H3567 — An Act relative to energy generation payments

Summary

An Act relative to energy generation payments

Bill Text

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The bill amends existing law to require distribution companies to provide specific payment terms and conditions for customer credits and to establish regulatory guidelines for these payments.

• Chapter 164, Section 139

  (3) A distribution company shall provide payment to a customer for a credit under Section 139(a)(1) of this Chapter provided that such credit has been carried forward for six months or more. For the purpose of determining the age of a credit, a distribution company shall apply any applicable costs against the most recent credit issued by the distribution company. A distribution company customer eligible for payment under this section may opt to defer payment.

  This adds a requirement for distribution companies to pay customers for credits carried forward for six months or more and allows customers to defer payment.

• Chapter 164, Section 139

  (4) A distribution company shall provide payment to a customer for any outstanding credit under Section 139(a)(1) of this Chapter within 30 days of the customer closing the account with the distribution company.

  This requires distribution companies to pay customers any outstanding credits within 30 days after account closure.

• Chapter 164, Section 139

  (5) Payments received by a distribution company customer pursuant to Section 139(a)(3) and Section 139(a)(4) of this Chapter shall not be considered to be a credit, rebate, environmental attribute, renewable energy credit, or other payment or offset that may be construed to be attributable to a renewable energy system.

  This clarifies that certain payments related to credits will not be treated as renewable energy-related offsets or benefits.

• The department shall promulgate regulations pursuant to this subsection including, but not limited to, a schedule for payments at least once annually; method of payment including the option for a distribution company customer to receive an electronic transfer of funds; notice to a distribution company customer of payment eligibility; and process for deferral of payments.

  This establishes the requirement for the department to create regulations governing the payment process for customers.

Sponsors

• Aaron L. Saunders · Primary

Subjects