SB 107: Renewable Energy Portfolio (2005)

Summary

SB 107 does all of the following:

First, it amends CA’s Renewable Portfolio Standard Law to move up the date on which electric utilities must procure one-fifth of their power from renewable energy sources from 2017 to 2010.
Second, it ensures that the use of so-called “renewable energy credits” (i.e. “REC’s”, or certificates that show a utility actually bought a renewable kilowatt of electricity) are subject to strict monitoring and verification by state energy regulators. REC’s are thought to be desirable in helping develop and sell renewable energy where transmission lines to renewable energy powerplants are lacking, but need tighter consumer protections and controls.
Third, it increases efficiency in the expenditure of roughly $135 million per year in energy payments from ratepayers to renewable energy resources to help ensure those resources are developed and operated economically.
Fourth, it strengthens current RPS statutes with respect to reporting requirements for municipal utilities.
And fifth, it requires state energy regulators to ensure that utility procurement plans achieve efficiency in the use of fossil fuels and address any carbon emissions from generation sources.

SB 107 is no longer active. Its final status was:
Signed into Law

You can read its final text on the Legislature's Bill Information site.