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ratepayers in the State.__In making this determination, the | | commission shall consider the total installed megawatts and the | | megawatt hours generated by efficient resources and renewable | | resources in the State.__The commission shall submit its findings | | along with any recommended legislation to the joint standing | | committee of the Legislature having jurisdiction over utilities and | | energy matters by December 15, 2008. |
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| | | 4-C. Maine Renewable Power Fund.__There is established the | | Maine Renewable Power Fund, referred to in this subsection as | | "the fund." The fund is a nonlapsing fund. The commission shall | | administer the fund and disburse money in the fund from payments | | made by competitive electricity providers to meet any unmet Tier | | 2 portfolio requirement to resources eligible for the Tier 2 | | portfolio requirement in the form of per-megawatt-hour support | | payments. |
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| | | 4-D.__Credit trading.__Beginning March 1, 2006, the commission | | shall allow competitive electricity providers to satisfy the | | portfolio requirement of subsection 3-A through renewable energy | | credits if the commission determines that a reliable system of | | electricity attribute trading exists. |
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| | | Sec. 7. 35-A MRSA §3210, sub-§8 is enacted to read: |
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| | | 8. Rules.__The commission shall adopt rules necessary to | | implement this section, including rules governing the | | disbursement of money from the Maine Renewable Power Fund.__Rules | | adopted pursuant to this subsection are major substantive rules | | pursuant to Title 5, chapter 375, subchapter 2-A. |
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| | | This bill amends the renewable resources portfolio standard to | | encourage economic development opportunities in the State, | | increase the State's use of renewable resources to generate | | electricity and reduce greenhouse gas emissions from the State's | | electricity supply portfolio. |
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