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MD HB166

Renewable Energy Portfolio Standard - Eligible Sources - Alterations (Reclaim Renewable Energy Act of 2024)


summary

Introduced
01/10/2024
In Committee
01/10/2024
Crossed Over
Passed
Dead
04/08/2024

Introduced Session

2024 Regular Session

Bill Summary

Altering the definition of "Tier 1 renewable source" for purposes of excluding energy derived from waste and refuse from being eligible for inclusion in the renewable energy portfolio standard; and applying the Act to all renewable energy portfolio standard compliance years starting on or after January 1, 2024.

AI Summary

This bill, known as the Reclaim Renewable Energy Act of 2024, alters the definition of "Tier 1 renewable source" under Maryland's renewable energy portfolio standard. Specifically, it excludes energy derived from waste and refuse as eligible sources, applying this change to all renewable energy portfolio standard compliance years starting on or after January 1, 2024. The bill ensures that existing obligations or contract rights are not impaired and takes effect on October 1, 2024.

Committee Categories

Business and Industry

Sponsors (12)

Last Action

House Economic Matters Hearing (13:00:00 3/7/2024 ) (on 03/07/2024)

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