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MD SB434

Empowering New Energy Resources and Green Initiatives Toward a Zero-Emission (ENERGIZE) Maryland Act


summary

Introduced
01/21/2025
In Committee
01/21/2025
Crossed Over
Passed
Dead
04/08/2025

Introduced Session

2025 Regular Session

Bill Summary

Renaming the "renewable energy portfolio standard" to be the "clean energy portfolio standard"; altering the minimum required percentage of energy that must be derived from clean energy sources in certain years under the clean energy portfolio standard; altering the contents of and approval criteria for an application for an offshore wind project; establishing a process for the Public Service Commission to review and approve an application for a proposed nuclear energy generation project; etc.

AI Summary

This bill comprehensively reforms Maryland's clean energy policies by renaming the "renewable energy portfolio standard" to the "clean energy portfolio standard" and expanding the definition of clean energy sources to include nuclear energy. Key provisions include establishing a goal of 100% clean electricity by 2030, incrementally increasing the percentage of energy that must come from clean energy sources (reaching 75% by 2030), and creating a new process for approving nuclear energy generation projects. The bill introduces detailed requirements for nuclear project applications, including mandatory community benefit agreements, minority business enterprise participation goals, and comprehensive economic and environmental impact assessments. Additionally, the bill requires electricity suppliers to disclose the sources of their green power and establishes mechanisms for tracking and verifying renewable energy credits. The legislation aims to reduce greenhouse gas emissions, promote economic development in clean energy industries, increase energy security, and provide opportunities for small, minority-owned, and veteran-owned businesses to participate in the emerging clean energy sector.

Committee Categories

Education

Sponsors (3)

Last Action

Senate Education, Energy, and the Environment Hearing (13:00:00 2/20/2025 ) (on 02/20/2025)

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