Senator Lanane has introduced Senate Bill 36 concerning renewable energy standards. It requires an electricity supplier to provide a certain percentage of electricity from renewable sources. If the supplier fails to meet the target, it has to pay a fee which gets deposited in the renewable energy resources fund. The Indiana Economic Development Corporation and the Indiana Utility Regulatory Commission are charged with jointly developing a plan to attract renewable energy manufacturing facilities, including wind turbine component manufacturers, to Indiana.

Some specified example of renewable sources are wind, methane, solar, crops dedicated for energy production, and hydrogen fuel cells. The target percentages for an electricity supplier’s production from renewable sources are 2% by 2011, 5% by 2013, 10% by 2017, 15% by 2019, 20% by 2023, and 25% by 2026. The fee for being deficient in these percentages is $50 per megawatt hour of the deficiency.