10-19-202. Renewable energy certificate -- Use to satisfy other requirements.
(1) A municipal electric utility may buy, sell, trade, or otherwise transfer a renewable energy certificate issued or recognized under Section. 54-17-603
(2) For the purpose of satisfying Subsectionand the issuance of a renewable energy certificate under Section: 10-19-201(1) 54-17-603 a clean energy source located in this state that derives its energy from solar photovoltaic and solar thermal energy shall be credited for 2.4 kilowatt-hours of qualifying electricity for each 1.0 kilowatt-hour generated; and if two or more municipal electric utilities jointly own a renewable energy resource, each municipal electric utility shall be credited with 1.0 kilowatt-hour of qualifying electricity for 1.0 kilowatt-hour of the renewable energy resource allocated to the municipal electric utility by contract, unless the contract otherwise provides.
(3) A renewable energy certificate: may be used only once to satisfy Subsection; 10-19-201(1) may be used to satisfy Subsectionand the qualifying electricity on which the renewable energy certificate is based may be used to satisfy any federal renewable energy requirement; and 10-19-201(1) may not be used if it has been used to satisfy any other state's renewable energy requirement.