A. The Legislature declares that it is in the public interest to promote renewable energy development in order to best utilize the abundant natural resources found in this state. B. It is hereby declared the intent of the State of Oklahoma to increase the use of renewable energy in the state by setting a renewable energy standard that will serve as a goal to be reached by the year 2015. C. There is hereby established a renewable energy standard for the state that will serve as a goal for the year 2015. The renewable energy standard shall be a goal that fifteen percent (15%) of all installed capacity of electricity generation within the state by the year 2015 be generated from renewable energy sources. D. For purposes of this section, qualifying renewable energy resources shall include: 1. Wind; 2. Solar; 3. Photovoltaic; 4. Hydropower; 5. Hydrogen; 6. Geothermal; 7. Biomass, which projects may include agricultural crops, wastes, and residues, wood, animal and other degradable organic wastes, municipal solid waste, and landfill gas; 8. Distributed generation from an eligible renewable energy resource where the generating facility or any integrated cluster of such facilities has an installed generating capacity of not more than five (5) megawatts; 9. Other renewable sources approved by the Commission; and 10. Demand side management and energy efficiency as provided in Section 6 of this act. E. Steam export capacity at a qualified renewable energy resource shall count toward the goal established in subsection C of this section. F. The annual renewable energy percentage shall be determined by dividing all installed capacity of renewable electricity generation in Oklahoma by the total installed capacity of all electricity generation in Oklahoma. Every electricity generating entity or company operating electricity generation facilities in Oklahoma shall report to the Commission by March 1 each year the installed capacity of each of its generating facilities, the number of kilowatt hours generated by each facility in Oklahoma and from which source of energy the electricity was produced.
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