Budget Amendment ID: FY2020-S3-953

ENV 953

Pricing of offshore wind development

Mr. Barrett moved that the proposed new text be amended by adding the following section:

SECTION XX. Subsection (b) of section 83C of chapter 169 of the Acts of 2008, as inserted by chapter 188 of the acts of 2016, is hereby amended by striking out the fifth sentence and inserting in place thereof the following sentence:-

A staggered procurement schedule developed by the department of energy resources, if applicable, shall specify that a subsequent solicitation shall occur within 24 months of a previous solicitation; provided, however, that the department of public utilities shall not approve a long-term contract that results from a second solicitation and procurement if the levelized price per megawatt hour, plus transmission costs, is greater than a ten percent increase over the levelized price per megawatt hour plus transmission costs that resulted from the initial procurement; provided, further, that for solicitations and procurements issued after the second solicitation and procurement, the department of public utilities shall not approve a long-term contract that results from a solicitation and procurement if the levelized price per megawatt hour, plus associated transmission costs, is greater than the levelized price per megawatt hour plus transmission costs that resulted from the previous procurement.

SECTION XX.  Section XX shall take effect upon passage of this act.