SB 5128.E - DIGEST |
(DIGEST AS ENACTED) |
Revises the definition of "eligible renewable resource," for purposes of the energy independence act, to include incremental electricity produced as a result of a capital investment completed after January 1, 2020, that increases, relative to a baseline level of generation before the capital investment, the amount of electricity generated in a facility that generates qualified biomass energy and commenced operation before March 31, 1999. |
Requires the facility to demonstrate: (1) Its baseline level of generation over a three-year period before the capital investment in order to calculate the amount of incremental electricity produced; and |
(2) That the incremental electricity resulted from the capital investment, which does not include expenditures on operation and maintenance in the normal course of business, through direct or calculated measurement. |