810 R.I. Code R. 810-RICR-40-05-1.7

Current through December 3, 2024
Section 810-RICR-40-05-1.7 - Use of Energy and RECs Obtained Through Long-Term Contracts
A. Unless the Commission approves otherwise, all energy and capacity purchased by an Electric Distribution Company pursuant to R.I. Gen. Laws § 39-26.1 shall be immediately sold by the Electric Distribution Company into the wholesale spot market through arms-length transactions.
B. Unless the Commission approves otherwise, any attributes including NE-GIS certificates purchased by an Electric Distribution Company pursuant to R.I. Gen. Laws § 39-26.1 shall be sold through a competitive bidding process in a commercially reasonable manner.
C. Subject to Commission approval, and in accordance with its plan filed per § 1.4(C) of this Part, an Electric Distribution Company shall be permitted to do the following:
1. to use the energy, capacity and other attributes purchased for resale to customers; and/or
2. to use the NE-GIS certificates for purposes of meeting the obligations set forth in R.I. Gen. Laws § 39-26-1 et seq., provided, however, that the Commission finds that such sales would not have a detrimental impact on energy markets, on the market for NE-GIS certificates, and is otherwise in the interest of utility customers.

810 R.I. Code R. 810-RICR-40-05-1.7