Bill > S2764

This bill expands Rhode Island's Renewable Energy Standard to include nuclear and large-scale hydroelectric power as eligible "zero-emission resources," meaning they generate electricity without directly emitting greenhouse gases or air pollutants. It clarifies how these resources, including those outside the New England Power Pool (NEPOOL) control area, can qualify and be recognized for compliance. The bill also updates the definition and amounts for "alternative compliance payments," which are fees paid instead of meeting the standard, and sets a new schedule to ensure that 100% of Rhode Island's retail electricity sales come from renewable and zero-emission resources by 2040, with specific provisions for how existing and new resources contribute and how compliance payments will be used for ratepayer relief starting in 2027.

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