| 1 | Representative Ausley offered the following: |
| 2 |
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| 3 | Amendment |
| 4 | Remove lines 2174-2190 and insert: |
| 5 | shall have rulemaking authority for providing annual cost |
| 6 | recovery and incentive-based adjustments to authorized rates of |
| 7 | return on common equity to providers to incentivize renewable |
| 8 | energy. Notwithstanding s. 366.91(3) and (4), upon the |
| 9 | ratification of the rules developed pursuant to this subsection, |
| 10 | each public utility must continuously offer a purchase contract |
| 11 | to producers of renewable energy. The commission shall approve |
| 12 | projects and power sales agreements with renewable power |
| 13 | producers and the sale of renewable energy credits needed to |
| 14 | comply with the renewable portfolio standard. In the event of |
| 15 | any conflict, this subparagraph shall supersede s. 366.91(3) and |
| 16 | (4). In order to minimize the impact on utility rates, the rule |
| 17 | shall also provide incentives for nonprovider owned renewable |
| 18 | facilities consistent with s. 366.92(1). |
| 19 | 2. Shall provide for appropriate compliance measures, |
| 20 | including an alternative compliance payment mechanism, in order |
| 21 | to ensure that compliance with the rule is not cost prohibitive. |