H.R. 969 – Urge your Congressional Representative to Approve
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About H.R. 969:
Introduced February 8, 2007. Amends the Public Utility Regulatory Policies Act of 1978 to prescribe requirements for a Federal Renewable Portfolio Standard for calendar years 2010 through 2039.
Specifies a schedule of graduated annual percentages of a supplier’s base amount that shall be generated from renewable energy resources, from 1% in 2010 up to 20 % in 2020 and thereafter.
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Authorizes a retail electric supplier to satisfy such requirements through submission of renewable energy credits to the Secretary of Energy.
Provides for energy credit trading or borrowing among suppliers.
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Directs the Secretary to:
(1) encourage federally-owned utilities, municipally-owned utilities, and rural electric cooperatives that sell electric energy to electric consumers for purposes other than resale to participate in the renewable portfolio standard program; and
(2) establish by December 31, 2009, a state renewable energy account program.
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