California's 33% Renewable Standard Embraced by Green Energy Companies

Greentech Media submits:

By Eric Wesoff

This afternoon, the 33 percent Renewable Portfolio Standard became law in California.

Governor Jerry Brown conducted a formal signing ceremony at the SunPower (SPWRA)(SPWRB)production facility at Flextronics (FLEX) in Milpitas, California to make it official.

I spoke with Dan Adler, the President of CalCEF, the California Clean Energy Fund, about the milestone. Adler is uniquely qualified to discuss the matter, as he wrote the implementation rules for the last RPS while at the CPUC.

The bill Adler worked on originally called for 20 percent by 2017, but the California Public Utility Commission and other regulatory bodies accelerated those goals to be met by 2010. In fact, California?s three investor-owned utilities (IOUs) achieved 18 percent of 2010 retail electricity sales with renewable power.

"We are on track to hit our 20 percent target next year, despite widespread skepticism at the outset of the RPS, and the renewable energy

Complete Story »

Freida Pinto Eva Longoria Susan Ward Emmy Rossum Kim Yoon jin