TITLE 4: ECONOMIC RESOURCES
DIVISION 8: UTILITIES
§ 8524. 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.