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

IOWA Economic Development id2073

Trachte_id2056
Latest Top Stories

Deepwater Hits Financial Close For Block Island Wind Farm; Expects Summer Construction

The Providence, R.I.-based offshore wind developer becomes the first to financially close on a U.S.-based offshore wind project.


More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.


Getting A Grip On Grinding Gearboxes: Why Such Events Need Not Be Showstoppers

Despite advances in gearbox reliability - namely, from condition monitoring systems and greater design standardization - challenges remain.

Hybrid Energy Innovations 2015