ROBERT L. EHRLICH, JR., Governor                                Ch. 488

(1)      MAY CONTINUE TO RELY ON THAT CREDIT FOR THAT YEAR; BUT

(2)      FOR LATER YEARS MUST:

(I)       DEMONSTRATE A RETURN TO COMPLIANCE OF THE
GENERATING FACILITY UNDER § 7-704(G) OF THIS SUBTITLE; OR

(II)     REPLACE THE CREDIT WITH A RENEWABLE ENERGY CREDIT
FROM ANOTHER SOURCE.

(E) THE COMMISSION BY REGULATION SHALL ESTABLISH REQUIREMENTS
FOR DOCUMENTATION AND VERIFICATION OF RENEWABLE ENERGY CREDITS BY
LICENSED ELECTRICITY SUPPLIERS AND OTHER GENERATORS THAT CREATE AND
RECEIVE CREDITS FOR COMPLIANCE WITH THE STANDARDS FOR TIER 1 RENEWABLE
SOURCES AND TIER 2 RENEWABLE SOURCES.

7-710.

THE COMMISSION MAY IMPOSE AN ADMINISTRATIVE FEE ON A RENEWABLE
ENERGY CREDIT TRANSACTION, BUT THE AMOUNT OF THE FEE MAY NOT EXCEED
THE COMMISSION'S ACTUAL DIRECT COST OF PROCESSING THE TRANSACTION.

7-711.

THE COMMISSION HAS THE SAME POWER AND AUTHORITY WITH RESPECT TO
AN ELECTRICITY SUPPLIER UNDER THIS SUBTITLE THAT THE COMMISSION HAS
WITH RESPECT TO ANY PUBLIC SERVICE COMPANY UNDER THIS ARTICLE FOR THE
PURPOSES OF INVESTIGATING AND EXAMINING THE ELECTRICITY SUPPLIER TO
DETERMINE COMPLIANCE WITH THIS SUBTITLE AND WITH OTHER APPLICABLE LAW.

7-712.

SUBJECT TO § 2-1246 OF THE STATE GOVERNMENT ARTICLE, ON OR BEFORE
FEBRUARY 1 OF EACH YEAR THE COMMISSION SHALL REPORT TO THE GENERAL
ASSEMBLY ON THE STATUS OF IMPLEMENTATION OF THIS SUBTITLE, INCLUDING
THE AVAILABILITY OF TIER 1 RENEWABLE SOURCES, PROJECTS SUPPORTED BY THE
FUND, AND OTHER PERTINENT INFORMATION.

7-713.

THE COMMISSION SHALL ADOPT REGULATIONS TO IMPLEMENT THE
PROVISIONS OF THIS SUBTITLE.

SECTION 2. AND BE IT FURTHER ENACTED, That the Laws of Maryland
read as follows:

Article - Public Utility Companies

7-516.

[(a) An electric company shall continue to purchase electricity under any
contract in effect on January 1, 1999, with a renewable energy resource facility
located in the State until the later of the expiration of the contract or the expiration or
satisfaction of bonds existing on January 1, 1999, supporting the facility.

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