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S.B. 202

             1     

ENERGY RESOURCE AND CARBON EMISSION

             2     
REDUCTION INITIATIVE

             3     
2008 GENERAL SESSION

             4     
STATE OF UTAH

             5     
Chief Sponsor: Curtis S. Bramble

             6     
House Sponsor: ____________

             7     
             8      LONG TITLE
             9      General Description:
             10          This bill provides that an electrical corporation or municipal electric utility maintain a
             11      percentage of electricity sold in the form of renewable energy resources.
             12      Highlighted Provisions:
             13          This bill:
             14          .    addresses the application of Title 54, Chapter 17, Energy Resource Procurement Act
             15      to certain renewable energy resources;
             16          .    defines terms;
             17          .    provides that 20% of an electrical corporation's or municipal electric utility's
             18      adjusted retail electric sales beginning in the year 2025 come from qualifying
             19      electricity, including renewable energy resources, if cost effective;
             20          .    provides for the issuance and recognition of a renewable energy certificate for
             21      certain electrical generation and actions by an energy user;
             22          .    requires plans and reports concerning an electrical corporation's or municipal
             23      electric utility's progress in acquiring qualifying electricity;
             24          .    addresses cost recovery for certain energy resources;
             25          .    requires certain state agencies to make rules concerning carbon capture and
             26      geological storage of captured carbon emissions; and
             27          .    makes technical changes.


             28      Monies Appropriated in this Bill:
             29          None
             30      Other Special Clauses:
             31          This bill provides an immediate effective date.
             32      Utah Code Sections Affected:
             33      AMENDS:
             34          54-17-201, as last amended by Laws of Utah 2007, Chapter 289
             35          54-17-302, as last amended by Laws of Utah 2007, Chapter 289
             36          54-17-303, as enacted by Laws of Utah 2005, Chapter 11
             37      ENACTS:
             38          10-19-101, Utah Code Annotated 1953
             39          10-19-102, Utah Code Annotated 1953
             40          10-19-201, Utah Code Annotated 1953
             41          10-19-202, Utah Code Annotated 1953
             42          10-19-301, Utah Code Annotated 1953
             43          10-19-302, Utah Code Annotated 1953
             44          54-17-502, Utah Code Annotated 1953
             45          54-17-601, Utah Code Annotated 1953
             46          54-17-602, Utah Code Annotated 1953
             47          54-17-603, Utah Code Annotated 1953
             48          54-17-604, Utah Code Annotated 1953
             49          54-17-605, Utah Code Annotated 1953
             50          54-17-606, Utah Code Annotated 1953
             51          54-17-607, Utah Code Annotated 1953
             52          54-17-701, Utah Code Annotated 1953
             53     
             54      Be it enacted by the Legislature of the state of Utah:
             55          Section 1. Section 10-19-101 is enacted to read:
             56     
CHAPTER 19. MUNICIPAL ELECTRIC UTILITY CARBON

             57     
EMISSION REDUCTION ACT

             58     
Part 1. General Provisions


             59          10-19-101. Title.
             60          This chapter is known as the "Municipal Electric Utility Carbon Emission Reduction
             61      Act."
             62          Section 2. Section 10-19-102 is enacted to read:
             63          10-19-102. Definitions.
             64          As used in this chapter:
             65          (1) "Adjusted retail electric sales" means the total kilowatt-hours of retail electric sales
             66      of a municipal electric utility to customers in this state in a calendar year, reduced by:
             67          (a) the amount of those kilowatt-hours attributable to electricity generated or purchased
             68      in that calendar year from qualifying zero carbon emissions generation and qualifying carbon
             69      sequestration generation;
             70          (b) the amount of those kilowatt-hours attributable to electricity generated or purchased
             71      in that calendar year from generation located within the geographic boundary of the Western
             72      Electricity Coordinating Council that derives its energy from one or more of the following but
             73      that does not satisfy the definition of a renewable energy source or that otherwise has not been
             74      used to satisfy Subsection 10-19-201 (1):
             75          (i) wind energy;
             76          (ii) solar photovoltaic and solar thermal energy;
             77          (iii) wave, tidal, and ocean thermal energy;
             78          (iv) except for combustion of wood that has been treated with chemical preservatives
             79      such as creosote, pentachlorophenol or chromated copper arsenate, biomass and biomass
             80      byproducts, including:
             81          (A) organic waste;
             82          (B) forest or rangeland woody debris from harvesting or thinning conducted to improve
             83      forest or rangeland ecological health and to reduce wildfire risk;
             84          (C) agricultural residues;
             85          (D) dedicated energy crops; and
             86          (E) landfill gas or biogas produced from organic matter, wastewater, anaerobic
             87      digesters, or municipal solid waste;
             88          (v) geothermal energy;
             89          (vi) hydro-electric energy; or


             90          (vii) waste gas and waste heat capture or recovery; and
             91          (c) the number of kilowatt-hours attributable to reductions in retail sales in that
             92      calendar year from activities or programs promoting electric energy efficiency or conservation
             93      or more efficient management of electric energy load.
             94          (2) "Amount of kilowatt-hours attributable to electricity generated or purchased in that
             95      calendar year from qualifying carbon sequestration generation," for qualifying carbon
             96      sequestration generation, means the kilowatt-hours supplied by a facility during the calendar
             97      year multiplied by the ratio of the amount of carbon dioxide captured from the facility and
             98      sequestered to the sum of the amount of carbon dioxide captured from the facility and
             99      sequestered plus the amount of carbon dioxide emitted from the facility during the same
             100      calendar year.
             101          (3) "Banked renewable energy certificate" means a bundled or unbundled renewable
             102      energy certificate that is:
             103          (a) not used in a calendar year to comply with this part or with a renewable energy
             104      program in another state; and
             105          (b) carried forward into a subsequent year.
             106          (4) "Bundled renewable energy certificate" means a renewable energy certificate for
             107      qualifying electricity that is acquired:
             108          (a) by a municipal electric utility by a trade, purchase, or other transfer of electricity
             109      that includes the renewable energy attributes of, or certificate that is issued for, the electricity;
             110      or
             111          (b) by a municipal electric utility by generating the electricity for which the renewable
             112      energy certificate is issued.
             113          (5) "Commission" means the Public Service Commission.
             114          (6) "Municipal electric utility" means any municipality that owns, operates, controls, or
             115      manages a facility that provides electric power for a retail customer, whether domestic,
             116      commercial, industrial, or otherwise.
             117          (7) "Qualifying carbon sequestration generation" means a fossil-fueled generating
             118      facility located within the geographic boundary of the Western Electricity Coordinating
             119      Council that:
             120          (a) becomes operational or is retrofitted on or after January 1, 2008; and


