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Committee discusses on-site power purchase agreement restrictions, lays bill over for further review
Summary
Committee members reviewed a committee substitute for Senate Bill 763 that would impose criteria on on-site power purchase agreements and laid the measure over for further review.
Committee members reviewed a committee substitute for Senate Bill 763 that would impose criteria on on-site power purchase agreements (PPAs) and laid the measure over for consideration at a later meeting.
The substitute applies to PPAs governing on-site devices designed to meet the electric needs of a retail customer on the property where the device is located (for example, rooftop solar). Under the substitute a PPA may not exceed five years in duration (though it may be renewed), must contractually guarantee a total cost…
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