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CA SB1110
Bill
AI Summary
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Adds Section 399.33 to the Public Utilities Code allowing local publicly owned electric utilities to adjust renewable energy procurement targets under specified conditions.
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Applies only to gas-fired powerplants built after January 1, 2000, with outstanding public debt secured before January 1, 2017, that are operating below 20% annual capacity factor.
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Permits adjustment of renewable energy targets by the difference between actual generation and what the powerplant would produce at 20% capacity, if the utility has met prior renewable procurement requirements and attempted to sell the powerplant or its generation.
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Requires local utilities to notify the California Energy Commission by April 1, 2019, of intent to use this adjustment authority, subject to Energy Commission approval.
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Applies only until the end of the calendar year when the powerplant's original bonded indebtedness expires.
Legislative Description
Energy: California Renewables Portfolio Standard Program: local publicly owned electric utilities.
Last Action
Chaptered by Secretary of State. Chapter 605, Statutes of 2018.
9/20/2018