CA AB893

Requires retail electricity sellers and local publicly owned electric utilities to procure a combined 4,250 megawatts of qualified renewable energy resources through 10-year or longer contracts, with each entity procuring a proportionate share based on 2020 retail sales forecasts.

Mandates specific procurement targets: at least 500 megawatts from existing geothermal projects expiring 2019-2022, an additional 500 megawatts from existing geothermal projects expiring 2025-2028, and 750 megawatts from new geothermal resources starting construction after January 1, 2019, with at least 2,500 megawatts from tax-advantaged renewable resources overall.

Requires retail sellers to file compliance plans by May 31, 2019, and local publicly owned utilities to adopt compliance plans by June 30, 2019; if community choice aggregators or electric service providers fail to demonstrate sufficient commitments by August 1, 2019, the applicable electrical corporation must procure shortfalls on their behalf.

Electricity procured under this section counts toward existing California Renewables Portfolio Standard Program obligations, and costs are recovered from benefiting consumers on a nonbypassable basis.

Directs the Public Utilities Commission and Energy Commission to jointly assess options for establishing a statewide central procurement entity by March 31, 2019, and repeals this assessment requirement on January 1, 2024.