,,ii  #aac? ,,congress  #a/ ,session    
,s4 #aeie  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,octob] #bi1 #bjac,mr4 
,udall ( ,new ,mexico 7= himself1 ,mr4  
,udall ( ,colorado1 & ,mr4 ,c>d97       
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on ,en]gy
 & ,natural ,res\rces  ,a ,,bill  ,to   
e/abli% a r5ewable electricity /&>d1 & =
 o!r purposes4  #a4 ,%ort title ,?is    
,act may be cit$ z ! ,r5ewable          
,electricity ,/&>d ,act ( #bjac4  #b4   
,r5ewable electricity /&>d  7a7 ,9 g5]al
 ,title ,,vi ( ! ,public ,utility       
,regulatory ,policies ,act ( #aigh 7#af 
,u4,s4,c4 #bfja et seq47 is am5d$ by    
add+ at ! end ! foll[+3  #faj4 ,r5ewable
 electricity /&>d  7a7 ,def9itions ,9   
?is section3 7#a7 ,base quantity (      
electricity  7,a7 ,9 g5]al ,! t]m base  
quantity ( electricity means ! total    
quantity ( electric en]gy sold by a     
retail electric suppli]1 express$ 9 t]ms
 ( kil[att h\rs1 to electric cu/om]s =  
purposes o!r ?an resale dur+ ! mo/ rec5t

 cal5d> ye> = :i* in=mation is          
available4  7,b7 ,exclusions ,! t]m base
 quantity ( electricity does n include--
 7i7 electric en]gy t is n increm5tal   
hydrop[] g5]at$ by a hydroelectric      
facility2 &  7ii7 electricity g5]at$    
?r\gh ! inc9]ation ( municipal solid    
wa/e4  7#b7 ,biomass  7,a7 ,9 g5]al ,!  
t]m biomass means-- 7i7 cellulosic      
7plant fib]7 organic mat]ials f a plant 
t is plant$ = ! purpose ( be+ us$ to    
produce en]gy2  7ii7 nonhaz>d\s plant or
 algal matt] t is d]iv$ f-- 7,i7 an     
agricultural crop1 crop byproduct1 or   
residue res\rce2 or  7,,ii7 wa/e1 su* z 
l&scape or "r-(-way trimm+s 7b n includ+
 municipal solid wa/e1 recyclable       
po/consum] wa/e pap]1 pa9t$1 treat$1 or 
pressuriz$ wood1 wood contam9at$ )      
pla/ic1 or metals72  7iii7 animal wa/e  
or animal byproducts2 &  7iv7 l&fill    
me?ane4  7,b7 ,national =e/ l& & c]ta9  
o!r public l& ,9 ! case ( organic       
mat]ial remov$ f ,national ,=e/ ,sy/em  
l& or f public l& adm9i/]$ by !         

,secret>y ( ! ,int]ior1 ! t]m biomass   
means only organic mat]ial f-- 7i7      
ecological =e/ re/oration2  7ii7        
precomm]cial ?9n+s2  7iii7 bru%2  7iv7  
mill residues2 or  7v7 sla%4  7,c7      
,exclusion ( c]ta9 ,f$]al l& ,not)/&+   
subp>agraph 7,b71 ! t]m biomass does n  
include mat]ial or matt] t w\ld o!rwise 
qualify z biomass if ! mat]ial or matt] 
is locat$ on ! foll[+ ,f$]al l&3 7i7    
,f$]al l& conta9+ old gr[? =e/ or late  
successional =e/ unless ! ,secret>y ( ! 
,int]ior or ! ,secret>y ( ,agriculture  
det]m9es t ! removal ( organic mat]ial f
 ! l&-- 7,i7 is appropriate = !         
applicable =e/ type2 &  7,,ii7 maximizes
 ! ret5tion (-- 7aa7 late-successional &
 l>ge & old gr[? trees2  7bb7           
late-successional & old gr[? =e/        
/ructure2 &  7cc7 late-successional &   
old gr[? =e/ composition4  7ii7 ,f$]al  
l& on :i* ! removal ( vegetation is     
prohibit$1 includ+ compon5ts ( !        
,national ,wild]ness ,pres]vation       
,sy/em4  7iii7 ,wild]ness /udy areas4   

