California Lawmakers Adopt Landmark Renewable Energy Plan
September 12 2009 - 1:25PM
Dow Jones News
California lawmakers approved one of the world's most aggressive
renewable-energy mandates early Saturday in legislation that would
require the state's utilities to use renewable sources like the sun
and wind to generate a third of the power they sell by 2020.
The proposal is a centerpiece of the state's 2006 plan to combat
climate change, which has broad public support. And although it's
more aggressive than a similar federal proposal pending in
Congress, the legislation could influence decisions in
Washington.
The legislation, in two bills passed by the legislature, will
require approval from California Gov. Arnold Schwarzenegger, who
has been a vocal advocate for the 33% renewable energy mandate.
However, as Schwarzenegger has been under intense lobbying pressure
by some power-plant developers to veto the legislation, raising
questions about how he will react.
A spokesman for the governor said Schwarzenegger hadn't yet
taken a position on the bills and wouldn't do so until they landed
on his desk.
The plan has been mired in a dispute over the extent to which
utilities should be able to buy renewable power generated in remote
areas of states like Montana and Wyoming - power they're unable to
use because it's generated too far away to be delivered. One of the
bills, from the state Senate, limits such contracts.
California's investor-owned utilities currently are required to
use renewable sources for 20% of the power they sell by 2010, with
no restriction on long-distance renewable energy contracts.
The "deliverability" issue, or the extent to which utilities
must buy renewable energy that can be delivered to California, has
divided utilities and renewable energy developers. Utilities owned
by PG&E Corp. (PCG) and Sempra Energy (SRE), and the Los
Angeles Department of Water & Power - the nation's largest
municipal utility - supported the legislation, while Edison
International's (EIX) Southern California Edison unit and some
municipal utilities opposed it. U.S. solar power developers
Sunpower Corp. (SPWRA), First Solar Inc. (FSLR), BrightSource
Energy Inc. and eSolar supported the bills, as did wind power
developers including Clipper Windpower (CWP) and Acciona (ANA.MC)
of Spain. But Spanish wind-farm powerhouse Iberdrola Renovables
(IBR.MC), which recently received nearly $300 million in U.S.
Treasury Department grants for four U.S. wind farms, opposed the
legislation, as did Calpine Corp. (CPN), the largest U.S.
geothermal power developer and one of the nation's largest sellers
of natural gas-fired power.
A trade group that represents Iberdrola and Calpine, as well as
several developers of conventional natural gas-fired power plants,
asked Schwarzenegger to veto the Senate renewable energy bill over
concerns that the restrictions on the types of energy purchases
utilities are allowed to make will lead to huge costs and will
disadvantage developers of renewable energy projects in remote
areas.
"A number of our members have contracts for out-of-state
renewables...and stand to gain as much or more than anybody else
from a 33%" mandate, said Jan Smutny-Jones, executive director of
the Independent Energy Producers Association, the industry group
that asked for the governor's veto. "But the bill, in its current
form, is a big problem."
But other groups that represent renewable energy developers,
utilities, consumers and environmentalists say the state needs to
move forward with its renewable energy plans and that the
legislation passed Friday is a good start.
"We have an incredibly vibrant market, although we're waiting
for transmission, we're waiting for people to get their permits,"
said Nancy Rader, executive director of the California Wind Energy
Association, which supported the bills and whose members include
Acciona and Clipper Windpower. "To veto this bill would bring that
process to a grinding halt and set back our renewable energy goals
by years."
Rader said companies that supported the bill generally already
have a foothold in California's renewable energy market, while
companies that opposed it "are not so well positioned and are
trying to kill the market for everyone else."
-By Cassandra Sweet, Dow Jones Newswires; 415-439-6468;
cassandra.sweet@dowjones.com