Summary of Substitute Senate Bill No. 9 (Public Act No. 18-50)

• Increases renewable energy portfolio standards for electric suppliers and distribution companies, requiring 40% Class I renewable energy sources by January 1, 2030, with intermediate targets escalating from 21% in 2020 to 38% in 2029.

• Establishes new procurement programs for distributed renewable energy projects under 2 megawatts with tariffs for residential, small business, and shared clean energy facilities, with solicitations beginning in 2020.

• Modifies net metering provisions by establishing a December 31, 2039 expiration date for the existing net metering credit system and directing the Public Utilities Regulatory Authority to establish a purchase rate for power after that date.

• Increases conservation funding by raising the conservation adjustment mechanism cap from 3 mills to 6 mills per kilowatt hour and establishes a state policy to reduce energy consumption by 1.6 million MMBtu annually through 2025.

• Permits electric distribution companies to enter into long-term power purchase contracts for Class I renewable energy sources at up to 9 cents per kilowatt hour for biomass facilities and authorizes the commissioner to procure large-scale hydropower and other resources to meet up to 6% of statewide electric load.