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Ch. 119 2007 Laws of Maryland
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ownership of the renewable energy attributes or renewable energy credits from the
eligible customer-generator to another entity.
SECTION 5. AND BE IT FURTHER ENACTED. That, as part of its annual
report due February 1, 2014 under § 7-712 of the Public Utility Companies Article, the
Public Service Commission shall report its findings and recommendations for
modification, if any, to the renewable energy portfolio standard provisions under Title
7, Subtitle 7 of the Public Utility Companies Article based on a thorough study of the
implementation of the renewable energy portfolio standard requirements since 2006.
The study conducted by the Commission shall:
(1) be based on the results of the renewable energy portfolio standard
requirements effective through 2013;
(2) determine whether the intended goals of the renewable energy
portfolio standard provisions are being met and are anticipated to be met in the
future:
(3) consider the impact of the renewable energy portfolio standard
requirements in developing renewable energy in the State; and
(4) consider the cost implications to residential consumers of
continuing the renewable energy portfolio standard requirements beyond 2014;
(5) determine the realized and projected availability of solar
renewable energy credits in Maryland;
(6) consider the ability of a regional market to lower the cost impact of
the solar requirements of the renewable energy portfolio standard on customers;
(7) consider the ability of a regional market, in complying with the
solar requirements, to develop solar energy in Maryland; and
(8) determine the appropriate use of the funds that are paid into the
Maryland Renewable Energy Fund from compliance fees, including specific criteria for
making loans and grants, to achieve the intended goals of the renewable energy
portfolio provisions standard.
SECTION 3. 6. AND BE IT FURTHER ENACTED, That Sections 1 and 4 of
this Act shall take effect October 1, 2007.
SECTION 7. AND BE IT FURTHER ENACTED. That, except as provided in
Section 6 of this Act, this Act shall take effect July 1, 2007.
Approved by the Governor, April 24, 2007.
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