relative to rebates to ratepayers from the renewable energy fund.

HB 224 requires the state to rebate excess funds in the Renewable Energy Fund directly to all retail electric ratepayers (including households, businesses, and government entities) on a per-kilowatt-hour basis. The bill mandates that any money remaining in the fund after covering administrative costs and renewable energy incentive programs must be returned to ratepayers, rather than being retained or redirected. This applies to funds generated from Alternative Compliance Payments (ACPs) paid by utilities that fail to meet renewable energy requirements under the state’s portfolio standard. The rebates would be administered by the Public Utilities Commission, with the amount depending on annual fund balances and program expenditures.