(1) Except as provided in subsection (2) of this section, an electric utility or electricity service supplier must comply with the renewable portfolio standard applicable to the utility or supplier in each calendar year by:
(a) Using bundled renewable energy certificates issued or acquired during the compliance year;
(b) Subject to the limitations described in ORS 469A.140 and 469A.145, using unbundled or banked renewable energy certificates; or
(c) Making alternative compliance payments as described in ORS 469A.180.
(2) Bundled or unbundled renewable energy certificates that are issued or acquired by an electric utility or electricity service supplier on or before March 31 in a calendar year may be used by the utility or supplier to comply with the renewable portfolio standard applicable to the utility or supplier for the preceding calendar year. [2007 c.301 §10]
Section: Previous 469A.020 469A.025 469A.050 469A.052 469A.055 469A.060 469A.065 469A.070 469A.075 469A.100 469A.120 469A.130 469A.135 469A.140 469A.145 NextLast modified: August 7, 2008