7iv7 ,inv5tori$ roadless areas4  7v7    
,compon5ts ( ! ,national ,l&scape       
,cons]vation ,sy/em4  7vi7 ,national    
,monum5ts4  7#c7 ,exi/+ facility ,! t]m 
exi/+ facility means a facility = !     
g5]ation ( electric en]gy f a r5ewable  
en]gy res\rce t is n an eligible        
facility4  7#d7 ,increm5tal hydrop[] ,! 
t]m increm5tal hydrop[] means additional
 g5]ation t is a*iev$ f increas$        
effici5cy or additions ( capacity made  
on or aft]-- 7,a7 ! date ( enactm5t (   
?is section2 or  7,b7 ! effective date (
 an exi/+ applicable ,/ate r5ewable     
portfolio /&>d program at a             
hydroelectric facility t 0 plac$ 9      
s]vice be=e t date4  7#e7 ,indian l& ,! 
t]m ,indian l& means-- 7,a7 any l& )9 ! 
limits ( any ,indian res]vation1 pueblo1
 or ran*]ia2  7,b7 any l& n )9 ! limits 
( any ,indian res]vation1 pueblo1 or    
ran*]ia title to :i* on ! date (        
enactm5t ( ?is section 0 held by-- 7i7 !
 ,unit$ ,/ates = ! b5efit ( any ,indian 
tribe or individual2 or  7ii7 any       

,indian tribe or individual subject to  
re/riction by ! ,unit$ ,/ates aga9/     
ali5ation2  7,c7 any dep5d5t ,indian    
community2 or  7,d7 any l& convey$ to   
any ,alaska ,native corporation "u !    
,alaska ,native ,claims ,settlem5t ,act 
7#dc ,u4,s4,c4 #afja et seq474  7#f7    
,indian tribe ,! t]m ,indian tribe means
 any ,indian tribe1 b&1 nation1 or o!r  
organiz$ gr\p or community1 includ+ any 
,alaskan ,native village or regional or 
village corporation z def9$ 9 or        
e/abli%$ pursuant to ! ,alaska ,native  
,claims ,settlem5t ,act 7#dc ,u4,s4,c4  
#afja et seq471 t is recogniz$ z        
eligible = ! special programs & s]vices 
provid$ by ! ,unit$ ,/ates to ,indians  
because ( _! /atus z ,indians4  7#g7    
,r5ewable en]gy ,! t]m r5ewable en]gy   
means electric en]gy g5]at$ by a        
r5ewable en]gy res\rce4  7#h7 ,r5ewable 
en]gy res\rce ,! t]m r5ewable en]gy     
res\rce means sol>1 w9d1 ocean1 tidal1  
geo!rmal en]gy1 biomass1 l&fill gas1    
increm5tal hydrop[]1 or hydrok9etic     

en]gy4  7#i7 ,rep[]+ or c(ir+ increm5t  
,! t]m rep[]+ or c(ir+ increm5t means-- 
7,a7 ! additional g5]ation f a          
modification t is plac$ 9 s]vice on or  
aft] ! date ( enactm5t ( ?is section1 to
 exp& electricity production at a       
facility us$ to g5]ate electric en]gy f 
a r5ewable en]gy res\rce2  7,b7 !       
additional g5]ation above ! av]age      
g5]ation dur+ ! #c-ye> p]iod end+ on !  
date ( enactm5t ( ?is section at a      
facility us$ to g5]ate electric en]gy f 
a r5ewable en]gy res\rce or to c(ire    
biomass t 0 plac$ 9 s]vice be=e ! date (
 enactm5t ( ?is section2 or  7,c7 !     
portion ( ! electric g5]ation f a       
facility plac$ 9 s]vice on or aft] !    
date ( enactm5t ( ?is section1 or a     
modification to a facility plac$ 9      
s]vice be=e ! date ( enactm5t ( ?is     
section made on or aft] ,janu>y #a1     
#bjja1 associat$ ) c(ir+ biomass4  7#aj7
 ,retail electric suppli]  7,a7 ,9 g5]al
 ,! t]m retail electric suppli] means a 
p]son t sells electric en]gy to electric

