The staff of the US Senate Energy Committee, chaired by Jeff Bingaman (D- New Mexico) has just released the draft of a proposed renewable portfolio standard.  The draft RPS would require that, by 2020, at least 20% of the electricity sold to retail consumers be obtained from renewable sources, such as wind, solar, geothermal and biomass.  The Committee has also announced that it will hold a hearing on Tuesday, February 10, to take testimony on the draft RPS.

In addition, Rep. Ed Markey, chair of the House Select Committee on Energy Independence and Global Warming, has introduced his own bill that would impose an RPS of 25% by 2025.

Stoel Rives will be issuing an email alert with more details about the proposals.  If you are not already receiving our email alerts, please click on "Subscribe" to ensure that you do.