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IN HB1134
Bill
Status
1/7/2016
Primary Sponsor
Ryan Dvorak
Click for details
AI Summary
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Electricity suppliers must meet escalating renewable energy percentages starting at 5% by December 31, 2016, increasing to 25% by December 31, 2026, measured in megawatt hours.
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Renewable energy resources include solar, wind, hydropower, geothermal, fuel cells, combined heat and power systems, energy efficiency measures, and certain waste-derived energy, but exclude municipal solid waste and tires.
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Establishes the renewable energy resources fund financed by $50 per megawatt hour penalties from suppliers failing to meet standards, to support renewable energy research, manufacturing grants, and facility construction.
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Electricity suppliers may trade renewable energy credits (RECs) to meet requirements, with bonus multipliers for peak demand energy, Indiana-made equipment, and Indiana-constructed facilities.
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Repeals the voluntary Clean Energy Portfolio Standard program and requires the utility regulatory commission to adopt implementation rules and guidelines for transitioning participating suppliers to mandatory standards by July 1, 2016.
Legislative Description
Renewable energy. Requires an electricity supplier to supply a certain percentage of its total electricity supply from renewable energy resources. Establishes the renewable energy resources fund to receive penalties paid by electricity suppliers that fail to supply electricity from renewable energy resources. Continuously appropriates money in the fund. Requires the utility regulatory commission to adopt guidelines to assist electricity suppliers that participated in the voluntary clean energy portfolio standard (CEPS) program in complying with the new renewable energy standards. Repeals IC 8-1-37 (CEPS program).
Last Action
First reading: referred to Committee on Utilities, Energy and Telecommunications
1/7/2016