§ 39-26.6-2. Renewable energy growth program established. To carry out these purposes, a tariff-based, renewable-energy distributed-generation financing program, hereinafter referred to as the renewable energy growth program, is hereby established with the intention of continuing the development of renewable-energy distributed generation in the load zone of the electric distribution company at reasonable cost. The program shall be designed to finance the development, construction, and operation of renewable-energy distributed-generation projects over five (5) years through a performance-based incentive system that is designed to achieve specified megawatt targets at reasonable cost through competitive processes. The renewable-energy growth program shall be implemented by the electric-distribution company, and guided by the distributed-generation board, in consultation with the office of energy resources, subject to the review and supervision of the commission.
History of Section. (P.L. 2014, ch. 200, § 1; P.L. 2014, ch. 216, § 1.)
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