Bill > LD1868

This bill advances Maine's clean energy goals by updating renewable and clean energy resource procurement laws. It modifies the state's existing renewable energy portfolio requirements by changing the target date for 100% renewable electricity from 2050 to 2040, with 90% renewable and 10% coming from new "clean resources". The bill introduces a new category of "Class III resources" or "clean resources", which includes nuclear power plants, hydroelectric generators meeting fish passage requirements, and other electricity generation methods that produce minimal greenhouse gas emissions. The legislation establishes a gradual implementation schedule for clean resources, starting with 1% in 2031 and increasing to 10% by 2040. Competitive electricity providers will be required to demonstrate that their electricity portfolio includes an increasing percentage of clean resources over time, with provisions for alternative compliance payments and credit trading. The bill also requires the Public Utilities Commission to report on the status of clean resources and allows for potential suspension of scheduled increases if market conditions are not favorable. Additionally, the legislation updates various definitions and reporting requirements related to renewable and clean energy credits, aiming to provide flexibility and support the state's transition to a cleaner energy ecosystem.

Transportation and Infrastructure

https://legislature.maine.gov/legis/bills/display_ps.asp?LD=1868&snum=132