| Sec. 4928.65. An electric distribution utility or electric | 7 |
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services company may use renewable energy credits any time in the | 8 |
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five calendar years following the date of their purchase or | 9 |
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acquisition from any entity, including, but not limited to, a | 10 |
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mercantile customer or an owner or operator of a hydroelectric | 11 |
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generating facility that is located at a dam on a river, or on any | 12 |
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water discharged to a river, that is within or bordering this | 13 |
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state or within or bordering an adjoining state, for the purpose | 14 |
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of complying with the renewable energy and solar energy resource | 15 |
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requirements of division (B)(2) of section 4928.64 of the Revised | 16 |
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Code. The public utilities commission shall adopt rules specifying | 17 |
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that one unit of credit shall equal one megawatt hour of | 18 |
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electricity derived from renewable energy resources, except that, | 19 |
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for a generating facility of seventy-five megawatts or greater | 20 |
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that is situated within this state and has committed by December | 21 |
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31, 2009, to modify or retrofit its generating unit or units to | 22 |
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enable the facility to generate principally from biomass energy by | 23 |
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June 30, 2013, each megawatt hour of electricity generated | 24 |
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principally from that biomass energy shall equal, in units of | 25 |
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credit, the product obtained by multiplying the actual percentage | 26 |
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of biomass feedstock heat input used to generate such megawatt | 27 |
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hour by the quotient obtained by dividing the then existing unit | 28 |
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dollar amount used to determine a renewable energy compliance | 29 |
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payment as provided under division (C)(2)(b) of section 4928.64 of | 30 |
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the Revised Code by the then existing market value of one | 31 |
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renewable energy credit, but such megawatt hour shall not equal | 32 |
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less than one unit of credit.
Renewable energy resources do not | 33 |
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have to be converted to electricity for purposes of receiving | 34 |
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renewable energy credits. The rules shall specify the quantity of | 35 |
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energy derived from a renewable energy resource that is equal to | 36 |
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one megawatt hour of electricity, including that one megawatt hour | 37 |
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equals 3,412,142 British thermal units. The rules also shall | 38 |
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provide for this state a system of registering renewable energy | 39 |
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credits by specifying which of any generally available registries | 40 |
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shall be used for that purpose and not by creating a registry. | 41 |
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That selected system of registering renewable energy credits shall | 42 |
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allow a hydroelectric generating facility to be eligible for | 43 |
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obtaining renewable energy credits and shall allow customer-sited | 44 |
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projects or actions the broadest opportunities to be eligible for | 45 |
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obtaining renewable energy credits. | 46 |
