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Bill would let Missouri River hydroelectric output qualify as renewable energy credits
Summary
The House Finance and Taxation Committee in Bismarck heard testimony on House Bill 1211, a proposal to remove a 2007 in‑service restriction so hydroelectric generation from Missouri River dams can generate tradable renewable energy credits.
The House Finance and Taxation Committee resumed hearings in Bismarck on House Bill 1211, introduced by Rep. Dave Munson, to allow hydroelectric generation from Missouri River facilities to qualify for renewable energy credits statewide.
Rep. Dave Munson said he is sponsoring the bill on behalf of municipal electric utilities that use hydroelectric generation and that the change would help municipal utilities better monetize and share any renewable energy credits (RECs) they receive.
Why it matters: The bill removes language that limited REC eligibility to hydroelectric facilities that came into service on or after Jan. 1, 2007. Supporters said the change would make RECs from older hydro facilities fungible in regional markets and allow municipal utilities to optimize revenue or compliance…
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