The California Public Utility Commission issued a draft decision on October 29th authorizing the use of unbundled and tradable renewable energy certificates (“RECs” or “TRECs”) for compliance with California’s RPS. 

The draft decision also outlines the structure and rules for a tradable REC market and for integrating these RECs into the RPS “flexible compliance system.” Comments are due on Nov. 18, 2008. The draft decision can be found here: