C(alifornia)-PUC Proposed Decision: R(enewable) E(nergy) C(redits)s Belong to Solar System Owners

http://www.renewableenergyaccess.com/rea/news/story?id=46775

The California Public Utilities Commission (CPUC) issued a proposed decision on Wednesday granting 100% ownership of Renewable Energy Credits to owners of solar systems and other renewable energy distributed generators.

This reverses a proposed decision from early November that would have granted utilities full ownership of RECs. Many solar advocates and consumers argued that gifting RECs to utilities would have eliminated an important source of revenue for solar owners. The utilities wanted the RECs to help fulfill their procurement obligations under the state's renewable portfolio standard.

"This is a huge victory for solar in California, showing how strong support from across the business and environmental community can swing a decision at the Public Utilities Commission in favor of solar energy," said JP Ross, Policy Director for the Vote Solar Initiative.

CPUC President Michael Peevey said in the proposed decision that "renewable DG facility owners should retain 100% of the RECs associated with their facilities." The decision, he said was in line with the "previously established policy to promote development of all renewable DG facilities in California."

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