             121          (b) reduces carbon dioxide emissions into the atmosphere through permanent
             122      geological sequestration or through other verifiably permanent reductions in carbon dioxide
             123      emissions through the use of technology.
             124          (8) "Qualifying electricity" means electricity generated on or after January 1, 1995
             125      from a renewable energy source if:
             126          (a) (i) the renewable energy source is located within the geographic boundary of the
             127      Western Electricity Coordinating Council; or
             128          (ii) the qualifying electricity is delivered to the transmission system of a municipal
             129      electric utility or a delivery point designated by the municipal electric utility for the purpose of
             130      subsequent delivery to the municipal electric utility; and
             131          (b) the renewable energy attributes of the electricity are not traded, sold, transferred, or
             132      otherwise used to satisfy another state's renewable energy program.
             133          (9) "Qualifying zero carbon emissions generation":
             134          (a) means a generation facility located within the geographic boundary of the Western
             135      Electricity Coordinating Council that:
             136          (i) becomes operational on or after January 1, 2008; and
             137          (ii) does not produce carbon as a byproduct of the generation process;
             138          (b) includes generation powered by nuclear fuel; and
             139          (c) does not include renewable energy sources used to satisfy a target established under
             140      Section 10-19-201 .
             141          (10) "Renewable energy certificate" means a certificate issued in accordance with the
             142      requirements of Sections 10-19-202 and 54-17-603 .
             143          (11) "Renewable energy source" means:
             144          (a) an electric generation facility or generation capability or upgrade that becomes
             145      operational on or after January 1, 1995 that derives its energy from one or more of the
             146      following:
             147          (i) wind energy;
             148          (ii) solar photovoltaic and solar thermal energy;
             149          (iii) wave, tidal, and ocean thermal energy;
             150          (iv) except for combustion of wood that has been treated with chemical preservatives
             151      such as creosote, pentachlorophenol or chromated copper arsenate, biomass and biomass


             152      byproducts, including:
             153          (A) organic waste;
             154          (B) forest or rangeland woody debris from harvesting or thinning conducted to improve
             155      forest or rangeland ecological health and to reduce wildfire risk;
             156          (C) agricultural residues;
             157          (D) dedicated energy crops; and
             158          (E) landfill gas or biogas produced from organic matter, wastewater, anaerobic
             159      digesters, or municipal solid waste;
             160          (v) geothermal energy located outside the state;
             161          (vi) waste gas and waste heat capture or recovery; or
             162          (vii) efficiency upgrades to a hydroelectric facility, without regard to the date upon
             163      which the facility became operational, if the upgrades become operational on or after January
             164      1, 1995;
             165          (b) any of the following:
             166          (i) up to 50 average megawatts of electricity per year per municipal electric utility from
             167      a certified low-impact hydroelectric facility, without regard to the date upon which the facility
             168      becomes operational, if the facility is certified as a low-impact hydroelectric facility on or after
             169      January 1, 1995, by a national certification organization;
             170          (ii) geothermal energy if located within the state, without regard to the date upon which
             171      the facility becomes operational; and
             172          (iii) hydroelectric energy if located within the state, without regard to the date upon
             173      which the facility becomes operational;
             174          (c) hydrogen gas derived from any source of energy described in Subsection (11)(a) or
             175      (b);
             176          (d) if an electric generation facility employs multiple energy sources, that portion of the
             177      electricity generated that is attributable to energy sources described in Subsections (11)(a)
             178      through (c); and
             179          (e) any of the following located in the state and owned by a user of energy:
             180          (i) a demand side management measure, as defined by Subsection 54-7-12.8 (1) with
             181      the quantity of renewable energy certificates to which the user is entitled determined by the
             182      equivalent energy saved by the measure;


             183          (ii) a solar thermal system that reduces the consumption of fossil fuels, with the
             184      quantity of renewable energy certificates to which the user is entitled determined by the
             185      equivalent kilowatt-hours saved, except to the extent the commission determines otherwise
             186      with respect to net-metered energy;
             187          (iii) a solar photovoltaic system that reduces the consumption of fossil fuels with the
             188      quantity of renewable energy certificates to which the user is entitled determined by the total
             189      production of the system, except to the extent the commission determines otherwise with
             190      respect to net-metered energy;
             191          (iv) a hydroelectric or geothermal facility, with the quantity of renewable energy
             192      certificates to which the user is entitled determined by the total production of the facility,
             193      except to the extent the commission determines otherwise with respect to net-metered energy;
             194          (v) a waste gas or waste heat capture or recovery system other than from a combined
             195      cycle combustion turbine that does not use waste gas or waste heat, with the quantity of
             196      renewable energy certificates to which the user is entitled determined by the total production of
             197      the system, except to the extent the commission determines otherwise with respect to
             198      net-metered energy; and
             199          (vi) the station use of solar thermal energy, solar photovoltaic energy, hydroelectric
             200      energy, geothermal energy, waste gas, or waste heat capture and recovery.
             201          (12) "Unbundled renewable energy certificate" means a renewable energy certificate
             202      associated with:
             203          (a) qualifying electricity that is acquired by a municipal electric utility or other person
             204      by trade, purchase, or other transfer without acquiring the electricity for which the certificate
             205      was issued; or
             206          (b) activities listed in Subsection (11)(e).
             207          Section 3. Section 10-19-201 is enacted to read:
             208     
Part 2. Renewable Energy Provisions

             209          10-19-201. Target amount of qualifying electricity -- Renewable energy certificate
             210      -- Cost-effectiveness.
             211          (1) (a) To the extent that it is cost-effective to do so, beginning in 2025 the annual
             212      retail electric sales in this state of each municipal electric utility shall consist of qualifying
             213      electricity or renewable energy certificates in an amount equal to at least 20% of adjusted retail


             214      electric sales.
             215          (b) The amount under Subsection (1)(a) is computed based upon adjusted retail sales
             216      for the calendar year commencing 36 months before the first day of the year for which the
             217      target calculated under Subsection (1)(a) applies.
             218          (c) Notwithstanding Subsections (1)(a) and (b) an increase in the annual target from
             219      one year to the next is limited to the greater of:
             220          (i) 17,500 megawatt-hours; or
             221          (ii) 20% of the prior year's amount under Subsections (1)(a) and (b).
             222          (2) Cost-effectiveness under Subsection (1) is determined using any criteria applicable
             223      to the municipal electric utility's acquisition of a significant energy resource established by the
             224      municipality's legislative body.
             225          (3) This section does not require a municipal electric utility to:
             226          (a) substitute qualifying electricity for electricity from a generation source owned or
             227      contractually committed, or from a contractual commitment for a power purchase;
             228          (b) enter into any additional electric sales commitment or any other arrangement for the
             229      sale or other disposition of electricity that is not already, or would not be, entered into by the
             230      municipal electric utility; or
             231          (c) acquire qualifying electricity in excess of its adjusted retail electric sales.
             232          (4) A municipal electrical corporation may combine the following to meet Subsection
             233      (1):
             234          (a) qualifying electricity from a renewable energy source owned by the municipal
             235      electric utility;
             236          (b) qualifying electricity acquired by the municipal electric utility through trade, power
             237      purchase, or other transfer; and
             238          (c) a bundled or unbundled renewable energy certificate, including a banked renewable
             239      energy certificate.
             240          (5) To meet Subsection (1), a municipal electric utility may also count:
             241          (a) qualifying electricity generated or acquired or renewable energy certificates
             242      acquired for a program permitting the municipal electric utility's customers to voluntarily
             243      contribute to a renewable energy source; and
             244          (b) electricity allocated to this state that is produced by a hydroelectric facility


