Bill > HB402

This bill establishes a framework for promoting renewable energy in Georgia by directing the Public Service Commission (PSC) to set renewable energy portfolio standard goals for electric service providers by July 1, 2026. The goals will not exceed 20 percent of annual net electricity sales and will be developed after evaluating the costs and installed capacity of various renewable energy generation methods through 2050. The bill provides comprehensive definitions for renewable energy sources, which include wind, solar, low-impact hydropower, geothermal resources, biofuels, landfill gas, biomass materials, and other sustainable energy sources. Electric service providers will be encouraged to voluntarily comply with these goals, and the PSC will be required to create a reporting system to monitor compliance, including tracking renewable energy usage, generation costs, and pricing. Additionally, the bill expands the Georgia Environmental Finance Authority's role to include financing and supporting renewable energy facilities, and requires integrated resource plans from utilities to now include existing and planned renewable energy resources. The legislation aims to reduce Georgia's dependence on fossil fuels, promote energy diversity, and create a more sustainable electricity market by encouraging the development and adoption of renewable energy technologies.

Transportation and Infrastructure

https://www.legis.ga.gov/legislation/70204