§ 39-26.1-1. Purpose. The purpose of this chapter is to encourage and facilitate the creation of commercially reasonable long-term contracts between electric distribution companies and developers or sponsors of newly developed renewable energy resources with the goals of stabilizing long-term energy prices, enhancing environmental quality, creating jobs in Rhode Island in the renewable energy sector, […]
§ 39-26.1-2. Definitions. Terms not defined in this chapter shall have the same meaning as contained in chapter 26 of this title. When used in this chapter: (1) “Commercially reasonable” means terms and pricing that are reasonably consistent with what an experienced power market analyst would expect to see in transactions involving newly developed renewable […]
§ 39-26.1-3. Long-term contract standard. (a) Beginning on or before July 1, 2010, each electric distribution company shall be required to annually solicit proposals from renewable energy developers and, provided commercially reasonable proposals have been received, enter into long-term contracts with terms of up to fifteen (15) years for the purchase of capacity, energy, and […]
§ 39-26.1-4. 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 […]
§ 39-26.1-5. Commission approvals and regulations. (a) Electric distribution companies shall submit to the commission for review and approval all long-term contracts for newly developed renewable energy resources proposed to be entered into in accordance with this chapter. (b) Unless the commission approves otherwise, all energy and capacity purchased by an electric distribution company pursuant […]
§ 39-26.1-6. Interaction with other laws. The long-term contract standard set forth in this chapter shall be separate and distinct from the renewable energy standard set forth in chapter 26 of this title. History of Section.P.L. 2009, ch. 51, § 1; P.L. 2009, ch. 53, § 1.
§ 39-26.1-7. Town of New Shoreham project. (a) The general assembly finds it is in the public interest for the state to facilitate the construction of a small-scale offshore wind demonstration project off the coast of Block Island, including an undersea transmission cable that interconnects Block Island to the mainland in order to: position the […]
§ 39-26.1-8. Utility-scale offshore wind project — Separate proceedings. (a) Upon certification by the department of administration identifying the developer selected by the state to develop a utility-scale offshore wind farm, the developer may file an application under this section within one hundred eighty (180) days of the certification by the department. For the purposes […]
§ 39-26.1-9. Town of Johnston project. Notwithstanding any other provisions of this chapter to the contrary: (1) The Narragansett Electric Company is hereby authorized, at its sole discretion, to procure a commercially reasonable long-term contract for a newly developed renewable energy resource fueled by landfill gas from the central landfill in the town of Johnston […]