             245      becoming operational after December 31, 2007 if the hydroelectric facility is located in any
             246      state in which the municipal electric utility, or the interlocal entity with which the municipal
             247      electric utility has a contract, provides electric service.
             248          Section 4. Section 10-19-202 is enacted to read:
             249          10-19-202. Renewable energy certificate -- Use to satisfy other requirements.
             250          (1) A municipal electric utility may buy, sell, trade, or otherwise transfer a renewable
             251      energy certificate issued or recognized under Section 54-17-603 .
             252          (2) For the purpose of satisfying Subsection 10-19-201 (1) and the issuance of a
             253      renewable energy certificate under Section 54-17-603 :
             254          (a) a renewable energy source located in this state that derives its energy from solar
             255      photovoltaic and solar thermal energy shall be credited for 2.4 kilowatt-hours of qualifying
             256      electricity for each 1.0 kilowatt-hour generated; and
             257          (b) if two or more municipal electric utilities jointly own a renewable energy resource,
             258      each municipal electric utility shall be credited with 1.0 kilowatt-hour of qualifying electricity
             259      for 1.0 kilowatt-hour of the renewable energy resource allocated to the municipal electric utility
             260      by contract, unless the contract otherwise provides.
             261          (3) A renewable energy certificate:
             262          (a) may be used only once to satisfy Subsection 10-19-201 (1);
             263          (b) may be used to satisfy Subsection 10-19-201 (1) and the qualifying electricity on
             264      which the renewable energy certificate is based may be used to satisfy any federal renewable
             265      energy requirement; and
             266          (c) may not be used if it has been used to satisfy any other state's renewable energy
             267      requirement.
             268          Section 5. Section 10-19-301 is enacted to read:
             269     
Part 3. Administrative Provisions

             270          10-19-301. Plans and reports.
             271          (1) A municipal electric utility shall develop and maintain a plan for implementing
             272      Subsection 10-19-201 (1).
             273          (2) A progress report concerning a plan under Subsection (1) shall be filed with the
             274      municipality's legislative body by January 1 of each of the years 2010, 2015, 2020, and 2024.
             275          (3) The progress report under Subsection (2) shall contain:


             276          (a) the actual and projected amount of qualifying electricity through 2025;
             277          (b) the source of qualifying electricity;
             278          (c) an estimate of the cost of achieving the target;
             279          (d) a discussion of conditions impacting the renewable energy source and qualifying
             280      electricity markets; and
             281          (e) any recommendation for a suggested legislative or program change.
             282          (4) The plan and progress report required by Subsections (1) and (2) may include
             283      procedures that will be used by the municipal electric utility to identify and select any
             284      cost-effective renewable energy resource and qualifying electricity.
             285          (5) By July 1, 2026, the municipal electric utility shall file a final progress report
             286      demonstrating:
             287          (a) how Subsection 10-19-201 (1) is satisfied for the year 2025; or
             288          (b) the reason why Subsection 10-19-201 (1) is not satisfied for the year 2025, if it is
             289      not satisfied.
             290          (6) The plan and any progress report filed under this section shall be publicly available
             291      at the municipal legislative body's office.
             292          Section 6. Section 10-19-302 is enacted to read:
             293          10-19-302. Municipal authority -- Commission authority.
             294          (1) The municipal legislative body may adopt procedures necessary to implement this
             295      chapter.
             296          (2) Nothing in this chapter authorizes the commission to exercise any power over a
             297      municipal electric utility's electrical generation, demand-side management program, or other
             298      operation.
             299          Section 7. Section 54-17-201 is amended to read:
             300           54-17-201. Solicitation process required -- Exception.
             301          (1) (a) An affected electrical utility shall comply with this chapter to acquire or
             302      construct a significant energy resource after February 25, 2005.
             303          (b) Notwithstanding Subsection (1)(a), this chapter does not apply to a significant
             304      energy resource for which the affected electrical utility has issued a solicitation before February
             305      25, 2005.
             306          (2) (a) Except as provided in Subsection (3), to acquire or construct a significant


             307      energy resource, an affected electrical utility shall conduct a solicitation process that is
             308      approved by the commission.
             309          (b) To obtain the approval of the commission of a solicitation process, the affected
             310      electrical utility shall file with the commission a request for approval that includes:
             311          (i) a description of the solicitation process the affected electrical utility will use;
             312          (ii) a complete proposed solicitation; and
             313          (iii) any other information the commission requires by rule made in accordance with
             314      Title 63, Chapter 46a, Utah Administrative Rulemaking Act.
             315          (c) In ruling on the request for approval of a solicitation process, the commission shall
             316      determine whether the solicitation process:
             317          (i) complies with this chapter and rules made in accordance with Title 63, Chapter 46a,
             318      Utah Administrative Rulemaking Act; and
             319          (ii) is in the public interest taking into consideration:
             320          (A) whether it will most likely result in the acquisition, production, and delivery of
             321      electricity at the lowest reasonable cost to the retail customers of an affected electrical utility
             322      located in this state;
             323          (B) long-term and short-term impacts;
             324          (C) risk;
             325          (D) reliability;
             326          (E) financial impacts on the affected electrical utility; and
             327          (F) other factors determined by the commission to be relevant.
             328          (d) Before approving a solicitation process under this section the commission:
             329          (i) may hold a public hearing; and
             330          (ii) shall provide an opportunity for public comment.
             331          (e) As part of its review of a solicitation process, the commission may provide the
             332      affected electrical utility guidance on any additions or changes to its proposed solicitation
             333      process.
             334          (f) Unless the commission determines that additional time to analyze a solicitation
             335      process is warranted and is in the public interest, within [90] 60 days of the day on which the
             336      affected electrical utility files a request for approval of the solicitation process, the commission
             337      shall:


             338          (i) approve a proposed solicitation process;
             339          (ii) suggest modifications to a proposed solicitation process; or
             340          (iii) reject a proposed solicitation process.
             341          (3) Notwithstanding Subsection (2), an affected electrical utility may acquire or
             342      construct a significant energy resource without conducting a solicitation process if it obtains a
             343      waiver of the solicitation requirement in accordance with Section 54-17-501 .
             344          (4) In accordance with the commission's authority under Subsection 54-12-2 (2), the
             345      commission shall determine:
             346          (a) whether this chapter or another competitive bidding procedure shall apply to a
             347      purchase of a significant energy resource by an affected electrical utility from a small power
             348      producer or cogenerator; and
             349          (b) if this chapter applies as provided in Subsection (4)(a), the manner in which this
             350      chapter applies to a purchase of a significant energy resource by an affected electrical utility
             351      from a small power producer or cogenerator.
             352          Section 8. Section 54-17-302 is amended to read:
             353           54-17-302. Approval of a significant energy resource decision required.
             354          (1) If pursuant to Part 2, Solicitation Process, an affected electrical utility is required to
             355      conduct a solicitation for a significant energy resource or obtains a waiver of the requirement to
             356      conduct a solicitation under Section 54-17-501 , but does not obtain a waiver of the requirement
             357      to obtain approval of the significant energy resource decision under Section 54-17-501 , the
             358      affected electrical utility shall obtain approval of its significant energy resource decision:
             359          (a) after the completion of the solicitation process, if the affected electrical utility is
             360      required to conduct a solicitation; and
             361          (b) before an affected electrical utility may construct or enter into a binding agreement
             362      to acquire the significant energy resource.
             363          (2) (a) To obtain the approval required by Subsection (1), the affected electrical utility
             364      shall file a request for approval with the commission.
             365          (b) The request for approval required by this section shall include any information
             366      required by the commission by rule made in accordance with Title 63, Chapter 46a, Utah
             367      Administrative Rulemaking Act.
             368          (3) In ruling on a request for approval of a significant energy resource decision, the


