(STATEHOUSE) April 15, 2009 - Renewable energy standards might be coming soon to an electricity provider near you. The Indiana House of Representatives voted 92-3 to pass Senate Bill 420, co-sponsored by Rep. Randy Borror (R-Fort Wayne).
The bill develops a strategy for attracting renewable and alternative energy manufacturing and assembly facilities to Indiana and helps get that energy into Hoosier homes.
Senate Bill 420 allows an electricity supplier to recover costs for certain capital expenditures if they follow renewable energy standards. The supplier must provide renewable/alternative energy for customers to receive the incentive. The bill specifies types of renewable and alternative energy, including methane recycling, hydropower and energy from wind, solar power, clean coal technology and waste to energy facilities.
"The first bill Gov. Daniels signed into law in 2009 allowed the Indiana Finance Authority to contract for the sale of clean coal energy. Just this week, we broke ground on two wind energy plants," said Rep. Borror. "Clearly, clean energy initiatives are a top priority. These initiatives create jobs, invigorate our economy and reduce our dependence on foreign energy sources.
"However, producing clean energy means nothing if we don't have a way to get that energy on the existing grid so that it gets to homes. This bill makes that vital connection."
The bill does not require an electricity provider to comply with renewable energy standards if the cost would result in an unreasonable rate increase to customers.
"It's important to get this green energy to consumers, but we don't want to burden Hoosiers in the process, especially at a time when families are struggling to make ends meet," said Rep. Borror. "I think this bill forwards Indiana's clean energy goals without increasing rates to a level Hoosiers cannot accept."
The bill must return to the Senate for approval of amendments. If the changes are adopted, the bill heads to Gov. Mitch Daniels' desk to be signed into law.