Waivers, Extensions and Incentives

Waivers, Extensions and Incentives. (a) An electric utility company not meeting the renewable portfolio standard shall report to the regulator in writing within 30 days following the goal date established in 4 CMC § 8522 and provide a detailed explanation for not meeting the renewable portfolio standard. (b) The regulator, after public notice and an evidentiary hearing, may: (1) Grant a waiver from the renewable portfolio standard; (2) Grant an extension for meeting the prescribed standard; (3) Levy a civil fine of up to $10,000 per day for failure to meet the standard; (4) Provide incentives to encourage electric utility companies to exceed their renewable portfolio standards or to meet their renewable portfolio standards ahead of time, or both. Source: PL 15-23, § 2(8624); amended by PL 15-87 § 2(8624), modified. Commission Comment: The Commission changed capitalization and changed references to agree with renumbered sections pursuant to 1 CMC § 3806.