§ 42-140.5-6 — § 42-140.5-6. Use of funds.

Rhode Island § 42-140.5-6

• Jurisdiction: Rhode Island
• Title 42: State Affairs and Government
• Ch. 42-140.5: Renewable Ready Program

Text

§ 42-140.5-6. Use of funds.

(a) Funds shall be used to cover the costs of connecting a renewable energy generation project to the electric distribution system on sites identified by the office and department and published on the list of eligible sites, and shall include, but not be limited to, the following activities:

(1) Installation of transformers and substations;

(2) Transmission facilitation;

(3) Grid flexibility; and

(4) Electrification planning for sites and facilities.

(b) Funds shall not be used to conduct any interconnection study or other preliminary work as may be required by the electric distribution company or the public utilities commission.

(c) Funds shall not be distributed to applicants, or an entity to whom the applicant must pay to make the interconnection, until the following criteria are met:

(1) The project site is listed on the list of eligible sites prepared by the office;

(2) The application is approved by the office;

(3) Certification is provided demonstrating that funds are available in the fund; and

(4) The applicant's project is approved by the public utilities commission, if such approval is required.

(d) Should an application be approved but funds are not disbursed within twelve (12) months from the application's approval by the office, then the approval may be considered void and funds allocated to the project shall be made available for other applications.

(e) Should a recipient of funds receive reimbursement under § 39-26.3-4.1 or as the result of a refund from the final accounting of costs, the amount so reimbursed shall be remitted to the infrastructure bank for deposit into the renewable ready fund.

Legislative History

P.L. 2024, ch. 314, § 1, effective June 25, 2024; P.L. 2024, ch. 315, § 1, effective June 25, 2024.