(1) Alternative energy projects result in quantifiable reductions in, or the avoidance of, regulated air pollutants and carbon emissions produced by traditional electric generating facilities that use fossil fuels as their fuel source.

(2) Corporations and cooperatively owned power suppliers should plan and implement alternative energy projects on behalf of and at the request of their members.

(3) Incentives that encourage corporations and their cooperatively owned power suppliers to:

(A) develop alternative energy projects; and

(B) apply for, and contribute matching funds to, state or federal grants and programs for alternative energy projects;

are in the public interest of the state and its citizens and are crucial to the state’s economic development efforts.

As added by P.L.151-2009, SEC.5.