Bill > LD342

This bill amends Maine's Renewable Portfolio Standard (RPS) to include nuclear power plants constructed after January 1, 2025, as a renewable capacity resource. Specifically, the legislation modifies existing law to add nuclear power generation as a qualifying renewable energy source in two key sections of the state's energy regulations. The bill expands the definition of renewable resources to include nuclear power plants that are built after 2025, which means these facilities will now count towards the state's renewable energy requirements for competitive electricity providers. The RPS is a regulatory mandate that requires electricity providers to source a certain percentage of their power from renewable sources, and by adding nuclear power to this mix, the state is broadening its definition of clean energy. This change could potentially encourage the development of new nuclear power facilities in Maine by providing them with a renewable energy classification, which may offer financial incentives or make them more attractive to investors and energy companies seeking to meet renewable energy standards.

Transportation and Infrastructure

https://legislature.maine.gov/legis/bills/display_ps.asp?LD=342&snum=132