Rhode Island General Laws Title 39. Public Utilities and Carriers § 39-26.6-2. Renewable energy growth program established

To carry out these purposes, a tariff-based, renewable-energy distributed-generation financing program, hereinafter referred to as the renewable energy growth program, is hereby established with the intention of continuing the development of renewable-energy distributed generation in the load zone of the electric distribution company at reasonable cost. The program shall be designed to finance the development, construction, and operation of renewable-energy distributed-generation projects over five (5) years through a performance-based incentive system that is designed to achieve specified megawatt targets at reasonable cost through competitive processes. The renewable-energy growth program shall be implemented by the electric-distribution company, and guided by the distributed-generation board, in consultation with the office of energy resources, subject to the review and supervision of the commission.