INTERACTIVE WEB CONFERENCE
Tradable Renewable Energy Credits in California
Tuesday, March 1, 2011
1:00 pm-2:30 pm (Eastern)
At its January 14, 2011 meeting, the California Public Utilities Commission (CPUC) lifted its moratorium on the use of tradable renewable energy credits (TRECs) for compliance with California’s 20% renewable portfolio standard (RPS). The CPUC, however, imposed a cap on the use of those credits for RPS compliance, limiting the amount that California’s three largest investor-owned utilities, and its energy service providers, can use each year for RPS compliance. The California Air Resources Board adopted regulations to implement a 33% Renewable Energy Standard last year, and has stated it intends to harmonize its RES with the limits on TRECs adopted by the CPUC. The California legislature is also considering legislation, introduced late last year, that would raise California’s RPS to 33%, and would adopt limits on the use of tradable renewable energy credits. Join us for a discussion of where California is headed with a 33% RPS and the use of TRECs.
Items to be covered during this panel discussion:
· The CPUC’s decision lifting its moratorium on the use of TRECs
· The Air Resources Board’s 33% RES and how it regulates the use of renewable energy credits
·Senate Bill 23, the California legislature’s latest effort to adopt a 33% RPS, and how it treats TRECs
· How California’s regulation of TRECs will affect the REC market in California and elsewhere
Faculty:
Paul Douglas, CPUC
Seth Hilton, Partner, STOEL RIVES LLP
Aaron Johnson, Director, Renewable Energy Policy and Strategy, PG&E (Invited)
Nicole Shaughnessy - Director, Western Emissions and Renewable Energy, EVOLUTION MARKETS INC.
Timothy Tutt, Government Affairs Representative, SMUD
Please register by Midnight (Eastern), Monday, February 28, to receive webinar connection information in a timely manner.
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