SB 1367

Bill Subjects

Abstract

Under existing law, the Public Utilities Commission has regulatory authority over public utilities, including electrical corporations, as defined. The California Renewables Portfolio Standard Program requires, among other things, the Public Utilities Commission to implement annual procurement targets for each retail seller, which is defined to include these electrical corporations but does not include local publicly owned electrical utilities, to increase its total procurement of electricity generated by eligible renewable energy resources by at least an additional 1% of retail sales per year so that 20% of its retail sales of electricity are procured from eligible renewable energy resources by no later than December 31, 2010. This bill would extend the target date for a retail seller to procure 20% of its retail sales from eligible renewable energy resources from December 31, 2010, to December 31, 2020. The existing Warren-Alquist State Energy Resources Conservation and Development Act establishes the State Energy Resources Conservation and Development Commission (Energy Commission) . Existing law establishes the Renewable Resource Trust Fund in the State Treasury as a fund that is continuously appropriated, with certain exceptions for administrative expenses requires that certain moneys collected to support renewable energy resources through the public goods charge are deposited into the fund, and authorizes the Energy Commission to expend the moneys pursuant to the Renewable Energy Resources Program. The program states the intent of the Legislature to increase the amount of electricity generated from eligible renewable energy resources per year so that amount equals at least 20% of total retail sales of electricity in California per year by December 31, 2010. The bill would similarly extend the attainment goal date, under the Renewable Energy Resources Program, for at least 20% of total retail sales of electricity to be generated from eligible renewable energy resources per year from December 31, 2010, to December 31, 2020.