This blog will focus on and discuss business and legal issues important to entrepreneurs as they develop products and services, seek capital, expand and exit the market. In addition, this blog will discuss federal and state economic development incentives and finance programs that are geared towards incentivizing affordable housing, renewable energy, historic preservation, small business start up and job creation.
Saturday, March 3, 2012
Clean Energy Act of 2012
The Clean Energy Act of 2012 has been introduced and would require large utilities to begin selling a certain portion of their electricity from clean energy sources beginning in 2015. The Clean Energy Act of 2012 begins at 24 percent clean
energy in 2015, and increases by 3 percent per year through 2035 to reach 84
percent. It would only apply to utilities that are selling electricity to
retail consumers, and exempts small utilities. In 2015, 8 percent of all
utilities would need to meet the standard, and 13 percent of all utilities
would need to meet it in 2025.
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