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(1) The board shall review the location and availability of energy sources in the state.
(2) The board shall:
(a) determine if there is adequate infrastructure and capacity to bring energy sources to market;
(b) prioritize projects on the basis of:
(i) location;
(ii) supporting responsible energy development;
(iii) feasibility of development; and
(iv) economic development factors; and
(c) provide available funding to develop energy resource plans to provide for energy infrastructure development, including development of an integrated resource plan.