renewable portfolio standard

Today, San Diego Gas & Electric (SDG&E) issued a Request for Offers seeking eligible renewable resources that the utility will use to meet its California Renewable Portfolio Standard requirements.  Respondents may submit one or more of three alternative proposals:

  • Power Purchase Agreement (PPA).  Respondents are asked to propose a 10, 15, or 20-year PPA

Under California’s Renewable Portfolio Standard, investor-owned utilities only have until 2010 to procure 20% of their power from renewable sources (although certain flexible compliance measures do apply). There are concerns that the  rapidly-approaching deadline is leading utilities to sign power purchase agreements with projects that are not viable and may never achieve commercial operation. To help

On September 18, 2008, the Michigan legislature sent the state’s first Renewable Portfolio Standard to the Governor’s desk for signature.  The package mandates "10 percent of the state’s energy come from renewable sources by 2015, regulatory reform that protects Michigan ratepayers and allows utility companies to build new electricity generation in Michigan, and a