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Session Laws, 2007
Volume 803, Page 1141   View pdf image
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Martin O'Malley, Governor Ch. 120
capacity not exceeding 10 kilowatts shall purchase the credits with
a single initial payment representing the full estimated production
of the system for the life of the contract. (II) The Commission shall: 1. develop a method for estimating annual
production from the type of system described in subparagraph (i) of
this paragraph and allocating the credits to the electricity
supplier in a manner that is consistent with the duration of the
contract: and 2. determine the rate for a payment made to a
renewable on-site generator under subparagraph (i) of this
paragraph. [(c)] (d) (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)] § 7-704(F) of this subtitle. [(d)] (e) Notwithstanding subsection [(c)(2)(iii)] (d)(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)] § 7-704(f)(1) or (2) of this subtitle: (1) may continue to rely on that credit for that year; but (2) for later years must:
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Session Laws, 2007
Volume 803, Page 1141   View pdf image
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