RI S2764

Adds nuclear energy (fission and fusion) and large-scale hydroelectric facilities (over 30 MW) as eligible "zero-emission resources" that can count toward Rhode Island's Renewable Energy Standard compliance

Extends the 100% renewable/zero-emission electricity target from 2033 to 2040, with revised annual percentage increases of 3% (2027-2030), 4% (2031-2033), and 5% (2034-2040)

Restructures alternative compliance payments to $40/MWh for new renewable and zero-emission resources and $11/MWh for existing resources, replacing the previous $50/MWh rate adjusted for inflation

Requires generation units outside the NEPOOL control area to demonstrate actual energy delivery into New England through bilateral contracts and ISO-New England settlement confirmation to qualify

Starting January 1, 2027, directs 50% of alternative compliance payment revenues to the electric distribution company for direct ratepayer bill credits, with a rate relief plan due to the PUC within 90 days of receiving funds