Amendment ID: S2372-42-R1

Redraft Amendment 42

Declining long-term contract price

Mr. Rodrigues moves to amend the amendment in Section 12, by striking out the proposed second paragraph of proposed subsection (b) of proposed section 83C of chapter 169 of the acts of 2008 and inserting in place thereof the following paragraph:- “The department of public utilities shall not approve a long-term contract that results from a subsequent solicitation and procurement period if the levelized cost of energy or the net present value of the contract price per megawatt hour in constant dollars that results from that subsequent procurement is greater than or equal to the levelized cost of energy or net present value of the contract price per megawatt hour in constant dollars that resulted from the previous procurement. The department of public utilities shall make a final approved long-term contract price public. For the purposes of this section, “levelized cost of energy” shall include transmission and renewable energy certificates.”.