AB 2547 — California Renewables Portfolio Standard Program: portfolio content: unbundled renewable energy credits.

1 sponsors · 0 co-sponsors · 121 not signed on

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Frequently asked questions

What does AB 2547 do?

The California Renewables Portfolio Standard Program requires the Public Utilities Commission to establish a renewables portfolio standard requiring all retail sellers, defined as electrical corporations, electric service providers, and community choice aggregators, to procure a minimum quantity of electricity products from eligible renewable energy resources, as defined, at specified percentages of the total kilowatthours sold to their retail end-use customers during specified compliance periods. The program additionally requires each local publicly owned electric utility to procure a minimum quantity of electricity products from eligible renewable energy resources to achieve the targets established by the program. The program, consistent with the goals of procuring the least-cost and best-fit eligible renewable energy resources that meet project viability principles, requires that all retail sellers procure a balanced portfolio of electricity products from eligible renewable energy resources, in 3 specified categories referred to as the portfolio content requirements. Existing law requires retailer sellers to meet renewable energy procurement obligations by at least 75% of the electricity product that is from a renewable energy resource that meets various requirements, including the requirement on the first point of interconnection of the resource with the state or has an agreement to dynamically transfer electricity to a California balancing authority (category 1 products) , for compliance periods after December 31, 2016. Existing law authorizes retailer sellers to meet up to 10% of their renewable energy procurement obligations through the purchase of electricity products, including unbundled renewable energy credits (category 3 products) for compliance periods after December 31, 2016. This bill would increase the requirement for the purchase of category 1 products in meeting the retailers sellers renewable energy procurement obligations to 85% for compliance periods after December 31, 2020. The bill would, except as provided, prohibit the purchase of category 3 products in meeting the retailer sellers' renewable energy procurement obligations for compliance periods after December 31, 2020. Under existing law, a violation of the Public Utilities Act or any order, decision, rule, direction, demand, or requirement of the commission is a crime. Because the provisions of this bill would be a part of the act and because a violation of an order or decision of the commission implementing its requirements would be a crime, the bill would impose a state-mandated local program. The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement. This bill would provide that no reimbursement is required by this act for a specified reason.

Who sponsors AB 2547?

AB 2547 is sponsored by Gonzalez, Jeff (Republican).

What is the current status of AB 2547?

This bill died with 2019-2020 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

Where can I track AB 2547?

Track AB 2547 free on One Click Politics — get push/email alerts when it moves.