(a) As used in this article: (i) "Carbon capture, utilization and storage technology" means technology that has the principal purpose of capturing, reusing, storing, sequestering or using carbon dioxide emissions to prevent carbon dioxide from entering the atmosphere whether constructed integral or adjacent to a coal fired generation facility; (ii) "Dispatchable" means a source of electricity that is available for use on demand and that can be dispatched upon request of a power grid operator or that can have its power output adjusted, according to market needs; (iii) "Low-carbon" means electricity that is generated while using carbon capture, utilization and storage technology that captures not less than eighteen thousand seven hundred fifty (18,750) metric tons of carbon dioxide during one (1) calendar year and that has a capture design capacity of not less than seventy-five percent (75%) of the baseline carbon dioxide production of the generation unit as specified in 26 U.S.C. § 45Q(e)(2); (iv) "Reliable" means generated electricity that is not subject to intermittent availability.
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