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CA SB1365
Bill
AI Summary
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Allows the Public Utilities Commission discretion to determine renewable feed-in tariff payments through competitive solicitations held at least biannually by electrical corporations, rather than only using the market price methodology.
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Authorizes the commission to establish any other payment mechanism it deems appropriate for renewable feed-in tariffs under the California Renewables Portfolio Standard Program.
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Adds new Section 399.20.1 to the Public Utilities Code to implement alternative payment determination methods while keeping existing market price methodology in Section 399.20 as an option.
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Maintains all other existing requirements for renewable feed-in tariffs, including the 10, 15, or 20-year contract periods and inclusion of environmental compliance costs in payment calculations.
Legislative Description
California Renewables Portfolio Standard Program: renewable feed-in tariff.
Last Action
Referred to Com. on E., U. & C.
3/12/2020