Resource-Adequacy Plan Speeds Up Reserve Mandate

Following through on its promise to the governor, the California Public Utilities Commission released a plan August 31 that would accelerate the requirement that power providers maintain operating reserves of between 15 percent and 17 percent. The plan would move up the reserve deadline from 2008 to June 2006 and calls for private utilities and energy service providers to maintain specified reserve levels. Governor Arnold Schwarzenegger prodded the CPUC last April to accelerate rules to help shore up the state?s power supply. Tightening supplies and growing demand have highlighted the need to nail down adequate reserves, according to the plan, which is set for a vote next month. Stakeholders are divided on the issue. Some argue that quickly locking in a certain level of reserves could prove excessive and thus expensive if direct access is adopted, a move that would allow large consumers to pick their own suppliers. Excessive reserves could mean stranded capacity.

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Resource-Adequacy Plan Speeds Up Reserve Mandate

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