[§269-94  Waivers, extensions, andincentives.]  Any electric utility company not meeting the renewableportfolio standard shall report to the public utilities commission withinninety days following the goal dates established in section [269-92], and providean explanation for not meeting the renewable portfolio standard.  The publicutilities commission shall have the option to either grant a waiver from therenewable portfolio standard or an extension for meeting the prescribedstandard.

The public utilities commission may provideincentives to encourage electric utility companies to exceed their renewableportfolio standards or to meet their renewable portfolio standards ahead oftime, or both. [L 2001, c 272, §5]