             369      commission shall determine whether the significant energy resource decision:
             370          (a) is reached in compliance with this chapter and rules made in accordance with Title
             371      63, Chapter 46a, Utah Administrative Rulemaking Act;
             372          (b) (i) is reached in compliance with the solicitation process approved by the
             373      commission in accordance with Part 2, Solicitation Process; or
             374          (ii) is reached after the waiver of the solicitation process as provided in Subsection
             375      54-17-201 (3); and
             376          (c) is in the public interest, taking into consideration:
             377          (i) whether it will most likely result in the acquisition, production, and delivery of
             378      electricity at the lowest reasonable cost to the retail customers of an affected electrical utility
             379      located in this state;
             380          (ii) long-term and short-term impacts;
             381          (iii) risk;
             382          (iv) reliability;
             383          (v) financial impacts on the affected electrical utility; and
             384          (vi) other factors determined by the commission to be relevant.
             385          (4) The commission may not approve a significant energy resource decision under this
             386      section before holding a public hearing.
             387          (5) Unless the commission determines that additional time to analyze a significant
             388      energy resource decision is warranted and is in the public interest, within [180] 120 days of the
             389      day on which the affected electrical utility files a request for approval, the commission shall:
             390          (a) approve the significant energy resource decision;
             391          (b) approve the significant energy resource decision subject to conditions imposed by
             392      the commission; or
             393          (c) disapprove the significant energy resource decision.
             394          (6) The commission shall include in its order under this section:
             395          (a) findings as to the total projected costs for construction or acquisition of an
             396      approved significant energy resource; and
             397          (b) the basis upon which the findings described in Subsection (6)(a) are made.
             398          (7) Notwithstanding any other provision of this part, an affected electrical utility may
             399      acquire a significant energy resource without obtaining approval pursuant to this section if it


             400      obtains a waiver of the requirement for approval in accordance with Section 54-17-501 .
             401          (8) In accordance with Title 63, Chapter 46a, Utah Administrative Rulemaking Act, the
             402      commission shall make rules regarding the process for approval of a significant energy
             403      resource decision under this section.
             404          Section 9. Section 54-17-303 is amended to read:
             405           54-17-303. Cost recovery.
             406          (1) (a) Except as otherwise provided in this section, if the commission approves a
             407      significant energy resource decision under Section 54-17-302 , the commission shall, in a
             408      general rate case or other appropriate commission proceeding, include in the affected electrical
             409      utility's retail electric rates the state's share of costs:
             410          (i) relevant to the proceeding;
             411          (ii) incurred by the affected electrical utility in constructing or acquiring the approved
             412      significant energy resource; and
             413          (iii) up to the projected costs specified in the commission's order issued under Section
             414      54-17-302 .
             415          (b) (i) The commission shall, in a general rate case or other appropriate commission
             416      proceeding, include in the affected electrical utility's retail electric rates the state's share of the
             417      incremental cost relevant to the proceeding that were prudently incurred by the affected
             418      electrical utility to identify, evaluate, and submit a reasonable benchmark option, whether or
             419      not the benchmark option is selected or becomes operational.
             420          (ii) A recoverable cost under Subsection (1)(b)(i) shall be included in the affected
             421      electrical utility's project costs for the purpose of evaluating the project's cost-effectiveness.
             422          (iii) A recoverable cost under Subsection (1)(b)(i) may not be added to the cost or
             423      otherwise considered in the evaluation of a project proposed by any person other than the
             424      affected electrical utility for the purpose of evaluating that person's proposal.
             425          [(b)] (c) Except to the extent that the commission enters an order under Section
             426      54-17-304 , an increase from the projected costs specified in the commission's order issued
             427      under Section 54-17-302 shall be subject to review by the commission as part of a rate hearing
             428      under Section 54-7-12 .
             429          (2) (a) Subsequent to the commission issuing an order described in Subsection (2)(a)(i)
             430      or (ii), the commission may disallow some or all costs incurred in connection with an


             431      approved significant energy resource decision if the commission finds that an affected
             432      electrical utility's actions in implementing an approved significant energy resource decision are
             433      not prudent because of new information or changed circumstances that occur after:
             434          (i) the commission's approval of the significant energy resource decisions under
             435      Section 54-17-302 ; or
             436          (ii) a commission order to proceed under Section 54-17-304 .
             437          (b) In making a determination of prudence under Subsection (2)(a), the commission
             438      shall use the standards identified in Section 54-4-4 .
             439          (3) Notwithstanding any other provision of this chapter, the commission may disallow
             440      some or all of the costs incurred by an affected electrical utility in connection with an approved
             441      significant energy resource decision upon a finding by the commission that the affected
             442      electrical utility is responsible for a material misrepresentation or concealment in connection
             443      with an approval process under this chapter.
             444          Section 10. Section 54-17-502 is enacted to read:
             445          54-17-502. Renewable energy source -- Solicitation -- Consultant.
             446          (1) Sections 54-17-102 through 54-17-404 do not apply to a significant energy resource
             447      that is a renewable energy source as defined in Section 54-17-601 if the nameplate capacity of
             448      the renewable energy source does not exceed 300 megawatts or, if applicable, the quantity of
             449      capacity that is the subject of a contract for the purchase of electricity from a renewable energy
             450      source does not exceed 300 megawatts.
             451          (2) (a) (i) An affected electrical utility shall issue a public solicitation of bids for a
             452      renewable energy source up to 300 megawatts in size by January 31 of each year in which it
             453      reasonably anticipates that it will need to acquire or commence construction of a renewable
             454      energy resource.
             455          (ii) A solicitation for a renewable energy source issued by January 31, 2008 for up to
             456      99 megawatts satisfies the requirement of this Subsection (2) for the year 2008 if:
             457          (A) within 30 days after the day on which this section takes effect, the affected
             458      electrical utility amends the solicitation to seek bids for projects up to 300 megawatts in size;
             459      and
             460          (B) within 60 days after the day on which this section takes effect and as soon as
             461      practicable, the commission retains a consultant in accordance with Subsection (3).


             462          (b) A consultant hired under Subsection (2)(a)(ii)(B) shall perform the consultant's
             463      duties under Subsection (3) in relation to the status of the solicitation process at the time the
             464      consultant is retained and may not unreasonably delay the solicitation process.
             465          (c) For a solicitation issued after January 31, 2008:
             466          (i) the affected electrical utility shall develop a reasonable process for pre-approval of
             467      bidders; and
             468          (ii) in addition to publicly issuing the solicitation in Subsection (2)(a)(i), the affected
             469      electrical utility shall send copies of the solicitation to each potential bidder who is
             470      pre-approved.
             471          (d) The affected electrical utility shall evaluate in good faith each bid that is received
             472      and negotiate in good faith with each bidder whose bid appears to be cost effective, as defined
             473      in Section 54-17-602 .
             474          (e) Beginning on August 1, 2008, and on each August 1 thereafter, the affected
             475      electrical utility shall file a notice with the commission indicating whether it reasonably
             476      anticipates that it will need to acquire or commence construction of a renewable energy
             477      resource during the following year.
             478          (3) (a) If the commission receives a notice under Subsection (2)(e) that the affected
             479      electrical utility reasonably anticipates that it will need to acquire or commence construction of
             480      a renewable energy source during the following year, the commission shall promptly retain a
             481      consultant to:
             482          (i) validate that the affected electrical utility is following the bidder pre-approval
             483      process developed pursuant to Subsection (2)(c) and make recommendations for changes to the
             484      pre-approval process for future solicitations;
             485          (ii) monitor and document all material aspects of the bids, bid evaluations, and bid
             486      negotiations between the affected electrical utility and any bidders in the solicitation process;
             487          (iii) maintain adequate documentation of each bid, including the solicitation,
             488      evaluation, and negotiation processes and the reason for the conclusion of negotiations, which
             489      documentation shall be transmitted to the commission at the conclusion of all negotiations in
             490      the solicitation; and
             491          (iv) be available to testify under oath before the commission in any relevant proceeding
             492      concerning all aspects of the public solicitation process.


