Ch. 487

2004 LAWS OF MARYLAND

7-705.

(A)     EACH ELECTRICITY SUPPLIER SHALL SUBMIT A REPORT TO THE
COMMISSION EACH YEAR IN A FORM AND BY A DATE SPECIFIED BY THE COMMISSION
THAT:

(1)      DEMONSTRATES THAT THE ELECTRICITY SUPPLIER HAS COMPLIED
WITH THE APPLICABLE RENEWABLE ENERGY PORTFOLIO STANDARD UNDER § 7-703
OF THIS SUBTITLE AND INCLUDES THE SUBMISSION OF THE REQUIRED AMOUNT OF
RENEWABLE ENERGY CREDITS; OR

(2)      DEMONSTRATES THE AMOUNT OF ELECTRICITY SALES BY WHICH
THE ELECTRICITY SUPPLIER FAILED TO MEET THE APPLICABLE RENEWABLE
ENERGY PORTFOLIO STANDARD.

(B)     IF AN ELECTRICITY SUPPLIER FAILS TO COMPLY WITH THE RENEWABLE
ENERGY PORTFOLIO STANDARD FOR THE APPLICABLE YEAR, THE ELECTRICITY
SUPPLIER SHALL PAY INTO THE MARYLAND RENEWABLE ENERGY FUND
ESTABLISHED UNDER § 7-706 § 7-707 OF THIS SUBTITLE A COMPLIANCE FEE OF:

(1)      EXCEPT AS PROVIDED IN PARAGRAPH (2) OF THIS SUBSECTION, A
COMPLIANCE FEE OF:

(I)      2 CENTS FOR EACH KILOWATT-HOUR OF SHORTFALL FROM
REQUIRED TIER 1 RENEWABLE SOURCES; AND

(II)     1.5 CENTS FOR EACH KILOWATT-HOUR OF SHORTFALL FROM
REQUIRED TIER 2 RENEWABLE SOURCES; OR

(2)      FOR INDUSTRIAL PROCESS LOAD:

(I) 1 CENT FOR EACH KILOWATT-HOUR OF SHORTFALL FROM
REQUIRED TIER 1 RENEWABLE SOURCES; AND

(II) 0.75 CENT FOR EACH KILOWATT-HOUR OF SHORTFALL FROM
REQUIRED TIER 2 RENEWABLE SOURCES.

(I) FOR EACH KILOWATT-HOUR OF SHORTFALL FROM REQUIRED
TIER 1 RENEWABLE SOURCES, A COMPLIANCE FEE OF:

1.       0.8 CENTS IN 2006. 2007. AND 2008;

2.       0.5 CENTS IN 2009 AND 2010;

3. 0.4 CENTS IN 2011 AND 2012:

4. 0.3 CENTS IN 2013 AND 2014:

5.       0.25 CENTS IN 2015 AND 2016; AND

6.       0.2 CENTS IN 2017 AND LATER; AND

(II) NOTHING FOR ANY SHORTFALL FROM REQUIRED TIER 2
RENEWABLE SOURCES.

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