Establishes annual statewide limits for emissions of carbon dioxide by electricity providers. Establishes annual statewide limits for emissions of carbon dioxide by electricity providers. Assigns percentage of annual statewide emissions limit to each electricity provider. Provides that electricity provider may meet requirements of Act with emission allowance certificates, greenhouse gas credits, unbundled renewable energy certificates and alternative compliance payments.
Exempts certain electricity providers from limits.
Establishes process for annual issuance of emission allowance certificates. Provides that specified percentages of certificates may be set aside for load changes, sold at auction and directly distributed to electricity providers after payment of administrative fee.
Allows use of greenhouse gas credits approved by State Department of Energy to meet electricity provider's emissions limit. Establishes criteria for approval of greenhouse gas credits.
Directs State Department of Energy to establish system of renewable energy certificates that can be used by electricity provider to comply with provider's emissions limit. Provides that only unbundled renewable energy certificates may be used to comply with limit.
Provides that electricity provider must make alternative compliance payments if provider is unable to comply with provider's emissions limit.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
Revenue Impact:
May Have Revenue Impact, But No Statement Yet Issued
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HB 3545 House Committee On Energy and the Environment
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