(a)  Consistent with the purposes of this chapter, the public utility company that provides electric distribution as defined in § 39-1-2(a)(12), as well as natural gas as defined in § 39-1-2(a)(17), in consultation with the office of energy resources and the division of public utilities and carriers is authorized to voluntarily participate in state, multistate, or regional efforts to:

(1)  Procure domestic or international large- or small-scale hydroelectric power and eligible renewable energy resources, including wind, as defined by § 39-26-5(a), on behalf of electric ratepayers; provided, however, that large-scale hydroelectric power shall not be eligible under the renewable energy standard established by chapter 26 of this title;

(2)  Procure incremental, natural-gas-pipeline infrastructure and capacity into New England to help strengthen energy system reliability and facilitate the economic interests of the state and its ratepayers;

(3)  Support the development and filing of necessary tariffs and other appropriate cost-recovery mechanisms, as proposed by the office of energy resources or the division of public utilities and carriers, that allocate the costs of new, electric-transmission and natural-gas-pipeline infrastructure and capacity projects selected pursuant to the provisions of this chapter to ratepayers, such that costs are shared among participating states in an equitable manner; and

(4)  To the extent that the public utility company that provides electric distribution as defined in § 39-1-2(a)(12), as well as natural gas as defined in § 39-1-2(a)(17), pursues the objectives identified above, the public utility company shall utilize all appropriate, competitive processes, and maintain compliance with applicable federal and state siting laws.

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Terms Used In Rhode Island General Laws 39-31-5

  • commercially reasonable: means terms and pricing that are reasonably consistent with what an experienced power market analyst would expect to see in transactions involving regional energy resources and regional energy infrastructure. See Rhode Island General Laws 39-31-3
  • Company: means and includes a person, firm, partnership, corporation, quasi-municipal corporation, association, joint-stock association or company, and his, her, its, or their lessees, trustees, or receivers appointed by any court. See Rhode Island General Laws 39-1-2
  • Division: means the division of public utilities and carriers. See Rhode Island General Laws 39-1-2
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Natural gas: means the combustible, gaseous mixture of low-molecular-weight, paraffin hydrocarbons, generated below the surface of the earth, containing mostly methane and ethane with small amounts of propane, butane, and hydrocarbons, and sometimes nitrogen, carbon dioxide, hydrogen sulfide, and helium. See Rhode Island General Laws 39-1-2
  • Public utility: means and includes every company that is an electric distribution company and every company operating or doing business in intrastate commerce and in this state as a railroad, street railway, common carrier, gas, liquefied natural gas, water, telephone, telegraph, and pipeline company, and every company owning, leasing, maintaining, managing, or controlling any plant or equipment, or any part of any plant or equipment, within this state for manufacturing, producing, transmitting, distributing, delivering, or furnishing natural or manufactured gas, directly or indirectly, to or for the public, or any cars or equipment employed on, or in connection with, any railroad or street railway for public or general use within this state, or any pipes, mains, poles, wires, conduits, fixtures, through, over, across, under, or along any public highways, parkways, or streets, public lands, waters, or parks for the transmission, transportation, or distribution of gas for sale to the public for light, heat, cooling, or power for providing audio or visual telephonic or telegraphic communication service within this state, or any pond, lake, reservoir, stream, well, or distributing plant or system employed for the distribution of water to the consuming public within this state, including the water supply board of the city of Providence; provided, that, except as provided in § 39-16-9 and in P. See Rhode Island General Laws 39-1-2

(b)  Any procurement authorized under this section shall be commercially reasonable.

History of Section.
P.L. 2014, ch. 424, § 1; P.L. 2014, ch. 477, § 1; P.L. 2020, ch. 79, art. 1, § 24; P.L. 2022, ch. 372, § 1; P.L. 2022, ch. 373, § 1.