Miller bill would require fossil fuel plant developers to invest in renewable energy

STATE HOUSE – Sen. Joshua Miller has introduced legislation to help Rhode Island reach its renewable energy goals by requiring developers of new fossil fuel-burning power plants to also invest in renewable energy.

The legislation (2018-S 2508) would require any applicant to the Energy Facilities Siting Board who seeks to build a power plant that uses fossil fuel as its primary or secondary fuel to also build or invest in renewable energy generation in Rhode Island. The cost of construction or investment must be equal to at least 20 percent of the cost of the fossil fuel facility. Alternatively, the developer could pay an amount equal to at least 25 percent of the fossil fuel facility’s cost to the state’s Renewable Energy Development Fund.