in News Departments > Policy Watch
print the content item

Gov. Charlie Crist, R-Florida, has signed a bill directing Florida's Public Service Commission to adopt a renewable portfolio standard (RPS) that would require the state's utilities to supply renewable energy to customers directly by procuring or through renewable energy credits, provided that the use does not reduce the alternative minimum tax credit.

The new law would expand air quality, energy and land-use goals of the State Comprehensive Plan to include the development and siting of low-carbon-emitting electric power plants - including nuclear - the reduction of atmospheric carbon dioxide, and the promotion of the use and development of renewable energy resources.

The bill also removes the expiration date of the property tax exemption for real property on which a renewable energy resource device is installed and revises the options for calculating the amount of the exemption.

In addition, provisions relating to innovation incentive awards would be revised to include alternative and renewable energy projects.

In developing the RPS, the commission must consult the Department of Environmental Protection and the Florida Energy and Climate Commission. A draft rule for legislative consideration must be presented by Feb. 1, 2009.

SOURCE: Florida House of Representatives

Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.

Hybrid Energy Innovations 2015
Canwea_id1984
Renewable NRG_id1934