             493          (b) The commission and the consultant shall use all reasonable efforts to not delay the
             494      solicitation process.
             495          (4) Documentation provided to the commission by the consultant shall be available to
             496      the affected electrical utility, any bidder, or other interested person under terms and conditions
             497      and at times determined appropriate by the commission.
             498          (5) (a) The commission and the consultant shall execute a contract approved by the
             499      commission with terms and conditions approved by the commission.
             500          (b) Unless otherwise provided by contract, an invoice for the consultant's services shall
             501      be sent to the Division of Public Utilities for review and approval.
             502          (c) After approval under Subsection (5)(b), the invoice shall be forwarded to the
             503      affected electrical utility for payment to the consultant.
             504          (d) The affected electrical utility may, in a general rate case or other appropriate
             505      commission proceeding, include, and the Commission shall allow, recovery by the affected
             506      electrical utility of any amount paid by the affected electrical utility for the consultant.
             507          (6) (a) Nothing in this section precludes an affected electrical utility from constructing
             508      or acquiring any renewable energy source project outside the solicitation process provided for
             509      in this section, including purchasing electricity from any renewable energy source project that
             510      chooses to self-certify as a qualifying facility under the federal Public Utility Regulatory
             511      Policies Act of 1978.
             512          (b) An affected electrical utility that constructs a renewable energy source outside the
             513      solicitation process of this section or Section 54-17-201 shall file a notice with the commission
             514      at least 60 days before the date of commencement of construction, indicating the size and
             515      location of the renewable energy source.
             516          (c) The date of commencement of construction under Subsection (6)(b) is the date of
             517      any directive from an affected electrical utility to the person responsible for the construction of
             518      the renewable energy source authorizing or directing the person to proceed with construction.
             519          (d) For an affected electrical utility whose rates are regulated by the commission, the
             520      utility has the burden of proving in a rate case or other appropriate commission proceeding the
             521      prudence, reasonableness, and cost-effectiveness of construction under this Subsection (6),
             522      including the method used to evaluate the risks and value of any bid submitted in the
             523      solicitation under this section.


             524          (7) Nothing in this section requires an affected electrical utility to enter into any
             525      transaction that it reasonably believes is not cost effective or otherwise is not in the public
             526      interest.
             527          Section 11. Section 54-17-601 is enacted to read:
             528     
Part 6. Carbon Emission Reductions for Electrical Corporations

             529          54-17-601. Definitions.
             530          As used in this part:
             531          (1) "Adjusted retail electric sales" means the total kilowatt-hours of retail electric sales
             532      of an electrical corporation to customers in this state in a calendar year, reduced by:
             533          (a) the amount of those kilowatt-hours attributable to electricity generated or purchased
             534      in that calendar year from qualifying zero carbon emissions generation and qualifying carbon
             535      sequestration generation;
             536          (b) the amount of those kilowatt-hours attributable to electricity generated or purchased
             537      in that calendar year from generation located within the geographic boundary of the Western
             538      Electricity Coordinating Council that derives its energy from one or more of the following but
             539      that does not satisfy the definition of a renewable energy source or that otherwise has not been
             540      used to satisfy Subsection 54-17-602 (1):
             541          (i) wind energy;
             542          (ii) solar photovoltaic and solar thermal energy;
             543          (iii) wave, tidal, and ocean thermal energy;
             544          (iv) except for combustion of wood that has been treated with chemical preservatives
             545      such as creosote, pentachlorophenol or chromated copper arsenate, biomass and biomass
             546      byproducts, including:
             547          (A) organic waste;
             548          (B) forest or rangeland woody debris from harvesting or thinning conducted to improve
             549      forest or rangeland ecological health and to reduce wildfire risk;
             550          (C) agricultural residues;
             551          (D) dedicated energy crops; and
             552          (E) landfill gas or biogas produced from organic matter, wastewater, anaerobic
             553      digesters, or municipal solid waste;
             554          (v) geothermal energy;


             555          (vi) hydroelectric energy; or
             556          (vii) waste gas and waste heat capture or recovery; and
             557          (c) the number of kilowatt-hours attributable to reductions in retail sales in that
             558      calendar year from demand side management as defined in Section 54-7-12.8 , with the
             559      kilowatt-hours for an electrical corporation whose rates are regulated by the commission and
             560      adjusted by the commission to exclude kilowatt-hours for which a renewable energy certificate
             561      is issued under Subsection 54-17-603 (4)(b).
             562          (2) "Amount of kilowatt-hours attributable to electricity generated or purchased in that
             563      calendar year from qualifying carbon sequestration generation," for qualifying carbon
             564      sequestration generation, means the kilowatt-hours supplied by a facility during the calendar
             565      year multiplied by the ratio of the amount of carbon dioxide captured from the facility and
             566      sequestered to the sum of the amount of carbon dioxide captured from the facility and
             567      sequestered plus the amount of carbon dioxide emitted from the facility during the same
             568      calendar year.
             569          (3) "Banked renewable energy certificate" means a bundled or unbundled renewable
             570      energy certificate that is:
             571          (a) not used in a calendar year to comply with this part or with a renewable energy
             572      program in another state; and
             573          (b) carried forward into a subsequent year.
             574          (4) "Bundled renewable energy certificate" means a renewable energy certificate for
             575      qualifying electricity that is acquired:
             576          (a) by an electrical corporation by a trade, purchase, or other transfer of electricity that
             577      includes the renewable energy attributes of, or certificate that is issued for, the electricity; or
             578          (b) by an electrical corporation by generating the electricity for which the renewable
             579      energy certificate is issued.
             580          (5) "Electrical corporation":
             581          (a) is as defined in Section 54-2-1 ; and
             582          (b) does not include a person generating electricity that is not for sale to the public.
             583          (6) "Qualifying carbon sequestration generation" means a fossil-fueled generating
             584      facility located within the geographic boundary of the Western Electricity Coordinating
             585      Council that:


