Ch. 488

2004 LAWS OF MARYLAND

(3)     develop recommendations concerning the continuation of the
renewable portfolio standard for Tier 1 and Tier 2 renewable sources, including the
classification of sources in distinct tiers, any recommended alteration to the tier
system, and whether the tiers should be continued and, if so, at what percentages;
and

(4)     on or before January 1, 2017, report its recommendations to the
Governor and the General Assembly, subject to § 2-1246 of the State Government
Article.

SECTION 5. 10. AND BE IT FURTHER ENACTED, That Section 2 of this Act
shall take effect January 1, 2006.

SECTION 6. 11. AND BE IT FURTHER ENACTED, That, except as provided in
Section 5 10 of this Act, this Act shall take effect July 1, 2004.

Approved May 26, 2004.

CHAPTER 488
(House Bill 1308)

AN ACT concerning

Electricity Regulation - Renewable Energy Portfolio Standard and Credit
Trading - Maryland Renewable Energy Fund

FOR the purpose of requiring the Public Service Commission to establish renewable
energy portfolio standards for certain retail electricity sales during certain
years; requiring certain standards to be met by the accumulation of renewable
energy credits; providing for the eligibility of energy from certain sources under
certain circumstances; providing additional credit for energy from certain
sources for certain periods; limiting the credits available from certain sources
under certain circumstances; allowing certain customers persons to obtain and
apply certain credits in a certain manner; providing that certain persons who
surrender certain credits retain all rights and title to certain attributes;
requiring electricity suppliers to submit a certain report each year to the
Commission; authorizing certain electricity suppliers to demonstrate
compliance in certain manners; requiring electricity suppliers to pay certain
compliance fees under certain circumstances; providing for the recovery of
certain costs under certain circumstances; authorizing the Commission to waive
recovery of a certain fee under certain circumstances; establishing a Maryland
Renewable Energy Fund to be administered by the Maryland Energy
Administration under Commission oversight for certain purposes; requiring the
State Treasurer and the State Comptroller to perform certain functions related
to the Fund; authorizing the Fund to be used for loans and grants to eligible
projects; limiting the amount of funds that may be used for certain
administrative expenses; requiring the Commission to review and approve
certain applications; requiring the Commission to establish and maintain a

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