The program administrator shall administer a tracking program for renewable energy certificates in accordance with the requirements of this chapter.

1. The transfer of renewable energy certificates between parties is effective only when the transfer is recorded by the program administrator.

2. The program administrator shall require that renewable energy certificates be adequately identified prior to recording a transfer and shall issue a confirmation of the transaction to parties when the transfer is recorded.

3. The program administrator shall establish a procedure to ensure that the award, transfer, and retirement of certificates are accurately recorded.

History: Effective July 1, 2006.

General Authority: NDCC 49-02-01, 49-02-24, 49-02-25, 49-02-26

Law Implemented: NDCC 49-02-24, 49-02-25, 49-02-26