             586          (a) becomes operational or is retrofitted on or after January 1, 2008; and
             587          (b) reduces carbon dioxide emissions into the atmosphere through permanent
             588      geological sequestration or through another verifiably permanent reduction in carbon dioxide
             589      emissions through the use of technology.
             590          (7) "Qualifying electricity" means electricity generated on or after January 1, 1995
             591      from a renewable energy source if:
             592          (a) (i) the renewable energy source is located within the geographic boundary of the
             593      Western Electricity Coordinating Council; or
             594          (ii) the qualifying electricity is delivered to the transmission system of an electrical
             595      corporation or a delivery point designated by the electrical corporation for the purpose of
             596      subsequent delivery to the electrical corporation; and
             597          (b) the renewable energy attributes of the electricity are not traded, sold, transferred, or
             598      otherwise used to satisfy another state's renewable energy program.
             599          (8) "Qualifying zero carbon emissions generation":
             600          (a) means a generation facility located within the geographic boundary of the Western
             601      Electricity Coordinating Council that:
             602          (i) becomes operational on or after January 1, 2008; and
             603          (ii) does not produce carbon as a byproduct of the generation process;
             604          (b) includes generation powered by nuclear fuel; and
             605          (c) does not include renewable energy sources used to satisfy the requirement
             606      established under Subsection 54-17-602 (1).
             607          (9) "Renewable energy certificate" means a certificate issued under Section 54-17-603 .
             608          (10) "Renewable energy source" means:
             609          (a) an electric generation facility or generation capability or upgrade that becomes
             610      operational on or after January 1, 1995 that derives its energy from one or more of the
             611      following:
             612          (i) wind energy;
             613          (ii) solar photovoltaic and solar thermal energy;
             614          (iii) wave, tidal, and ocean thermal energy;
             615          (iv) except for combustion of wood that has been treated with chemical preservatives
             616      such as creosote, pentachlorophenol or chromated copper arsenate, biomass and biomass


             617      byproducts, including:
             618          (A) organic waste;
             619          (B) forest or rangeland woody debris from harvesting or thinning conducted to improve
             620      forest or rangeland ecological health and to reduce wildfire risk;
             621          (C) agricultural residues;
             622          (D) dedicated energy crops; and
             623          (E) landfill gas or biogas produced from organic matter, wastewater, anaerobic
             624      digesters, or municipal solid waste;
             625          (v) geothermal energy located outside the state;
             626          (vi) waste gas and waste heat capture or recovery; or
             627          (vii) efficiency upgrades to a hydroelectric facility, without regard to the date upon
             628      which the facility became operational, if the upgrades become operational on or after January
             629      1, 1995;
             630          (b) any of the following:
             631          (i) up to 50 average megawatts of electricity per year per electrical corporation from a
             632      certified low-impact hydroelectric facility, without regard to the date upon which the facility
             633      becomes operational, if the facility is certified as a low-impact hydroelectric facility on or after
             634      January 1, 1995, by a national certification organization;
             635          (ii) geothermal energy if located within the state, without regard to the date upon which
             636      the facility becomes operational; or
             637          (iii) hydroelectric energy if located within the state, without regard to the date upon
             638      which the facility becomes operational;
             639          (c) hydrogen gas derived from any source of energy described in Subsection (10)(a) or
             640      (b);
             641          (d) if an electric generation facility employs multiple energy sources, that portion of the
             642      electricity generated that is attributable to energy sources described in Subsections (10)(a)
             643      through (c); and
             644          (e) any of the following located in the state and owned by a user of energy:
             645          (i) a demand side management measure, as defined by Subsection 54-7-12.8 (1), with
             646      the quantity of renewable energy certificates to which the user is entitled determined by the
             647      equivalent energy saved by the measure;


             648          (ii) a solar thermal system that reduces the consumption of fossil fuels, with the
             649      quantity of renewable energy certificates to which the user is entitled determined by the
             650      equivalent kilowatt-hours saved, except to the extent the commission determines otherwise
             651      with respect to net-metered energy;
             652          (iii) a solar photovoltaic system that reduces the consumption of fossil fuels with the
             653      quantity of renewable energy certificates to which the user is entitled determined by the total
             654      production of the system, except to the extent the commission determines otherwise with
             655      respect to net-metered energy;
             656          (iv) a hydroelectric or geothermal facility with the quantity of renewable energy
             657      certificates to which the user is entitled determined by the total production of the facility,
             658      except to the extent the commission determines otherwise with respect to net-metered energy;
             659          (v) a waste gas or waste heat capture or recovery system, other than from a combined
             660      cycle combustion turbine that does not use waste gas or waste heat, with the quantity of
             661      renewable energy certificates to which the user is entitled determined by the total production of
             662      the system, except to the extent the commission determines otherwise with respect to
             663      net-metered energy; and
             664          (vi) the station use of solar thermal energy, solar photovoltaic energy, hydroelectric
             665      energy, geothermal energy, waste gas, or waste heat capture and recovery.
             666          (11) "Unbundled renewable energy certificate" means a renewable energy certificate
             667      associated with:
             668          (a) qualifying electricity that is acquired by an electrical corporation or other person by
             669      trade, purchase, or other transfer without acquiring the electricity for which the certificate was
             670      issued; or
             671          (b) activities listed in Subsection (10)(e).
             672          Section 12. Section 54-17-602 is enacted to read:
             673          54-17-602. Target amount of qualifying electricity -- Renewable energy certificate
             674      -- Cost-effectiveness -- Cooperatives.
             675          (1) (a) To the extent that it is cost effective to do so, beginning in 2025 the annual retail
             676      electric sales in this state of each electrical corporation shall consist of qualifying electricity or
             677      renewable energy certificates in an amount equal to at least 20% of adjusted retail electric
             678      sales.


             679          (b) The amount under Subsection (1)(a) is computed based upon adjusted retail electric
             680      sales for the calendar year commencing 36 months before the first day of the year for which the
             681      target calculated under Subsection (1)(a) applies.
             682          (c) Notwithstanding Subsections (1)(a) and (b), an increase in the annual target from
             683      one year to the next may not exceed the greater of:
             684          (i) 17,500 megawatt-hours; or
             685          (ii) 20% of the prior year's amount under Subsections (1)(a) and (b).
             686          (2) Cost-effectiveness under Subsection (1) is determined in comparison to other viable
             687      resource options using the criteria provided by Subsection 54-17-201 (2)(c)(ii).
             688          (3) This section does not require an electrical corporation to:
             689          (a) substitute qualifying electricity for electricity from a generation source owned or
             690      contractually committed, or from a contractual commitment for a power purchase;
             691          (b) enter into any additional electric sales commitment or any other arrangement for the
             692      sale or other disposition of electricity that is not already, or would not be, entered into by the
             693      electrical corporation; or
             694          (c) acquire qualifying electricity in excess of its adjusted retail electric sales.
             695          (4) For the purpose of Subsection (1), an electrical corporation may combine the
             696      following:
             697          (a) qualifying electricity from a renewable energy source owned by the electrical
             698      corporation;
             699          (b) qualifying electricity acquired by the electrical corporation through trade, power
             700      purchase, or other transfer; and
             701          (c) a bundled or unbundled renewable energy certificate, including a banked renewable
             702      energy certificate.
             703          (5) For an electrical corporation whose rates the commission regulates, the following
             704      rules concerning renewable energy certificates apply:
             705          (a) a banked renewable energy certificate with an older issuance date shall be used
             706      before any other banked renewable energy certificate issued at a later date is used; and
             707          (b) the total of all unbundled renewable energy certificates, including unbundled
             708      banked renewable energy certificates, may not exceed 20% of the amount of the annual target
             709      provided for in Subsection (1).


