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Committee reviews provisions for on-site power purchase agreements; no final action recorded
Summary
Senate Bill 763, addressing requirements for on-site power purchase agreements (PPAs) including term limits, pricing and on-site storage, was discussed at length. Committee laid the item over for further consideration; no final vote was recorded on the bill at this meeting.
The committee heard counsel’s explanation and extensive questioning on a committee substitute for Senate Bill 763, which would add criteria for on-site power purchase agreements (PPAs) that govern rooftop or on-site generation designed to serve a retail customer at the same property.
Counsel summarized the substitute: a PPA’s quoted price must be less than the local utility’s cost per kilowatt-hour at the start of the agreement and for each year of the…
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