 consum]s t sold n less ?an #a1jjj1jjj  
megawatt h\rs ( electric en]gy to       
electric consum]s = purposes o!r ?an    
resale dur+ ! prec$+ cal5d> ye>4  7,b7  
,inclusion ,! t]m retail electric       
suppli] includes a p]son t sells        
electric en]gy to electric consum]s t1 9
 comb9ation ) ! sales ( any affiliate   
organiz$ aft] ! date ( enactm5t ( ?is   
section1 sells n less ?an #a1jjj1jjj    
megawatt h\rs ( electric en]gy to       
consum]s = purposes o!r ?an resale4     
7,c7 ,sales to p>5t companies or        
affiliates ,= purposes ( ?is p>agraph1  
sales by any p]son to a p>5t company or 
to o!r affiliates ( ! p]son %all n be   
treat$ z sales to electric consum]s4    
7,d7 ,gov]nm5tal ag5cies  7i7 ,9 g5]al  
,except z provid$ 9 clause 7ii71 ! t]m  
retail electric suppli] does n include--
 7,i7 ! ,unit$ ,/ates1 a ,/ate1 any     
political subdivision ( a ,/ate1 or any 
ag5cy1 au?ority1 or in/rum5tality ( !   
,unit$ ,/ates1 ,/ate1 or political      
subdivision2 or  7,,ii7 a rural electric

 coop]ative4  7ii7 ,inclusion ,! t]m    
retail electric suppli] includes an     
entity t is a political subdivision (  a
 ,/ate1 or an ag5cy1 au?ority1 or       
in/rum5tality ( ! ,unit$ ,/ates1 a      
,/ate1 a political subdivision ( a      
,/ate1 a rural electric coop]ative t    
sells electric en]gy to electric        
consum]s1 or any o!r entity t sells     
electric en]gy to electric consum]s t   
w\ld n o!rwise qualify z a retail       
electric suppli] if ! entity notifies ! 
,secret>y t ! entity volunt>ily agrees  
to p>ticipate 9 ! ,f$]al r5ewable       
electricity /&>d program4  7b7          
,compliance ,= cal5d> ye> #bjad & ea*   
cal5d> ye> !reaft]1 ea* retail electric 
suppli] %all meet ! requirem5ts (       
subsection 7c7 by submitt+ to !         
,secret>y1 n lat] ?an ,april #a ( !     
foll[+ cal5d> ye>1 "o or m ( ! foll[+3  
7#a7 ,f$]al r5ewable en]gy cr$its issu$ 
"u subsection 7e74  7#b7 ,c]tification (
 ! r5ewable en]gy g5]at$ & electricity  
sav+s pursuant to ! funds associat$ )   

,/ate compliance paym5ts z specifi$ 9   
subsection 7e77#d77;,g74  7#c7          
,alt]native compliance paym5ts pursuant 
to subsection 7h74  7c7 ,requir$ annual 
p]c5tage ,= ea* ( cal5d> ye>s #bjad     
?r\gh #bjci1 ! requir$ annual p]c5tage (
 ! base quantity ( electricity ( a      
retail electric suppli] t %all be g5]at$
 f r5ewable en]gy res\rces1 or o!rwise  
cr$it$ t[>ds ! p]c5tage requirem5t      
pursuant to subsection 7d71 %all be !   
applicable p]c5tage specifi$ 9 ! foll[+ 
table3 ,requir$ ,amount,calendar        
,years,percentage#bjadf4jbjaeh4ebjafaa4j
bjagaa4jbjahad4jbjaiad4jbjbjag4ebjbaag4e
bjbbba4jbjbcba4jbjbdbc4jbjbe & !reaft]  
?r\gh #bjcibe4j4  7d7 ,r5ewable en]gy   
cr$its  7#a7 ,9 g5]al ,a retail electric
 suppli] may satisfy ! requirem5ts (    
subsection 7b77#a7 ?r\gh ! submission ( 
,f$]al r5ewable en]gy cr$its-- 7,a7     
issu$ to ! retail electric suppli] "u   
subsection 7e72  7,b7 obta9$ by pur*ase 
or ex*ange "u subsection 7f72 or  7,c7  
borr[$ "u subsection 7g74  7#b7 ,f$]al  

