BILL NUMBER: SB 1537INTRODUCED BILL TEXT INTRODUCED BY Senator Kehoe FEBRUARY 24, 2012 An act relating to energy. LEGISLATIVE COUNSEL'S DIGEST SB 1537, as introduced, Kehoe. Energy: rates. Under existing law, the Public Utilities Commission has regulatory authority over public utilities, including electrical corporations, as defined, while local publicly owned electric utilities, as defined, are under the direction of their governing board. The existing Renewables Portfolio Standard Program (RPS program) requires a retail seller of electricity, as defined, and local publicly owned electric utilities to purchase specified minimum quantities of electricity products from eligible renewable energy resources, as defined, for specified compliance periods. The specified minimum quantities of electricity products are based upon a percentage of the utility's total retail sales of electricity in California. This bill would state the intent of the Legislature to enact legislation to establish a transparent and stable rate structure for electrical generation by eligible renewable energy resources. Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. It is the intent of the Legislature to enact legislation to establish a transparent and stable rate structure for electrical generation by eligible renewable energy resources.