HB 448 (BR 1852) - J. Gooch Jr.

     AN ACT relating to reliable energy portfolio standards.
     Create new sections of KRS Chapter 278 to declare the intent of the Act to be to maintain reliable electricity generation; define "reliable energy" to mean electricity generated from a source that is always available on site or is delivered in advance and stored on site with the retail electric supplier and define other terms; require retail electricity suppliers to incrementally increase the percentage of reliable energy that they provide to consumers from 70% in 2020, to 72.5% in 2023, and to 75% in 2026; specify what type of generation may be attributable to compliance with the reliability requirements of the Act; beginning on January 1, 2019, require each retail electric supplier to file a biennial implementation plan with the Public Service Commission; beginning on January 1, 2021, require each retail electric supplier to submit an annual report with the Public Service Commission; require the Public Service Commission to promulgate administrative regulations regarding the form, submission, and information to be contained in the report; beginning September 1, 2026, require the Public Service Commission to submit a report every five years to the Legislative Research Commission that includes the information gathered from the reports it received from the retail electric suppliers.