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

HB 7611 amends Rhode Island's renewable energy standard, requiring electric utilities (obligated entities) selling electricity to retail customers to gradually increase their renewable energy supply. Starting at 3% in 2007, the required renewable percentage escalates annually, reaching 9.5% by 2044 with a target of 100% renewable electricity for all Rhode Island demand by that year. The bill includes a 2% cap on using existing renewable resources toward the goal and allows compliance through NE-GIS certificates or alternative payments to a development fund. It also exempts pre-2022 power contracts from later-year requirements until their contract end dates.