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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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PUBLIC UTILITIES |
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DIVISION I. PUBLIC SERVICES AND UTILITIES |
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TITLE 7. GAS, ELECTRIC, AND WATER COMPANIES |
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SUBTITLE 7. RENEWABLE ENERGY PORTFOLIO STANDARD |
§ 7-702. Intent and findings
Latest version.
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(a) Intent. -- It is the intent of the General Assembly to:
(1) recognize the economic, environmental, fuel diversity, and security benefits of renewable energy resources;
(2) establish a market for electricity from these resources in Maryland; and
(3) lower the cost to consumers of electricity produced from these resources.
(b) Findings. -- The General Assembly finds that:
(1) the benefits of electricity from renewable energy resources, including long-term decreased emissions, a healthier environment, increased energy security, and decreased reliance on and vulnerability from imported energy sources, accrue to the public at large; and
(2) electricity suppliers and consumers share an obligation to develop a minimum level of these resources in the electricity supply portfolio of the State.