A Tradable REC Market For RPS Compliance In Calif.

Law360, New York (November 3, 2008, 12:00 AM EST) -- On Oct. 29, 2008, the California Public Utilities Commission (CPUC) issued a proposed decision authorizing the use of unbundled and tradable renewable energy credits (TRECs) for compliance with the California renewable portfolio standard (RPS).

California’s RPS requires electrical corporations to increase their procurement of electricity from certain eligible renewable energy resources by at least 1 percent of their retail sales annually, until they reach 20 percent by 2010.

Earlier in 2008, the CPUC adopted a final definition of a compliance TREC, but declined to decide on...
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