CPUC Revises Rules On Renewable Energy Credits

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The California Public Utilities Commission (CPUC) has voted 4-1 to halt its previously announced rule that limited to 25% the amount of out-of-state renewable energy credits (RECs) that the state's utilities could use to meet their renewable portfolio standard (RPS) mandates.

In March, CPUC had voted unanimously to limit out-of-state REC purchases, Capitol Weekly reports. In danger of not meeting their RPS requirements without increased use of out-of-state RECs, several major investor-owned utilities had voiced their disagreement with CPUC's March decision. Gov. Arnold Schwarzenegger, R-Calif., also reportedly opposed the regulation.

SOURCE: Capitol Weekly

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