r5ewable en]gy cr$its ,a ,f$]al r5ewable
 en]gy cr$it may be c\nt$ t[>d          
compliance ) subsection 7b77#a7 only    
once4  7e7 ,issuance ( ,f$]al r5ewable  
en]gy cr$its  7#a7 ,9 g5]al ,n lat] ?an 
#a ye> aft] ! date ( enactm5t ( ?is     
section1 ! ,secret>y %all e/abli% by    
rule a program-- 7,a7 to v]ify & issue  
,f$]al r5ewable en]gy cr$its to g5]ators
 ( r5ewable en]gy2  7,b7 to track !     
sale1 ex*ange1 & retirem5t ( ! cr$its2 &
  7,c7 to en=ce ! requirem5ts ( ?is     
section4  7#b7 ,exi/+ non-,f$]al track+ 
sy/ems ,to ! maximum ext5t practicable1 
9 e/abli%+ ! program1 ! ,secret>y %all  
rely on exi/+ & em]g+ ,/ate or regional 
track+ sy/ems t issue & track non-,f$]al
 r5ewable en]gy cr$its4  7#c7           
,application  7,a7 ,9 g5]al ,an entity t
 g5]ates electric en]gy ?r\gh ! use ( a 
r5ewable en]gy res\rce may apply to !   
,secret>y = ! issuance ( r5ewable en]gy 
cr$its4  7,b7 ,eligibility ,to be       
eligible = ! issuance ( ! cr$its1 !     
applicant %all demon/rate to ! ,secret>y

 t-- 7i7 ! electric en]gy w be          
transmitt$ onto ! grid2 or  7ii7 9 !    
case ( a g5]ation (fset1 ! electric     
en]gy (fset w\ld h o!rwise be5 consum$  
onsite4  7,c7 ,cont5ts ,! application   
%all indicate-- 7i7 ! type ( r5ewable   
en]gy res\rce t is us$ to produce !     
electricity2  7ii7 ! location at :i* !  
electric en]gy w be produc$2 &  7iii7   
any o!r in=mation ! ,secret>y det]m9es  
appropriate4  7#d7 ,quantity ( ,f$]al   
r5ewable en]gy cr$its  7,a7 ,9 g5]al    
,except z o!rwise provid$ 9 ?is         
p>agraph1 ! ,secret>y %all issue to a   
g5]ator ( electric en]gy #a ,f$]al      
r5ewable en]gy cr$it = ea* kil[att h\r (
 electric en]gy g5]at$ by ! use ( a     
r5ewable en]gy res\rce at an eligible   
facility4  7,b7 ,increm5tal hydrop[]    
7i7 ,9 g5]al ,= purpose ( compliance )  
?is section1 ,f$]al r5ewable en]gy      
cr$its = increm5tal hydrop[] %all be    
bas$ on ! increase 9 av]age annual      
g5]ation result+ f ! effici5cy          
improvem5ts or capacity additions4  7ii7

 ,wat] fl[ in=mation ,! increm5tal      
g5]ation %all be calculat$ us+ ! same   
wat] fl[ in=mation t is-- 7,i7 us$ to   
det]m9e a hi/oric av]age annual g5]ation
 basel9e = ! hydroelectric facility2 &  
7,,ii7 c]tifi$ by ! ,secret>y or !      
,f$]al ,en]gy ,regulatory ,commission4  
7iii7 ,op]ational *anges ,! calculation 
( ! ,f$]al r5ewable en]gy cr$its =      
increm5tal hydrop[] %all n be bas$ on   
any op]ational *anges at ! hydroelectric
 facility t is n directly associat$ ) ! 
effici5cy improvem5ts or capacity       
additions4  7,c7 ,indian l&  7i7 ,9     
g5]al ,! ,secret>y %all issue #b        
r5ewable en]gy cr$its = ea* kil[att h\r 
( electric en]gy g5]at$ & suppli$ to !  
grid 9 a cal5d> ye> ?r\gh ! use ( a     
r5ewable en]gy res\rce at an eligible   
facility locat$ on ,indian l&4  7ii7    
,biomass ,= purposes ( ?is p>agraph1    
r5ewable en]gy g5]at$ by biomass c(ir$ )
 o!r fuels is eligible = #b cr$its only 
if ! biomass 0 gr[n on ! l&4  7,d7      
,on-site eligible facilities  7i7 ,9    

