Calif. Remains On The Fence Over Unbundled RECs

Law360, New York (September 5, 2008, 12:00 AM EDT) -- Until the California Public Utilities Commission decides to address the issue of whether to allow the use of unbundled Renewable Energy Credits (RECs) for purposes of RPS compliance, the only market for unbundled RECs in California is the voluntary REC market.

On Aug. 21, 2008, the California Public Utilities Commission (CPUC) issued its Decision on Definition and Attributes of Renewable Energy Credits (RECs) for Compliance with the California Renewable Portfolio Standard (RPS). In its decision, the CPUC adopted a final definition of an REC but declined...
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