Ohio Code § 4928.645

§ 4928.645.

(A) An electric distribution utility or electric services company may use, for the purpose

of complying with the requirements under divisions (B)(1) and (2) of section 4928.64

of the Revised Code, renewable energy credits any time in the five calendar years

following the date of their purchase or acquisition from any entity, including, but

not limited to, the following: (1) A mercantile customer; (2) An owner or operator of a hydroelectric generating facility that is located at a

dam on a river, or on any water discharged to a river, that is within or bordering

this state or within or bordering an adjoining state, or that produces power that

can be shown to be deliverable into this state; (3) A seller of compressed natural gas that has been produced from biologically derived

methane gas, provided that the seller may only provide renewable energy credits for

metered amounts of gas. (B)(1) The public utilities commission shall adopt rules specifying that one unit of credit

shall equal one megawatt hour of electricity derived from renewable energy resources,

except that, for a generating facility of seventy-five megawatts or greater that is

situated within this state and has committed by December 31, 2009, to modify or retrofit

its generating unit or units to enable the facility to generate principally from biomass

energy by June 30, 2013, each megawatt hour of electricity generated principally from

that biomass energy shall equal, in units of credit, the product obtained by multiplying

the actual percentage of biomass feedstock heat input used to generate such megawatt

hour by the quotient obtained by dividing the then existing unit dollar amount used

to determine a renewable energy compliance payment as provided under division (C)(2)(b) of section 4928.64 of the Revised Code by the then existing market value of one renewable energy credit, but such megawatt

hour shall not equal less than one unit of credit.  Renewable energy resources do not have to be converted to electricity in order to

be eligible to receive renewable energy credits.  The rules shall specify that, for purposes of converting the quantity of energy

derived from biologically derived methane gas to an electricity equivalent, one megawatt

hour equals 3,412,142 British thermal units. (2) The rules also shall provide for this state a system of registering renewable energy

credits by specifying which of any generally available registries shall be used for

that purpose and not by creating a registry.  That selected system of registering renewable energy credits shall allow a hydroelectric

generating facility to be eligible for obtaining renewable energy credits and shall

allow customer-sited projects or actions the broadest opportunities to be eligible

for obtaining renewable energy credits. (C) Except for compressed natural gas that has been produced from biologically derived

methane gas, energy generated by using natural gas as a resource is not eligible to

obtain a renewable energy credit under this section.