HB 4518 Summary

• Increases renewable energy credit portfolio requirements for electric providers, with providers achieving 10% by 2015, maintained through 2021, then rising to 20% by 2022 and maintained thereafter.

• Requires large electric providers (1,000,000+ retail customers as of January 1, 2008) to achieve 200-500 megawatts of renewable energy capacity by December 31, 2015, depending on customer size.

• Permits electric providers to substitute energy optimization credits, advanced cleaner energy credits, or combinations thereof for up to 10% of renewable energy credit requirements, with advanced cleaner energy from existing systems limited to 70% of that 10% allowance.

• Allows the commission to grant up to 2 one-year extensions of renewable energy standard deadlines (2015 and 2022) for good cause, and may establish revised attainable standards after 2 extensions are used.

• Takes effect 90 days after enactment and is contingent on passage of HB 4519.