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



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