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Navigating Calif.’s New 33% RPS Law

Law360, New York (January 18, 2012, 1:24 PM EST) -- On Dec. 15, 2011, the California Public Utilities Commission (CPUC) unanimously approved a decision implementing key provisions of California’s new 33 Percent Renewable Portfolio Standards (RPS) law.[1] That law added § 399.16 to the California Public Utilities Code, establishing three new portfolio content categories, described as “buckets” in the statute, for California RPS procurement.

The new law makes major changes in California’s RPS program and will have a profound impact on future RPS procurement and investment. While the new decision provides critical guidance, the actual implementation...
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