DE HB186

Creates an Electricity Production Tax Credit (EPTC) of $4 per megawatt-hour for up to three Combined-Cycle Gas Turbine (CCGT) generation facilities operating in Delaware, with facilities required to have capacity between 100 MW and 500 MW

Facilities must be powered by natural gas, hydrogen, or landfill gas, achieve minimum 50% efficiency, and enter service between January 1, 2027, and January 1, 2038

Provides bonus credits of $1 per MWh each for: facilities on brownfield sites or existing/former power plant sites; efficiency ratings of 55% or higher; and integration of carbon capture technology

Caps total annual tax credit value at $15 million per facility, with credits valid for 10 years from commercial operation start date

Unused credits may be carried forward for up to 10 years or sold/transferred to other entities, with oversight by the Public Service Commission, Division of Revenue, and Department of Natural Resources and Environmental Control