SB 251 Dubbed Clean Energy Bill is the One to Watch Now from Indiana Senate Republican Caucus February 7, 2011Posted by Laura Arnold in 2011 Indiana General Assembly, Uncategorized.
Tags: Indiana Sen. Beverly Gard (R-Greenfield), Indiana Sen. Jim Merritt Jr. (R-Indianapolis), SB 251 Clean Energy Bill (2011)
Agenda for : Senate Utilities & Technology Committee
Thursday, February 10, 2011
09:00 AM EST
Senate Chamber, State House, Indianapolis, IN
Committee Chairman : Merritt
Committee Members :
Leising R.M., Gard, Kruse, Schneider, Tomes, Yoder
Randolph R.M.M., Breaux, R. Young
Committee Hearing :
SB 0251 Clean energy. (Gard, Merritt, Hershman, Boots)
Clean energy. Requires the Indiana utility regulatory commission (IURC) to allow an energy utility to recover certain federally mandated costs through periodic retail rate adjustment mechanisms. Changes the term “clean coal and energy projects” to “clean energy projects” to allow the term to include nuclear energy production or generating facilities. Provides that: (1) nuclear energy production or generating facilities; and (2) purchases of energy produced by the facilities; qualify for financial incentives available for clean energy projects. Provides that a combined heat and power facility qualifies as a renewable energy resource for purposes of financial incentives for clean energy projects. Provides that an eligible business may recover qualified utility system expenses associated with a: (1) new energy production or generating facility; or (2) new nuclear energy production or generating facility. Requires the IURC to adopt rules to establish the voluntary clean energy portfolio standard program to provide incentives to participating electricity suppliers to supply specified percentages of electricity from clean energy sources. States three clean portfolio standard goals (CPS goals) that a participating electricity supplier must achieve to qualify for an incentive. Provides that a participating electricity supplier may own or purchase clean energy credits to meet a CPS goal. Beginning in 2014, requires: (1) a participating electricity supplier to report annually to the IURC on the supplier’s efforts to meet the CPS goals; and (2) the IURC to include in its annual report to the regulatory flexibility committee a summary of the information reported by participating electricity suppliers.
The reprinted version of the bill was not available at the time of this blog post, so please find here a copy of the Committee Report containing the strip and insert amendment which becomes the new bill language.
SB 0054 Local regulation of video service franchises. (Holdman)
SB 0480 Various communications matters. (Hershman)