Amend the amendment by striking out all of section 2.
Amend the amendment by striking out all of section 4 and inserting the following:
‘Sec. 4. 35-A MRSA §3210-C, sub-§13 is enacted to read:
Amend the amendment by relettering or renumbering any nonconsecutive Part letter or section number to read consecutively.
This amendment modifies Committee Amendment "B" as follows.
1. It provides that the new contracts with electricity resources for the purposes of reducing the price of electricity to ratepayers must comply with the current requirement that the price paid by the investor-owned transmission and distribution utility for any renewable energy credits must be lower than the price received for those renewable energy credits at the time they are sold by the transmission and distribution utility.
2. It removes the provision that allows a generator whose total power production capacity exceeds 100 megawatts to qualify as a renewable resource under the so-called Class 2 portfolio requirement under the Maine Revised Statutes, Title 35-A, section 3210, subsection 3.
3. It limits the amount of electricity that can be contracted from generators whose total power production capacity exceeds 100 megawatts, to the extent those generators, as a result of the contracts, are allowed to qualify for the so-called Class 1 portfolio requirement under the Maine Revised Statutes, Title 35-A, section 3210, subsection 3-A. In the aggregate such contracts may not in any year account for more than 50% of the annual incremental increases in the total statewide Class 1 portfolio requirement over the amount currently established for 2012. The 2012 Class 1 portfolio requirement amounts to 5% of supply resources. This portfolio requirement is currently scheduled to increase by 1% each year until it reaches 10% in 2017. Under this current schedule, up to 50% of each year's 1% increase, or up to .5% of supply resources in 2013 and up to .5% additionally each year thereafter, may be under contract with generators whose total power production capacity exceeds 100 megawatts.