HB 5760 Summary

• Increases renewable energy capacity portfolio requirements for electric utilities to 584 megawatts by December 31, 2015 (from 500 MW) and 1,080-1,100 megawatts by December 31, 2025 for providers with 1-2 million or 2+ million retail customers respectively.

• Modifies renewable energy credit portfolio standards to require 10% by 2015 (phased in at 20%, 33%, 50%, and 100% for 2012-2015) and 30% by 2025, with maintenance of 2015 levels through 2024.

• Changes the deadline for extension requests from 2015 to 2025 and allows a single extension of up to 1 year for good cause, eliminating the previous provision allowing two extensions.

• Permits electric utilities to satisfy up to 10% of renewable energy credit requirements through energy optimization credits, advanced cleaner energy credits, or combinations thereof (with specific substitution rates defined).

• Defines "good cause" for deadline extensions to include renewable energy system feasibility limitations such as zoning restrictions, equipment shortages, transmission costs, and system reliability concerns.