Maryland legislation · 2025 Regular Session
Maryland HB505: Renewable Energy Portfolio Standard - Renaming and Alterations
Status: Introduced, April 7, 2025
Renaming the "renewable energy portfolio standard" to be the "clean energy portfolio standard"; altering the minimum required percentage of energy that must be derived from clean energy sources in certain years under the clean energy portfolio standard; and applying the Act retroactively; etc.
What the bill says
An act concerning Empowering New Energy Resources and Green Initiatives Toward a Zero-Emission (ENERGIZE) Maryland Act Renewable Energy Portfolio Standard - Renaming and Alterations FOR the purpose of renaming the "renewable energy portfolio standard" to be the "clean energy portfolio standard"; altering the definition of "qualified offshore wind project" for purposes of the clean energy portfolio standard; altering the minimum required percentage of energy that must be derived from clean energy sources in certain years under the clean energy portfolio standard…
From the engrossed text, April 4, 2025:
AN ACT concerning Empowering New Energy Resources and Green Initiatives Toward a Zero-Emission (ENERGIZE) Maryland Act Renewable Energy Portfolio Standard - Renaming and Alterations FOR the purpose of renaming the "renewable energy portfolio standard" to be the "clean energy portfolio standard"; altering the definition of "qualified offshore wind project" for purposes of the clean energy portfolio standard; altering the minimum required percentage of energy that must be derived from clean energy sources in certain years under the clean energy portfolio standard; altering the contents of and approval criteria for an application for an offshore wind project; altering the compliance fee for a shortfall from certain Tier 1 renewable source requirements; establishing a process for the Public Service Commission to review and approve an application for a proposed nuclear energy generation project; requiring the Governor's Office of Small, Minority, and Women Business Affairs, in consultation with the Office of the Attorney General, to provide certain assistance to potential applicants and minority investors; requiring that approved applicants for a proposed nuclear energy generation project comply with the Minority Business Enterprise Program; requiring a certain nuclear energy generation project to sell certain energy, capacity, and ancillary services into certain markets and distribute the proceeds in a certain manner; prohibiting a certain debt, obligation, or liability from being considered a debt, obligation, or liability …