Renewable energy portfolio standard program; energy from geothermal heating/cooling systems, report.

Updated statutory references in definitions to use consistent formatting (e.g., § 56-585.1:11) and clarified the definition of 'Previously developed project site' to explicitly include brownfields and specific land uses like parking lots and mining sites.

Reorganized the Renewable Energy Portfolio Standard (RPS) compliance table to clearly separate requirements for Phase I and Phase II utilities, ensuring the percentage targets for each are easily distinguishable.

Added a new mandatory requirement for Phase I and Phase II utilities to procure a specific percentage of RECs from geothermal heating and cooling systems starting in 2027, increasing annually to 1%.

Modified the deficiency payment rules for utilities that fail to meet RPS targets, adding a specific penalty for shortfalls in geothermal RECs and requiring utilities to purchase alternative RECs if geothermal options are unavailable at the required price.

Adjusted the timeline for reporting on geothermal REC procurement to November 1, 2028, and maintained the deadline for real estate appraiser training regulations at November 1, 2026.

Corrected minor formatting inconsistencies in section headers and statutory citations throughout the text to align with standard legislative drafting conventions.

Removed 'Engrossed' header, bill number, and committee referral text as these are procedural markers no longer needed in the final enrolled version.

Added official act numbering, chapter title, and 'Approved' stamps to reflect the bill's final passage and enactment status.

Changed the document title from 'ENGROSSED' to 'ENROLLED' to indicate the bill has been signed into law.

All substantive policy requirements, including RPS percentages, geothermal mandates, and utility retirement deadlines, remain exactly as drafted in the Engrossed version.