             710          (6) An electrical corporation that is a cooperative association may count towards
             711      Subsection (1) any of the following:
             712          (a) electric production allocated to this state from hydroelectric facilities becoming
             713      operational after December 31, 2007 if the facilities are located in any state in which the
             714      cooperative association, or a generation and transmission cooperative with which the
             715      cooperative association has a contract, provides electric service;
             716          (b) qualifying electricity generated or acquired or renewable energy certificates
             717      acquired for a program that permits a retail customer to voluntarily contribute to a renewable
             718      energy source; and
             719          (c) notwithstanding Subsection 54-17-601 (7), an unbundled renewable energy
             720      certificate purchased from a renewable energy source located outside the geographic boundary
             721      of the Western Electricity Coordinating Council if the electricity on which the unbundled
             722      renewable energy certificate is based would be considered qualifying electricity if the
             723      renewable energy source was located within the geographic boundary of the Western
             724      Electricity Coordinating Council.
             725          (7) The use of the renewable attributes associated with qualifying electricity to satisfy
             726      any federal renewable energy requirement does not preclude the electricity from being
             727      qualifying electricity for the purpose of this chapter.
             728          Section 13. Section 54-17-603 is enacted to read:
             729          54-17-603. Renewable energy certificate -- Issuance -- Use to satisfy other
             730      requirements.
             731          (1) The commission shall establish a process for issuance or recognition of a renewable
             732      energy certificate.
             733          (2) The commission process under Subsection (1) shall provide for the issuance,
             734      monitoring, accounting, transfer, and use of a renewable energy certificate, including in
             735      electronic form.
             736          (3) The commission may consult with another state or a federal agency and any
             737      regional system or trading program to fulfil Subsection (1).
             738          (4) A renewable energy certificate shall be issued for:
             739          (a) qualifying electricity generated on and after January 1, 1995; and
             740          (b) the activities of an energy user described in Subsections 10-19-102 (11)(e) and


             741      54-17-601 (10)(e) on and after January 1, 1995.
             742          (5) The person requesting a renewable energy certificate shall affirm that the renewable
             743      energy attributes of the electricity have not been traded, sold, transferred, or otherwise used to
             744      satisfy another state's renewable energy requirements.
             745          (6) (a) For the purpose of satisfying Subsection 54-17-602 (1) and the issuance of a
             746      renewable energy certificate under this section, a renewable energy source located in this state
             747      that derives its energy from solar photovoltaic or solar thermal energy shall be credited for 2.4
             748      kilowatt-hours of qualifying electricity for each 1.0 kilowatt-hour generated.
             749          (b) Notwithstanding Subsection (6)(a), the acquisition or construction by an electrical
             750      corporation of a renewable energy source that derives its energy from solar photovoltaic or
             751      solar thermal energy shall comply with the cost-effectiveness criteria of Subsection
             752      54-17-201 (2)(c)(ii).
             753          (7) A renewable energy certificate issued under this section:
             754          (a) does not expire; and
             755          (b) may be banked.
             756          (8) The commission may recognize a renewable energy certificate that is issued,
             757      monitored, accounted for, or transferred by or through another state or a regional system or
             758      trading program, including the Western Renewable Energy Generation Information System, if
             759      the renewable energy certificate is for qualifying electricity.
             760          (9) A renewable energy certificate:
             761          (a) may be used only once to satisfy Subsection 54-17-602 (1);
             762          (b) may be used for the purpose of Subsection 54-17-602 (1) and the qualifying
             763      electricity on which the renewable energy certificate is based may be used to satisfy any federal
             764      renewable energy requirement; and
             765          (c) may not be used if it has been used to satisfy any other state's renewable energy
             766      requirement.
             767          (10) The commission shall establish procedures and reasonable rates permitting an
             768      electrical corporation that is a purchasing utility under Section 54-12-2 to acquire or retain a
             769      renewable energy certificate associated with the purchase of power from an independent energy
             770      producer.
             771          Section 14. Section 54-17-604 is enacted to read:


             772          54-17-604. Plans and reports.
             773          (1) An electrical corporation shall develop and maintain a plan for implementing
             774      Subsection 54-17-602 (1), consistent with the cost-effectiveness criteria of Subsection
             775      54-17-201 (2)(c)(ii).
             776          (2) A progress report concerning a plan under Subsection (1) shall be filed with the
             777      commission by January 1 of each of the years 2010, 2015, 2020, and 2024.
             778          (3) The progress report under Subsection (2) shall contain:
             779          (a) the actual and projected amount of qualifying electricity through 2025;
             780          (b) the source of qualifying electricity;
             781          (c) an analysis of the cost-effectiveness of renewable energy sources;
             782          (d) a discussion of conditions impacting the renewable energy source and qualifying
             783      electricity markets;
             784          (e) any recommendation for a suggested legislative or program change; and
             785          (f) any other information requested by the commission or considered relevant by the
             786      electrical corporation.
             787          (4) The plan and progress report required by Subsections (1) and (2) may include
             788      procedures that will be used by the electrical corporation to identify and select any renewable
             789      energy resource and qualifying electricity that satisfy the criteria of Subsection
             790      54-17-201 (2)(c)(ii).
             791          (5) By July 1, 2026, each electrical corporation shall file a final progress report
             792      demonstrating:
             793          (a) how Subsection 54-17-602 (1) is satisfied for the year 2025; or
             794          (b) the reason why Subsection 54-17-602 (1) is not satisfied for the year 2025, if it is
             795      not satisfied.
             796          (6) By January 1 of each of the years 2011, 2016, 2021, and 2025, the Division of
             797      Public Utilities shall submit to the Legislature a report containing a summary of any progress
             798      report filed under Subsections (2) through (5).
             799          (7) The summary required by Subsection (6) shall include any recommendation for
             800      legislative changes.
             801          (8) (a) By July 1, 2027, the commission shall submit to the Legislature a report
             802      summarizing the final progress reports and recommending any legislative changes.


             803          (b) The 2027 summary may contain a recommendation to the Legislature concerning
             804      any action to be taken with respect to an electrical corporation that does not satisfy Subsection
             805      54-17-602 (1) for 2025.
             806          (c) The commission shall provide an opportunity for public comment and take
             807      evidence before recommending any action to be taken with respect to an electrical corporation
             808      that does not satisfy Subsection 54-17-602 (1) for 2025.
             809          (9) If a recommendation containing a penalty for failure to satisfy Subsection
             810      54-17-602 (1) is made under Subsection (8), the proposal shall require that any amount paid by
             811      an electrical corporation as a penalty be utilized to fund demand-side management for the retail
             812      customers of the electrical corporation paying the penalty.
             813          (10) A penalty may not be proposed under this section if an electrical corporation's
             814      failure to satisfy Subsection 54-17-602 (1) is due to:
             815          (a) a lack of cost-effective means to satisfy the requirement; or
             816          (b) force majeure.
             817          Section 15. Section 54-17-605 is enacted to read:
             818          54-17-605. Recovery of costs for renewable energy activities.
             819          (1) In accordance with other law, the commission shall include in the retail electric
             820      rates of an electrical corporation whose rates the commission regulates the state's share of any
             821      of the costs listed in Subsection (2) that are relevant to the proceeding in which the commission
             822      is considering the electrical corporation's rates:
             823          (a) if the costs are prudently incurred by the electrical corporation in connection with:
             824          (i) the acquisition of a renewable energy certificate;
             825          (ii) the acquisition of qualifying electricity for which a renewable energy certificate
             826      will be issued after the acquisition; and
             827          (iii) the acquisition, construction, and use of a renewable energy source; and
             828          (b) to the extent any qualifying electricity or renewable energy source under Subsection
             829      (1)(a) satisfies the cost-effectiveness criteria of Subsection 54-17-201 (2)(c)(ii).
             830          (2) The following are costs that may be recoverable under Subsection (1):
             831          (a) a cost of siting, acquisition of property rights, equipment, design, licensing,
             832      permitting, construction, owning, operating, or otherwise acquiring a renewable energy source
             833      and any associated asset, including transmission;


