Bill

Bill > H4019


MA H4019

Relative to offshore wind contract pricing


summary

Introduced
07/31/2019
In Committee
07/31/2019
Crossed Over
Passed
Dead
Signed/Enacted/Adopted
08/01/2019

Introduced Session

191st General Court

Bill Summary

Sections 69, 103, 104, and 108 contained in the engrossed Bill making appropriations for the fiscal year 2020 (see House, No. 4000), which had been returned by His Excellency the Governor with recommendation of amendment (for message, see Attachment E of House, No. 4014). July 31, 2019.

AI Summary

This bill prohibits the Department of Public Utilities from approving a long-term contract for offshore wind energy generation if the levelized price per megawatt hour, plus associated transmission costs, is greater than or equal to the adjusted levelized price per megawatt hour, plus transmission costs, that resulted from a previous procurement. The bill also requires the department to adjust the price for the availability of federal tax credits, inflation, and incentives, but excludes mitigation efforts that create and foster employment and economic development in the Commonwealth. The bill applies to contracts subject to review by the department as of July 1, 2019, and Section 1 of the bill is repealed effective July 1, 2020.

Sponsors (0)

No sponsors listed

Last Action

Signed by the Governor, Chapter 48 of the Acts of 2019 (on 08/01/2019)

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