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.
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