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A BILL TO BE ENTITLED
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AN ACT
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relating to goals for renewable energy capacity derived from |
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renewable energy sources other than sources using wind energy. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Sections 39.904(a) and (o), Utilities Code, are |
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amended to read as follows: |
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(a) It is the intent of the legislature that by January 1, |
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2015, an additional 5,000 megawatts of generating capacity from |
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renewable energy technologies will have been installed in this |
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state. The cumulative installed renewable capacity in this state |
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shall total 5,880 megawatts by January 1, 2015, and the commission |
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shall establish a goal [target] of 10,000 megawatts of installed |
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renewable capacity by January 1, 2025. The cumulative installed |
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renewable capacity in this state shall total 2,280 megawatts by |
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January 1, 2007, 3,272 megawatts by January 1, 2009, 4,264 |
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megawatts by January 1, 2011, 5,256 megawatts by January 1, 2013, |
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and 5,880 megawatts by January 1, 2015. Of the renewable energy |
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technology generating capacity installed to meet the goal of this |
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subsection after September 1, 2005, the commission shall establish |
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a goal [target] of having at least 3,000 [500] megawatts of capacity |
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from a renewable energy technology other than a source using wind |
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energy. |
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(o) The commission may establish an alternative compliance |
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payment. An entity that has a renewable energy purchase |
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requirement under this section may elect to pay the alternative |
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compliance payment instead of applying renewable energy credits |
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toward the satisfaction of the entity's obligation under this |
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section. The commission may establish a separate alternative |
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compliance payment for the goal of 3,000 [500] megawatts of |
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capacity from renewable energy technologies other than wind energy. |
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The alternative compliance payment for a renewable energy purchase |
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requirement that could be satisfied with a renewable energy credit |
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from wind energy may not be less than $2.50 per credit or greater |
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than $20 per credit. Prior to September 1, 2009, an alternative |
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compliance payment under this subsection may not be set above $5 per |
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credit. In implementing this subsection, the commission shall |
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consider: |
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(1) the effect of renewable energy credit prices on |
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retail competition; |
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(2) the effect of renewable energy credit prices on |
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electric rates; |
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(3) the effect of the alternative compliance payment |
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level on the renewable energy credit market; and |
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(4) any other factors necessary to ensure the |
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continued development of the renewable energy industry in this |
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state while protecting ratepayers from unnecessary rate increases. |
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SECTION 2. This Act takes effect September 1, 2009. |