Senate Bill 0224
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DIGEST OF SB224 (Updated January 29, 2008 7:03 pm - DI 84)
Various utility matters. Amends the definition of "clean coal technology" in various statutes. Defines the term as a technology used at an electric or steam generating facility to reduce or avoid specified airborne emissions that are regulated, or found by the utility regulatory commission (IURC) to be reasonably certain to be regulated, by the federal government, the state, or a political subdivision of the state. Allows an existing electric generating facility to petition the IURC for approval of an airborne emissions project. Requires the IURC to: (1) approve the project if the IURC finds, after notice and hearing, the project to be reasonable and necessary; and (2) provide certain financial incentives for the project. Requires the IURC to provide certain financial incentives to electricity suppliers for implementing electric line facilities projects. Requires certain electricity suppliers to supply specified percentages of their total electricity supply from advanced energy resources or renewable energy resources by specified dates. Establishes the advanced and renewable energy resources fund. Requires an electricity supplier that fails to supply electricity from advanced or renewable energy resources to pay a penalty. Provides that the penalties are deposited in the fund.
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