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MD SB316

MD SB316
Abundant Affordable Clean Energy - Procurement and Development (AACE Act)


summary

Introduced
01/13/2025
In Committee
01/13/2025
Crossed Over
Passed
Dead
04/08/2025

Introduced Session

2025 Regular Session

Bill Summary

Requiring each electric company in the State to submit to the Public Service Commission by certain dates plans for the construction or procurement of distribution-connected energy storage devices and to construct or procure the devices in accordance with the plan; providing for the creation of zero-emission credits by beneficial nuclear facilities; requiring the Commission to pursue certain coordinated approaches to offshore wind energy transmission development; etc.

AI Summary

This bill establishes a comprehensive framework for energy storage, renewable energy, and nuclear power development in Maryland. The bill sets a goal of reaching 150 megawatts of distribution-connected energy storage devices and requires electric companies to submit plans to the Public Service Commission for achieving this target. Each electric company will be assigned a proportion of the goal based on their service load, and must develop plans that include a mix of company-owned and third-party-owned devices, with no more than 30% owned by third parties. The bill also creates a competitive procurement process for front-of-the-meter transmission energy storage devices, with a goal of 1,600 megawatts, and establishes a new program for solar renewable energy credits (SREC-IIs) for both utility-scale and small solar energy systems. Additionally, the bill introduces a zero-emission credit program for beneficial nuclear facilities, with support for the Calvert Cliffs Nuclear Power Plant, and includes provisions for community benefit agreements to ensure local job creation, prevailing wages, and workforce development. The legislation aims to advance Maryland's renewable energy goals, support clean energy infrastructure, and create economic opportunities in the clean energy sector, with most provisions set to take effect on June 1, 2025.

Committee Categories

Education

Sponsors (1)

Last Action

Senate Education, Energy, and the Environment Hearing (13:00:00 2/13/2025 ) (on 02/13/2025)

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