Senate Bill 15 Summary

• Expands clean energy financial incentives to include low carbon dioxide emitting or noncarbon dioxide emitting energy production facilities and purchases of energy from such facilities.

• Adds combined heat and power facilities to the definition of renewable energy resources eligible for financial incentives.

• Allows eligible businesses to recover qualified utility system expenses, including preconstruction costs (siting, design, licensing, permitting), for new energy facilities or low carbon dioxide emitting facilities.

• Changes "clean coal and energy projects" terminology throughout statute to "clean energy projects" to encompass low carbon and noncarbon dioxide emitting technologies alongside coal-based facilities.

• Effective July 1, 2011.