Bill > H7611

This bill amends Rhode Island's Renewable Energy Standard by extending the deadline for obligated entities, which are companies selling electricity at retail to Rhode Island customers, to meet increasingly higher percentages of electricity sales from eligible renewable energy resources. Specifically, it pushes back the target dates for achieving these higher percentages, with the ultimate goal of having 100% of Rhode Island's electricity demand met by renewable energy now set for 2044, instead of the previous 2033 deadline. The bill also includes provisions for how compliance can be demonstrated, such as through the procurement of NE-GIS certificates (New England Generation Information System certificates, a tracking system for renewable energy) or by making alternative compliance payments to a dedicated fund, and addresses specific situations like existing supply contracts and municipal aggregation.

Business and Industry

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