Calif. Order Shows Impact On Tradeable REC Markets

Law360, New York (April 19, 2010, 1:15 PM EDT) -- On March 11, 2010, the California Public Utilities Commission issued an order authorizing the use of unbundled and tradeable renewable energy credits for compliance with the California renewable portfolio standard. The order also delineates the structure and rules for trading TRECs in a centralized market.

Under this new program, load-serving entities subject to California's RPS compliance mandate may submit for Commission approval renewable energy credits that are not tied to — or "bundled" with — physical supplies of electric power.

As several states are currently evaluating...
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