Allowing incremental electricity produced as a result of certain capital investment projects to qualify as an eligible renewable resource under the energy independence act.
Summary
Allows a qualifying utility to use incremental electricity produced as a result of a capital investment completed after March 31, 1999, as an eligible renewable resource to comply with Initiative 937, the Energy Independence Act.
Requires the facility to demonstrate through direct or calculated measurement the increase in electricity as a result of the capital investment.
Requires the capital investment to be made to a facility that commenced operation before March 31, 1999, and generates qualified biomass energy.
From the Engrossed Senate Bill Report (ESB 5128), written by the Legislature's nonpartisan staff. Read the full report ↗
AN ACT Relating to allowing incremental electricity produced as a result of certain capital investment projects to qualify as an eligible renewable resource under the energy independence act;