Ch. 488

2004 LAWS OF MARYLAND

(II) RENEWABLE ENERGY CREDIT TRANSACTIONS AMONG
ELECTRICITY SUPPLIERS IN THE STATE, INCLUDING:

1.       THE CREATION AND APPLICATION OF RENEWABLE
ENERGY CREDITS;

2.       THE NUMBER OF RENEWABLE ENERGY CREDITS SOLD OR
TRANSFERRED; AND

3.       THE PRICE PAID FOR THE SALE OR TRANSFER OF
RENEWABLE ENERGY CREDITS.

(2) (I) THE REGISTRY SHALL PROVIDE CURRENT INFORMATION TO
ELECTRICITY SUPPLIERS AND THE PUBLIC ON THE STATUS OF RENEWABLE ENERGY
CREDITS CREATED, SOLD, OR TRANSFERRED IN THE STATE.

(II) REGISTRY INFORMATION SHALL BE AVAILABLE BY COMPUTER
NETWORK ACCESS THROUGH THE INTERNET.

7-709.

(A)     AN ELECTRICITY SUPPLIER MAY USE ACCUMULATED RENEWABLE
ENERGY CREDITS TO MEET THE RENEWABLE ENERGY PORTFOLIO STANDARD,
INCLUDING CREDITS CREATED BY A RENEWABLE ON-SITE GENERATOR.

(B)     A RENEWABLE ENERGY CREDIT MAY BE SOLD OR OTHERWISE
TRANSFERRED.

(C)     (1) EXCEPT AS AUTHORIZED UNDER PARAGRAPH (2) OF THIS
SUBSECTION, A RENEWABLE ENERGY CREDIT SHALL EXIST FOR 3 YEARS FROM THE
DATE CREATED.

(2) A RENEWABLE ENERGY CREDIT MAY BE DIMINISHED OR
EXTINGUISHED BEFORE THE EXPIRATION OF 3 YEARS BY:

(I)      THE ELECTRICITY SUPPLIER THAT RECEIVED THE CREDIT;

(II)     A NONAFFILIATED ENTITY OF THE ELECTRICITY SUPPLIER:

1.       THAT PURCHASED THE CREDIT FROM THE ELECTRICITY
SUPPLIER RECEIVING THE CREDIT; OR

2.       TO WHOM THE ELECTRICITY SUPPLIER OTHERWISE
TRANSFERRED THE CREDIT; OR

(III)   DEMONSTRATED NONCOMPLIANCE BY THE GENERATING
FACILITY WITH THE REQUIREMENTS OF § 7-704(G) OF THIS SUBTITLE.

(D)     NOTWITHSTANDING SUBSECTION (C)(2)(III) OF THIS SECTION, AND ONLY
IF THE DEMONSTRATED NONCOMPLIANCE DOES NOT RESULT IN ENVIRONMENTAL
DEGRADATION, AN ELECTRICITY SUPPLIER THAT REASONABLY INCLUDES IN ITS
ANNUAL REPORT UNDER § 7-705 OF THIS SUBTITLE A RENEWABLE ENERGY CREDIT
THAT IS EXTINGUISHED FOR NONCOMPLIANCE WITH § 7-704(G)(1) OR (2) OF THIS
SUBTITLE:

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