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<section article="gpu" article_name="Public Utilities" number="7-708" title_number="7" title_name="Gas, Electric, and Water Companies" subtitle_number="7" subtitle_name="Renewable Energy Portfolio Standard">
  <level label="a">
    <level label="1">
      <text>The Commission shall establish and maintain a market-based renewable electricity trading system to facilitate the creation and transfer of renewable energy credits.</text>
    </level>
    <level label="2">
      <text>To the extent practicable, the trading system shall be consistent with and operate in conjunction with the trading system developed by PJM Interconnection, Inc., if available.</text>
    </level>
    <level label="3">
      <text>The Commission may contract with a for-profit or a nonprofit entity to assist in the administration of the electricity trading system required under paragraph (1) of this subsection.</text>
    </level>
  </level>
  <level label="b">
    <level label="1">
      <text>The system shall include a registry of pertinent information regarding all:</text>
      <level label="i">
        <text>available renewable energy credits; and</text>
      </level>
      <level label="ii">
        <text>renewable energy credit transactions among electricity suppliers in the State, including:</text>
        <level label="1">
          <text>the creation and application of renewable energy credits;</text>
        </level>
        <level label="2">
          <text>the number of renewable energy credits sold or transferred; and</text>
        </level>
        <level label="3">
          <text>the price paid for the sale or transfer of renewable energy credits.</text>
        </level>
      </level>
    </level>
    <level label="2">
      <level label="i">
        <text>The registry shall provide current information to electricity suppliers and the public on the status of renewable energy credits created, sold, or transferred in the State.</text>
      </level>
      <level label="ii">
        <text>Registry information shall be available by computer network access through the Internet.</text>
      </level>
    </level>
  </level>
</section>