g5]al ,9 ! case ( electric en]gy g5]at$ 
by a r5ewable en]gy res\rce at an       
on-site eligible facility t is n l>g]   
?an #a megawatt 9 capacity & is us$ to  
(fset all or "p ( ! requirem5ts ( a     
cu/om] = electric en]gy1 ! ,secret>y    
%all issue #c r5ewable en]gy cr$its to !
 cu/om] = ea* kil[att h\r g5]at$4  7ii7 
,indian l& ,9 ! case ( an on-site       
eligible facility on ,indian l&1 !      
,secret>y %all issue n m ?an #c cr$its  
p] kil[att h\r4  7,e7 ,comb9ation (     
r5ewable & nonr5ewable en]gy res\rces   
,if bo? a r5ewable en]gy res\rce & a    
nonr5ewable en]gy res\rce are us$ to    
g5]ate ! electric en]gy1 ! ,secret>y    
%all issue ! ,f$]al r5ewable en]gy      
cr$its bas$ on ! proportion ( ! r5ewable
 en]gy res\rces us$4  7,f7 ,retail      
electric suppli]s ,if a g5]ator has sold
 electric en]gy g5]at$ ?r\gh ! use ( a  
r5ewable en]gy res\rce to a retail      
electric suppli] "u a contract = p[] f  
an exi/+ facility & ! contract has n    
det]m9$ own]%ip ( ! ,f$]al r5ewable     

en]gy cr$its associat$ ) ! g5]ation1 !  
,secret>y %all issue ! ,f$]al r5ewable  
en]gy cr$its to ! retail electric       
suppli] = ! duration ( ! contract4  7,g7
 ,compliance ) ,/ate r5ewable portfolio 
/&>d programs ,paym5ts made by a retail 
electricity suppli]1 directly or        
indirectly1 to a ,/ate = compliance ) a 
,/ate r5ewable portfolio /&>d program1  
or = an alt]native compliance me*anism1 
%all be valu$ at #a cr$it p] kil[att h\r
 = ! purpose ( subsection 7b77#b7 bas$  
on ! quantity ( electric en]gy g5]ation 
f r5ewable res\rces t results f !       
paym5ts4  7f7 ,r5ewable en]gy cr$it     
trad+  7#a7 ,9 g5]al ,a ,f$]al r5ewable 
en]gy cr$it may be sold1 transf]r$1 or  
ex*ang$ by ! entity to :om ! cr$it is   
issu$ or by any o!r entity t acquires ! 
,f$]al r5ewable en]gy cr$it1 o!r ?an    
r5ewable en]gy cr$its f exi/+           
facilities4  7#b7 ,c>ryov] ,a ,f$]al    
r5ewable en]gy cr$it = any ye> t is n   
submitt$ to satisfy ! m9imum r5ewable   
g5]ation requirem5t ( subsection 7c7 = t

 ye> may be c>ri$ =w>d = use pursuant to
 subsection 7b77#a7 )9 ! next #c ye>s4  
7#c7 ,delegation ,! ,secret>y may       
delegate to an appropriate m>ket-mak+   
entity ! adm9i/ration ( a national      
tradeable r5ewable en]gy cr$it m>ket =  
purposes ( creat+ a transp>5t national  
m>ket = ! sale or trade ( r5ewable en]gy
 cr$its4  7g7 ,r5ewable en]gy cr$it     
borr[+  7#a7 ,9 g5]al ,n lat] ?an       
,decemb] #ca1 #bjad1 a retail electric  
suppli] t has reason to believe ! retail
 electric suppli] w n be able to fully  
comply ) subsection 7b7 may-- 7,a7      
submit a plan to ! ,secret>y demon/rat+ 
t ! retail electric suppli] w e>n       
suffici5t ,f$]al r5ewable en]gy cr$its  
)9 ! next #c cal5d> ye>s t1 :5 tak5 into
 acc\nt1 w enable ! retail electric     
suppli] to meet ! requirem5ts (         
subsection 7b7 = cal5d> ye> #bjad & !   
subsequ5t cal5d> ye>s involv$2 &  7,b7  
on ! approval ( ! plan by ! ,secret>y1  
apply ,f$]al r5ewable en]gy cr$its t !  
plan demon/rates w be e>n$ )9 ! next #c 

