An Act To Advance A Clean Energy Economy By Updating Renewable And Clean Resource Procurement Laws

LD 1868 requires Maine's Governor's Energy Office to conduct competitive bidding every two years starting in 2026 to purchase renewable and clean energy, primarily affecting investor-owned utilities and electric ratepayers. The bill establishes a process where the office proposes resource types, timelines, and evaluation criteria, seeking public input before finalizing solicitations. Utilities must negotiate contracts with selected bidders, subject to Public Utilities Commission approval, and a new annual assessment on utility revenues funds the Energy Office's procurement activities. Proposals are evaluated based on cost-effectiveness, emissions reduction benefits, economic development contributions, environmental impact mitigation, and project viability.