Sens. DeLuca Reps. Valihura Reps.
144th GENERAL ASSEMBLY
SENATE BILL NO. 328
AN ACT TO AMEND TITLE 26 OF THE
Section 1. Amend § 356, Title 26 of the Delaware Code, by inserting as new "§ 356(c)" the following:
A Commission regulated electric company shall receive 350% credit toward
meeting the Renewable Energy Portfolio Standards established pursuant to this
subchapter for energy derived from off-shore wind energy installations sited
off the Delaware coast on or before
(1) To be entitled to 350% credit, contracts for energy and renewable energy credits from such off-shore wind energy installations must be executed by Commission regulated electric companies prior to commencement of construction of such installations.
(2) Commission regulated electric companies shall be entitled to such multiple credits for the life of contracts for renewable energy credits from off-shore wind installations executed pursuant to this subsection.”
Section 2. Amend Title 26 of the Delaware Code, by adding the following new section 364:
“§ 364. Special provisions for customers of Public Service Commission regulated electric companies.
All costs arising out of contracts entered into by a Commission regulated electric company pursuant to § 1007(d) of this Title shall be distributed among the entire Delaware customer base of such companies through an adjustable non-bypassable charge which shall be established by the Commission. Such costs shall be recovered if incurred as a result of such contracts unless, after Commission review, any such costs are determined by the Commission to have been incurred in bad faith, are the product of waste or out of an abuse of discretion, or in violation of law.”
This bill promotes the establishment of clean offshore
wind energy off the coast of Delaware, while minimizing the cost concerns
related to offshore wind installations and encouraging