Plain English Breakdown
The bill status shows it was withdrawn and recommitted, meaning it has not yet passed both chambers despite earlier metadata suggesting final enrollment. The effective date is unknown.
HB402: Renewable Energy Goals for Electric Companies
This bill directs the Public Service Commission to set renewable energy goals for electric companies and authorizes the Georgia Environmental Finance Authority to help fund these projects.
What This Bill Does
- Establishes rules for how much electricity must come from renewable sources through the Public Service Commission.
- Allows existing or planned renewable energy resources to be included in utility planning documents called integrated resource plans.
- Authorizes the Georgia Environmental Finance Authority to provide money and perform duties for renewable energy projects.
- Provides limited liability protection related to these new energy activities.
- Updates legal definitions, rules, and regulations needed to manage this program.
Who It Names or Affects
- Electric service providers in Georgia
- The Public Service Commission
- The Georgia Environmental Finance Authority
Terms To Know
- Renewable energy portfolio standard goals
- Rules set by the Public Service Commission that require electric companies to get a certain amount of power from renewable sources.
- Integrated resource plans
- Documents where electric companies outline how they will meet future power needs, including new renewable energy resources.
Limits and Unknowns
- The bill was withdrawn from one committee and sent to another on February 13, 2025, so its final status is not yet complete.
- No specific dates for when these rules must start are listed in the provided text.
- Exact dollar amounts or percentages for renewable energy goals are not included in this summary.