California governor to sign 33% renewables standard bill Tuesday
San Francisco (Platts)--11Apr2011/602 pm EDT/2202 GMT
California Governor Jerry Brown on Tuesday will sign a bill that
requires the state's load serving entities to source 33% of their
electricity from renewable resources by 2020, under the US' most
aggressive renewable portfolio standard, his office said Monday.
The bill, S.B. 2X, will be enacted 91 days after a state legislature
special session ends. The session has no set time to wrap up.
Under the new law, all load-serving entities need to satisfy a 20% by
December 31, 2013, renewable procurement target, a 25% target by
year-end 2016, and a 33% target by December 31, 2020.
Of those numbers, tradeable Renewable Energy Credits can account for 25%
of the December 31, 2013 renewables procurement target, 15% by December
31, 2016, and 10% after that.
As under the current 20% RPS law, retail sellers can delay compliance
with the 33% RPS if they face transmission constraints or certain other
obstacles.
The state Public Utilities Commission will oversee potential
non-compliance penalties for investor-owned utilities. The California
Energy Commission will need to report the potential failure of a
publicly owned utility to comply with the RPS to the California Air
Resources Board, which could impose penalties.
--Lisa Weinzimer,
lisa_weinzimer@platts.com
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