Energy (Energy Storage)

Electric utilities; suspension of certain requirements. Provides that the renewable energy portfolio standard requirements and any associated construction, procurement, or retirement mandates are suspended for the applicable compliance year if the State Corporation Commission determines that compliance has resulted in, or will result in, any of the following: (i) an increase in the average residential customer’s total monthly electric bill of more than five percent in any calendar year that is attributable to compliance with the renewable energy portfolio standard or associated zero-carbon generation or energy storage requirements; (ii) an increase in any rate adjustment clause, rider, or non-bypassable charge associated with compliance with this section that exceeds $50 per month for the average residential customer; (iii) a determination that compliance poses a material risk to electric system reliability or resource adequacy in the Commonwealth; or (iv) a determination that the cost of renewable energy certificates necessary for compliance exceeds the applicable alternative compliance payment or deficiency payment for two consecutive compliance years.

Electric utilities; construction and development of renewable energy facilities; powers of State Air Pollution Control Board; powers of State Corporation Commission. Repeals provisions (i) requiring the State Air Pollution Control Board to adopt regulations to reduce carbon dioxide emissions from any electricity generating unit in the Commonwealth and authorizing the Board to establish an auction program for energy allowances; (ii) prohibiting the State Corporation Commission from approving any new utility-owned generation facilities that emit carbon dioxide as a by-product of energy generation under certain circumstances; (iii) declaring that statutory allowances for energy derived from sunlight, onshore wind, offshore wind, and storage facilities are in the public interest; and (iv) relating to the development of solar and wind generation and energy storage capacity, development of offshore wind capacity, and generation of electricity from renewable and zero-carbon sources. The bill provides that planning and development activities for new nuclear generation facilities are in the public interest.