(a) 1. Each megawatt hour of an electric provider's total renewable 5
energy creates one renewable resource credit for the electric provider. Subject to 6subd. 2. subds. 2. and 3.
, an electric provider that exceeds its renewable energy 7
percentage required under sub. (2) (a) 2. may, in the applicable year, bank any excess 8
renewable resource credits or any portion of any excess renewable resource credit for 9
use in a subsequent year or sell any excess renewable resource credits or any portion 10
of any excess renewable resource credit to any other electric provider at any 11
negotiated price. An electric provider that creates or purchases a renewable resource 12
credit or portion may use the credit or portion, as provided under par. (c), to establish 13
compliance with sub. (2) (a) 2. The commission shall promulgate rules that establish
requirements for the creation and use of a renewable resource credit created on or 2
after January 1, 2004, including calculating the amount of a renewable resource 3
credit, and for the tracking of renewable resource credits by a regional renewable 4
resource credit tracking system. The rules shall specify the manner for aggregating 5
or allocating credits under this subdivision or sub. (2) (b) 4. or 5.”.
(a) 3. An electric provider may not bank an excess renewable 9
resource credit or portion of an excess renewable resource credit for use in a 10
subsequent year under subd. 1. that is created using heat as described in sub. (1) (h) 11
1. k. or heat that is a byproduct of a manufacturing process and is used to provide 12
thermal energy for another purpose.”.