This bill establishes California as the national leader in the use and development of renewable energy," said Simitian in a press release. "The new law will stimulate the economy and improve the environment, while protecting ratepayers from excessive costs."
S.B.2X applies to all electricity retailers in the state: investor-owned utilities (IOUs), municipal utilities and independent sellers. All load-serving entities must meet a 20% target by Dec. 31, 2013, and a 25% target by the end of 2016, before hitting the 33% benchmark by the end of 2020.
The current 20% standard applies only to IOUs and independent sellers. The California Public Utilities Commission (CPUC) expects that IOUs will provide 21% of their electricity from renewables this year.
Marc Ulrich, Southern California Edison’s vice president of renewable and alternative power, expressed support for the bill.
"We look forward to working together with the California Public Utility Commission, policymakers and independent power producers to further our state’s clean energy future," he stated in a press release.
The CPUC must approve renewable energy contracts, and utilities may be granted exemptions if the price of energy, or the difficulty of moving it into the state’s grid, make the cost excessive.Abender
I italicized the problem, when the price rises, exemptions will be made. This is the same recipe for disaster that Pete Wilson and Gray Davis created. A recipe for the state to intervene and spend billions buying electricity at exorbitant prices using taxpayer funds and sidelining the conservation efforts of end users.
Jerry Brown is not a stupid as he acts, I know some human person stood in front of the bozo and pointed this out; evidence backed by $40 billion in losses, the total cost for Gray Davis to learn about the light switch.
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