SB 838 - Energy meeting the criteria of the renewable energy portfolio requirements under the act that is generated from renewable energy resources and contracted for by an accelerated renewable buyer, as defined in the act, shall be subject to certain requirements described in the act. The accelerated renewable buyer shall be exempt from any renewable energy standard compliance costs as may be established by the utility and approved by the Public Service Commission as described in the act. Each electric utility shall certify and verify to the Commission that the accelerated renewable buyer has satisfied the exemption requirements under the act for each year, or an accelerated renewable buyer may choose to certify satisfaction of this exemption by reporting to the Commission individually. Nothing in this provision shall be construed as imposing or authorizing the imposition of any reporting, regulatory or financial burden on an accelerated renewable buyer.
These provisions apply to electric utilities with more than 250,000 but less than 1 million retail customers in the state as of the end of the calendar year 2023.
Any customer receiving electrical service under a Commission-approved market-based tariff with a load of at least 80 megawatts, where the servicing electrical corporation has a Commission-approved mark-based tariff as of the end of 2023, is exempt from any securitized utility tariff charges as described in the act.
The act is identical to provisions in SCS/SB 740 (2024), a provision in SB 837 (2024), a provision in SB 896 (2024), a provision in HB 1728 (2024), a provision in SCS/HCS/HB 1746 (2024), is similar to provisions in SCS/SB 374 (2023).
JULIA SHEVELEVA