SB 876

Abstract

Electric utility regulation; clean energy standard.Replaces the voluntary renewable energy portfolio standard programwith a mandatory clean energy standard (CES) program that sets requirementsfor all investor-owned electric utilities and cooperative electricutilities. The CES program requires 30 percent of the total electricenergy sold by each utility in 2030 to be clean energy, which isdefined as electricity generated without emitting carbon dioxideor generated by a natural gas-fired facility with 80 percent carboncapture or a coal-fired facility with 90 percent carbon capture.The CES Goals increase incrementally in future years until 2050 andthereafter, by which time 100 percent of the electric energy soldis required to be clean energy. The measure requires a utility thatfails to meet a CES Goal to pay a compliance payment. The measure also requires each electric utility (i) to include a clean energyplan in each of its integrated resource plans and (ii) by January1, 2030, to decommission all of its coal-fired electric generationfacilities.