             834          (b) a cost to acquire qualifying electricity through trade, power purchase, or other
             835      transfer;
             836          (c) a cost to acquire a bundled or unbundled renewable energy certificate, if any net
             837      revenue from the sale of a renewable energy certificate allocable to this state is also included in
             838      rates;
             839          (d) a cost to interconnect a renewable energy source to the electrical corporation's
             840      transmission and distribution system;
             841          (e) a cost associated with using a physical or financial asset to integrate, firm, or shape
             842      a renewable energy source on a firm annual basis to meet a retail electricity need; and
             843          (f) any cost associated with transmission and delivery of qualifying electricity to a
             844      retail electricity consumer.
             845          (3) (a) The commission may allow an electrical corporation to use an adjustment
             846      mechanism or reasonable method other than a rate case under Sections 54-4-4 and 54-7-12 to
             847      allow recovery of costs identified in Subsection (2).
             848          (b) If the commission allows the use of an adjustment mechanism, both the costs and
             849      any associated benefit shall be reflected in the mechanism, to the extent practicable.
             850          (c) This Subsection (3) creates no presumption for or against the use of an adjustment
             851      mechanism.
             852          (4) (a) The commission may permit an electrical corporation to include in its retail
             853      electric rates the state's share of costs prudently incurred by the electrical corporation in
             854      connection with a renewable energy source, whether or not the renewable energy source
             855      ultimately becomes operational, including costs of:
             856          (i) siting;
             857          (ii) property acquisition;
             858          (iii) equipment;
             859          (iv) design;
             860          (v) licensing;
             861          (vi) permitting; and
             862          (vii) other reasonable items related to the renewable energy source.
             863          (b) Subsection (4)(a) creates no presumption concerning the prudence or recoverability
             864      of the costs identified.


             865          (c) To the extent deferral is consistent with other applicable law, the commission may
             866      allow an electrical corporation to defer costs recoverable under Subsection (4)(a) until the
             867      recovery of the deferred costs can be considered in a rate proceeding or an adjustment
             868      mechanism created under Subsection (3).
             869          (d) An application to defer costs shall be filed within 60 days after the day on which
             870      the electrical corporation determines that the renewable energy source project is impaired under
             871      generally accepted accounting principles and will not become operational.
             872          (e) Notwithstanding the opportunity to defer costs under Subsection (4)(c), a cost
             873      incurred by an electrical corporation for siting, property acquisition, equipment, design,
             874      licensing, and permitting of a renewable energy source that the electrical corporation proposes
             875      to construct shall be included in the electrical corporation's project costs for the purpose of
             876      evaluating the project's cost-effectiveness.
             877          (f) A deferred cost under Subsection (4)(a) may not be added to, or otherwise
             878      considered in the evaluation of, the cost of a project proposed by any person other than the
             879      electrical corporation for the purpose of evaluating that person's proposal.
             880          Section 16. Section 54-17-606 is enacted to read:
             881          54-17-606. Commission rules.
             882          The commission shall make rules as necessary to implement this part.
             883          Section 17. Section 54-17-607 is enacted to read:
             884          54-17-607. Procedure and appeals under this chapter.
             885          (1) The governing authority, as defined in Section 54-15-102 , has primary jurisdiction
             886      concerning issues of interpretation, implementation, and administration of this chapter.
             887          (2) An appeal of a commission order under this chapter is governed by Chapter 7,
             888      Hearings, Practice, and Procedure.
             889          Section 18. Section 54-17-701 is enacted to read:
             890     
Part 7. Carbon Sequestration

             891          54-17-701. Rules for carbon capture and geological storage.
             892          (1) By January 1, 2011, the Division of Water Quality and the Division of Air Quality,
             893      on behalf of the Board of Water Quality and the Board of Air Quality, respectively, in
             894      collaboration with the commission and the Division of Oil, Gas and Mining and the Utah
             895      Geological Survey, shall present recommended rules to the Legislature's Administrative Rules


             896      Review Committee for the following in connection with carbon capture and accompanying
             897      geological sequestration of captured carbon:
             898          (a) site characterization approval;
             899          (b) geomechanical, geochemical, and hydrogeological simulation;
             900          (c) risk assessment;
             901          (d) mitigation and remediation protocols;
             902          (e) issuance of permits for test, injection, and monitoring wells;
             903          (f) specifications for the drilling, construction, and maintenance of wells;
             904          (g) issues concerning ownership of subsurface rights and pore space;
             905          (h) allowed composition of injected matter;
             906          (i) testing, monitoring, measurement, and verification for the entirety of the carbon
             907      capture and geologic sequestration chain of operations, from the point of capture of the carbon
             908      dioxide to the sequestration site;
             909          (j) closure and decommissioning procedure;
             910          (k) short- and long-term liability and indemnification for sequestration sites;
             911          (l) conversion of enhanced oil recovery operations to carbon dioxide geological
             912      sequestration sites; and
             913          (m) other issues as identified.
             914          (2) The entities listed in Subsection (1) shall report to the Legislature's Administrative
             915      Rules Review Committee any proposals for additional statutory changes needed to implement
             916      rules contemplated under Subsection (1).
             917          (3) On or before July 1, 2009, the entities listed in Subsection (1) shall submit to the
             918      Legislature's Public Utilities and Technology and Natural Resources, Agriculture, and
             919      Environment Interim Committees a progress report on the development of the recommended
             920      rules required by this part.
             921          (4) The recommended rules developed under this section apply to the injection of
             922      carbon dioxide and other associated injectants in allowable types of geological formations for
             923      the purpose of reducing emissions to the atmosphere through long-term geological
             924      sequestration as required by law or undertaken voluntarily or for subsequent beneficial reuse.
             925          (5) The recommended rules developed under this section do not apply to the injection
             926      of fluids through the use of Class II injection wells as defined in 40 C.F.R. 144.69(b) for the


             927      purpose of enhanced hydrocarbon recovery.
             928          (6) Rules recommended under this section shall:
             929          (a) ensure that adequate health and safety standards are met;
             930          (b) minimize the risk of unacceptable leakage from the injection well and injection
             931      zone for carbon capture and geologic sequestration; and
             932          (c) provide adequate regulatory oversight and public information concerning carbon
             933      capture and geologic sequestration.
             934          Section 19. Effective date.
             935          If approved by two-thirds of all the members elected to each house, this bill takes effect
             936      upon approval by the governor, or the day following the constitutional time limit of Utah
             937      Constitution Article VII, Section 8, without the governor's signature, or in the case of a veto,
             938      the date of veto override.




Legislative Review Note
    as of 2-11-08 12:15 PM


Office of Legislative Research and General Counsel


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