AN ACT RELATING TO PUBLIC UTILITIES AND CARRIERS -- THE RENEWABLE ENERGY GROWTH PROGRAM

HB 7176 repeals Rhode Island's Renewable Energy Growth Program, which had provided state-financed incentives for renewable energy projects. The program, established to meet climate goals, supported distributed solar and other renewable projects through performance-based incentives over five years, with requirements to protect core forests and prioritize disturbed sites. By eliminating this program, the bill ends the state's specific mechanism for financing and encouraging renewable energy development within electric distribution company load zones. This directly affects electric distribution companies, the Distributed-Generation Board, and future renewable energy developers who would have relied on the program's funding structure.