cal5d> ye>s to meet ! requirem5ts (     
subsection 7b7 = ea* cal5d> ye> involv$4
  7#b7 ,repaym5t ,! retail electric     
suppli] %all repay all ( ! borr[$ ,f$]al
 r5ewable en]gy cr$its by submitt+ an   
equival5t numb] ( ,f$]al r5ewable en]gy 
cr$its1 9 addition to ! cr$its o!rwise  
requir$ "u subsection 7b71 by cal5d> ye>
 #bjbb or any e>li] deadl9es specifi$ 9 
! approv$ plan4  7h7 ,alt]native        
compliance paym5ts ,z a means (         
compliance "u subsection 7b77#d71 !     
,secret>y %all accept paym5t equal to ! 
less] (-- 7#a7 #bjj p]c5t ( ! av]age    
m>ket value ( ,f$]al r5ewable en]gy     
cr$its & ,f$]al en]gy effici5cy cr$its =
 ! applicable compliance p]iod2 or  7#b7
 #c c5ts p] kil[att h\r 7z adju/$ on    
,janu>y #a ( ea* ye> foll[+ cal5d> ye>  
#bjjf bas$ on ! implicit price deflator 
= ! gross national product74  7i7       
,in=mation collection ,! ,secret>y may  
collect ! in=mation necess>y to v]ify & 
audit-- 7#a7 7,a7 ! annual r5ewable     
en]gy g5]ation ( any retail electric    

suppli]2 &  7,b7 ,f$]al r5ewable en]gy  
cr$its submitt$ by a retail electric    
suppli] pursuant to subsection 7b77#a72 
7#b7 ! validity ( ,f$]al r5ewable en]gy 
cr$its submitt$ = compliance by a retail
 electric suppli] to ! ,secret>y2 &     
7#c7 ! quantity ( electricity sales (   
all retail electric suppli]s4  7j7      
,environm5tal sav+s clause ,increm5tal  
hydrop[] %all be subject to all         
applicable environm5tal laws & lic5s+ & 
regulatory requirem5ts4  7k7 ,/ate      
programs  7#a7 ,9 g5]al ,no?+ 9 ?is     
section dim9i%es any au?ority ( a ,/ate 
or political subdivision ( a ,/ate--    
7,a7 to adopt or en=ce any law 7includ+ 
regulations7 respect+ r5ewable en]gy1   
includ+ programs t exce$ ! requir$      
quantity ( r5ewable en]gy "u ?is        
section2 or  7,b7 to regulate !         
acquisition & disposition ( ,f$]al      
r5ewable en]gy cr$its by retail electric
 suppli]s4  7#b7 ,compliance ) section  
,no law or regulation ref]r$ to 9       
p>agraph 7#a77;,a7 %all relieve any     

p]son ( any requirem5t o!rwise          
applicable "u ?is section4  7#c7        
,coord9ation ) ,/ate program ,!         
,secret>y1 9 consultation ) ,/ates t h 9
 effect r5ewable en]gy programs1 %all-- 
7,a7 pres]ve ! integrity ( ! ,/ate      
programs1 includ+ programs t exce$ !    
requir$ quantity ( r5ewable en]gy "u ?is
 section2 &  7,b7 facilitate coord9ation
 betwe5 ! ,f$]al program & ,/ate        
programs4  7#d7 ,exi/+ r5ewable en]gy   
programs ,9 ! regulations e/abli%+ !    
program "u ?is section1 ! ,secret>y %all
 incorporate common elem5ts ( exi/+     
r5ewable en]gy programs1 includ+ ,/ate  
programs1 to ensure adm9i/rative ease1  
m>ket transp>5cy & effective en=cem5t4  
7#e7 ,m9imization ( adm9i/rative burd5s 
& co/s ,9 c>ry+ out ?is section1 !      
,secret>y %all "w ) ! ,/ates to m9imize 
adm9i/rative burd5s & co/s to retail    
electric suppli]s4  7l7 ,recov]y ( co/s 
,an electric utility t has sales (      
electric en]gy t are subject to rate    
regulation 7includ+ any utility ) rates 

t are regulat$ by ! ,commission & any   
,/ate regulat$ electric utility7 %all n 
be d5i$ ! opportunity to recov] ! full  
am\nt ( ! prud5tly incurr$ increm5tal   
co/ ( r5ewable en]gy obta9$ to comply ) 
! requirem5ts ( subsection 7b74  7m7    
,program review  7#a7 ,9 g5]al ,!       
,secret>y %all ent] into an arrangem5t )
 ! ,national ,academy ( ,sci5ces "u :i* 
! ,academy %all conduct a compreh5sive  
evaluation ( all aspects ( ! program    
e/abli%$ "u ?is section4  7#b7          
,evaluation ,! /udy %all include an     
evaluation (-- 7,a7 ! effectiv5ess ( !  
program 9 increas+ ! m>ket p5etration & 
l[]+ ! co/ ( ! eligible r5ewable en]gy  
te*nologies2  7,b7 ! opportunities = any
 additional te*nologies & s\rces (      
r5ewable en]gy em]g+ s9ce ! date (      
enactm5t ( ?is section2  7,c7 ! impact  
on ! regional div]sity & reliability (  
supply s\rces1 includ+ ! p[] quality    
b5efits ( di/ribut$ g5]ation2  7,d7 !   
regional res\rce developm5t relative to 
r5ewable pot5tial & reasons = any       

