regional energy infrastructure. All regional or multistate energy infrastructure projects authorized under this chapter shall respect and maintain compliance with the individual project host state’s siting authority and requirements. Any projects selected pursuant to this chapter must maintain compliance with Rhode Island energy facility siting act requirements, where applicable, as authorized […]
