Renewable energy resources.
This legislation enhances the framework under which electrical corporations can seek approval from the Public Utilities Commission to construct and deploy facilities that contribute to California's renewable energy goals. By maintaining a percentage requirement for the renewable energy that must be provided, set at 8.25% of anticipated retail sales, the bill continues California's commitment to increasing reliance on clean energy sources. The adjustments aim to ensure that the necessary approvals maximize both viability and value for ratepayers.
Assembly Bill 2313, introduced by Assembly Member Eggman, amends Section 399.14 of the Public Utilities Code, focusing on the procurement of renewable energy resources. The bill aligns with California's existing Renewables Portfolio Standard Program, which mandates that local publicly owned electric utilities and retail sellers of electricity purchase specific quantities of energy from qualified renewable sources. The bill primarily makes nonsubstantive changes to the application process for electrical corporations seeking approval to construct and operate eligible renewable energy resources.
While the bill is generally supportive of expanding renewable energy resources, some concerns might arise regarding the discretion given to the Public Utilities Commission in approving applications. The bill stipulates that the commission can only approve projects that utilize viable technologies at reasonable costs, integrating traditional cost-of-service ratemaking into project assessment. This helps to ensure financial prudence in new constructions, but could lead to debates about what constitutes 'reasonable costs' or 'viable technology', especially in the evolving energy market. Ultimately, while aimed at fostering renewable energy development, the implementation and interpretation of these regulations will be key areas for oversight and discussion.