Chapter 05. Maryland Strategic Energy Investment Fund
Regulation .01 General Provisions.LinkCopy Citation
A.
The Administration shall administer the Fund.
B.
Eligibility Criteria for Projects Supported by the Fund.
(1)
Except under §B(3) of this regulation, a project supported by the Fund shall be designed to support the creation of new Tier 1 renewable energy sources in Maryland. For purposes of this section, support may include grants for workforce development programs authorized under Labor and Employment Article, §11-708.1(c)(1), Annotated Code of Maryland.
(2)
Additional project evaluation criteria may include the following:
(a)
Technical feasibility of the project;
(b)
Technical capabilities and experience of the developer;
(c)
Financial capabilities of the developer;
(d)
Environmental impacts resulting from the construction and operation of the project;
(e)
Socioeconomic impacts associated with the construction and operation of the project;
(f)
Fuel diversity added to the portfolio of projects supported by the Fund as a whole;
(g)
Economic feasibility of the project;
(h)
Economic benefits to Maryland;
(i)
Job training and workforce development opportunities associated with the project; and
(j)
Other evaluation criteria as may be appropriate.
(3)
Monies in the Fund derived from compliance fees collected from a shortfall in meeting the required Tier 1 solar renewable energy portfolio standard under Public Utilities Article, §7-705, Annotated Code of Maryland, shall only be designated to support the creation of Level 1 and Level 2 solar renewable energy facilities.
Regulation .02 Annual Report to the Commission.LinkCopy Citation
A.
The Administration shall file a report with the Commission no later than December 15 of each year, beginning December 15, 2007.
B.
The report shall detail the following as of December 1 of that year:
(1)
Number and types of RPS projects funded;
(2)
Amount of funding provided for each RPS project;
(3)
Description and status of each RPS project funded;
(4)
RECs generated from RPS projects funded;
(5)
Uncommitted balance of the Fund related to RPS; and
(6)
Identification of loans in default related to RPS.
C.
The report shall detail the following for the immediately preceding year:
(1)
Total compliance fees paid into the Fund under Public Utilities Article, §7-705, Annotated Code of Maryland;
(2)
All monies credited to the Fund from a source other than described in §C(1) of this regulation;
(3)
Payments received in repayment of loans and investment earnings of the Fund that relate to RPS; and
(4)
Administrative fees and expenses that relate to RPS.
Chapter annotations
Authority: Public Utilities Article, §§2-121, 5-101, and 7-701—7-713, Annotated Code of Maryland
History: Effective date: January 1, 2007 (33:26 Md. R. 1999)
History: Regulation .01 amended effective September 20, 2010 (37:19 Md. R. 1285)
History: Regulation .01B amended effective July 10, 2023 (50:13 Md. R. 514)
History: Regulation .01B, C amended as an emergency provision effective April 1, 2008 (35:9 Md. R. 895); amended permanently effective May 5, 2008 (35:9 Md. R. 899)
History: Regulation .02B, C amended effective September 20, 2010 (37:19 Md. R. 1285)