SB 838 - The act modifies certain provisions of the renewable energy standard. The act adds "nuclear power sources" to the definition of "renewable energy resources".
The act changes an electrical corporation's portfolio requirement from no less than 15% to 7.5% of electricity from renewable energy resources in each calendar year beginning 2021.
Under the act, an electrical corporation shall reach an amount of renewable energy technology nameplate capacity equal to or greater than 7.5%, instead of 15% as currently provided, to be exempt from certain subsidies, fees, or rebates, as described in current law.
JULIA SHEVELEVA