inve/m5t 9 r5ewable res\rces2 &  7,e7 ! 
net co/_/b5efit ( ! r5ewable electricity
 /&>d to ! national & ,/ate economies1  
includ+-- 7i7 retail p[] co/s2  7ii7 !  
economic developm5t b5efits ( inve/m5t2 
7iii7 avoid$ co/s relat$ to environm5tal
 & conge/ion mitigation inve/m5ts t w\ld
 o!rwise h be5 requir$2  7iv7 ! impact  
on natural gas dem& & price2 &  7v7 !   
effectiv5ess ( gre5 m>ket+ programs at  
r$uc+ ! co/ ( r5ewable res\rces4  7#c7  
,report ,n lat] ?an ,janu>y #a1 #bjah1 !
 ,secret>y %all transmit to ,congress a 
report describ+ ! results ( ! evaluation
 & any recomm5dations = modifications & 
improvem5ts to ! program4  7n7 ,/ate    
r5ewable en]gy acc\nt  7#a7 ,9 g5]al    
,!re is e/abli%$ 9 ! ,treasury a ,/ate  
r5ewable en]gy acc\nt4  7#b7 ,deposits  
,all money collect$ by ! ,secret>y f !  
alt]native compliance paym5ts "u        
subsection 7h7 %all be deposit$ into !  
,/ate r5ewable en]gy acc\nt e/abli%$ "u 
p>agraph 7#a74  7#c7 ,grants  7,a7 ,9   
g5]al ,proce$s deposit$ 9 ! ,/ate       

r5ewable en]gy acc\nt %all be us$ by !  
,secret>y1 subject to annual            
appropriations1 = a program to provide  
grants-- 7i7 to ! ,/ate ag5cy           
responsible = adm9i/]+ a fund to promote
 r5ewable en]gy g5]ation = cu/om]s ( !  
,/ate or an alt]native ag5cy designat$  
by ! ,/ate2 or  7ii7 if no ag5cy        
describ$ 9 clause 7i71 to ! ,/ate ag5cy 
develop+ ,/ate en]gy cons]vation plans  
"u section #cfb ( ! ,en]gy ,policy &    
,cons]vation ,act 7#db ,u4,s4,c4 #fcbb74
  7,b7 ,use ,! grants %all be us$ = !   
purpose (-- 7i7 promot+ r5ewable en]gy  
production2 &  7ii7 provid+ en]gy       
assi/ance & wea!rization s]vices to     
l[-income consum]s4  7,c7 ,crit]ia ,!   
,secret>y may issue guidel9es & crit]ia 
= grants aw>d$ "u ?is p>agraph4  7,d7   
,/ate-approv$ fund+ me*anisms ,at lea/  
#ge p]c5t ( ! funds provid$ to ea* ,/ate
 = ea* fiscal ye> %all be us$ to promote
 r5ewable en]gy production ?r\gh grants1
 production inc5tives1 or o!r           
,/ate-approv$ fund+ me*anisms4  7,e7    

,allocation ,! funds %all be allocat$ to
 ! ,/ates on ! basis ( retail electric  
sales subject to ! r5ewable electricity 
/&>d "u ?is section or ?r\gh volunt>y   
p>ticipation4  7,f7 ,records ,/ate      
ag5cies receiv+ grants "u ?is p>agraph  
%all ma9ta9 su* records & evid5ce (     
compliance z ! ,secret>y may require4  4
  7b7 ,table ( cont5ts am5dm5t ,! table 
( cont5ts ( ! ,public ,utility          
,regulatory ,policies ,act ( #aigh 7#af 
,u4,s4,c4 prec4 #bfja7 is am5d$ by add+ 
at ! end ( ! items relat+ to title ,,vi 
! foll[+3  ,sec4 #fji4 ,rural & remote  
communities electrification grants4,sec4
 #faj4 ,r5ewable electricity /&>d4  4