ROBERT L. EHRLICH, JR., Governor                             Ch. 487

(C)     BEFORE CALCULATING THE NUMBER OF CREDITS REQUIRED TO MEET
THE PERCENTAGES ESTABLISHED UNDER SUBSECTION (B) OF THIS SECTION, AN
ELECTRICITY SUPPLIER SHALL EXCLUDE FROM ITS TOTAL RETAIL ELECTRICITY
SALES ALL RETAIL ELECTRICITY SALES DESCRIBED IN SUBSECTION (A)(2) OF THIS
SECTION.

(D)     SUBJECT TO SUBSECTIONS (A) AND (C) OF THIS SECTION, AN ELECTRICITY
SUPPLIER SHALL MEET THE RENEWABLE ENERGY PORTFOLIO STANDARD BY
ACCUMULATING THE EQUIVALENT AMOUNT OF RENEWABLE ENERGY CREDITS THAT
EQUAL THE PERCENTAGE REQUIRED UNDER THIS SECTION.

7-704.

(A)     (1) ENERGY FROM A TIER 1 RENEWABLE SOURCE:

(I)      IS ELIGIBLE FOR INCLUSION IN MEETING THE RENEWABLE
ENERGY PORTFOLIO STANDARD REGARDLESS OF WHEN THE GENERATING SYSTEM
OR FACILITY WAS PLACED IN SERVICE; AND

(II)     MAY BE APPLIED TO THE PERCENTAGE REQUIREMENTS OF THE
STANDARD FOR EITHER TIER 1 RENEWABLE SOURCES OR TIER 2 RENEWABLE
SOURCES.

(2)      ENERGY FROM A TIER 1 RENEWABLE SOURCE UNDER § 7-701(L)(8) OF
THIS SUBTITLE IS ELIGIBLE FOR INCLUSION IN MEETING THE RENEWABLE ENERGY
PORTFOLIO IF IT IS GENERATED AT A DAM THAT EXISTED AS OF JANUARY 1, 2004,
EVEN IF A SYSTEM OR FACILITY THAT IS CAPABLE OF GENERATING ELECTRICITY DID
NOT EXIST ON THAT DATE.

(2)      (3) (I) ENERGY FROM A TIER 2 RENEWABLE SOURCE UNDER §
7-701(M)(1) OR (3) OF THIS SUBTITLE IS ELIGIBLE FOR INCLUSION IN MEETING THE
RENEWABLE ENERGY PORTFOLIO STANDARD THROUGH 2018 IF IT IS GENERATED AT
A SYSTEM OR FACILITY THAT EXISTED AND WAS OPERATIONAL AS OF JANUARY 1,
2004, EVEN IF THE FACILITY OR SYSTEM WAS NOT CAPABLE OF GENERATING
ELECTRICITY ON THAT DATE.

(II) ENERGY FROM A TIER 2 RENEWABLE SOURCE UNDER §
7-701(M)(2) OF THIS SUBTITLE IS ELIGIBLE FOR INCLUSION IN MEETING THE
RENEWABLE ENERGY PORTFOLIO STANDARD REGARDLESS OF WHEN THE
GENERATING SYSTEM WAS PLACED IN SERVICE.

(B)     ON OR AFTER JANUARY 1, 2004, AN ELECTRICITY SUPPLIER MAY:

(1)      RECEIVE RENEWABLE ENERGY CREDITS; AND

(2)      ACCUMULATE RENEWABLE ENERGY CREDITS UNDER THIS
SUBTITLE.

(C)     AN ELECTRICITY SUPPLIER SHALL RECEIVE DOUBLE CREDIT TOWARD
MEETING THE RENEWABLE ENERGY PORTFOLIO STANDARD FOR ENERGY DERIVED
FROM SOLAR ENERGY.

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