AN ACT RELATING TO PUBLIC UTILITIES AND CARRIERS -- RENEWABLE ENERGY STANDARD

HB 5820 amends Rhode Island's renewable energy standard, requiring electricity providers to gradually increase the share of renewable energy in their retail sales to end-use customers. Starting in 2007, providers must meet rising annual targets (e.g., 4% in 2023, 5% in 2024, and 9.5% by 2043), with a cap of 2% from existing renewable sources. The bill allows compliance through renewable energy certificates or alternative payments to a development fund, while exempting pre-2022 power contracts from later targets. It aims to achieve 100% renewable electricity for Rhode Island by 2043.