Roundabout Renewables’ Bookkeeping

By Published On: June 22, 2012

Regulators allowed slack in order to meet the state’s 33 percent renewables portfolio standard requirement. What’s a kosher project--like in-state wind--and what is grandfathered into the state’s renewables package, got a bit fuzzier in the California Public Utilities Commission’s June 21 decision. Regulators allowed energy banking, short-term contracts, and renewables deficits to be resolved in accounting for alternative energy trades from 2010 and earlier. The decision allows “flexibility,” according to commissioner Catherine Sandoval.

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