Current through 2024-51, December 18, 2024
Section 407-325-7 - RENEWABLE ENERGY CREDIT MULTIPLIERA.Value. For purposes of Maine's portfolio requirements of Title 35-A, section 3210, subsections 3 and 3-A, the value of renewable energy credits associated with the generation from a community-based renewable energy project located in the ISO-NE area or the energy of a community-based renewable energy project located in the NMISA area is 150% of the amount of the generated electricity.B.Commission Notification. A program participant must notify the Commission that it has elected the renewable energy credit multiplier. A program participant located in the ISO-NE area must notify the Commission that it has made arrangements to obtain renewable energy credits from the NEPOOL Generation Information System. A program participant must notify the Commission of the in-service date of the community-based renewable energy project or if the project ceases or substantially reduces operation for a six month period after the initial in-service date. A community-based renewable energy project that ceases operation for a six-month period will not be considered as obtaining the renewable energy credit multiplier incentive under this section.65- 407 C.M.R. ch. 325, § 7