09-10-2018 BPU RPT 08 - Laserfiche WebLink

Home

VII A i I. H I IJ I R Y 1. 1� E RIVERSIDE PUBLIC UTILITIES Board Memorandum PLJIBLIC U r I L I T I E S BOARD OF PUBLIC UTILITIES DATE: SEPTEMBER 10, 2018 ITEM NO: 8 SUBJECT: ADOPTION OF UPDATED 2018 RENEWABLE ENERGY PROCUREMENT POLICY AS REQUIRED BY THE CALIFORNIA RENEWABLE ENERGY RESOURCES ACT ISSUE: Adopt the Updated 2018 Renewable Energy Procurement Policy for Riverside Public Utilities as required by the California Renewable Energy Resources Act. RECOMMENDATIONS: That the Board of Public Utilities recommend that the City Council: 1. Approve and adopt the Updated 2018 Renewable Energy Procurement Policy for Riverside Public Utilities; and 2. Delegate implementation of the Updated 2018 Renewable Energy Procurement Policy to the City Manager or his designee. LEGISLATIVE HISTORY: In 2002, the California Legislature adopted Senate Bill (SB) 1078, which established a Renewable Portfolio Standard (RPS) mandate requiring 20% of retail electricity sales to be procured from renewable energy sources, increasing each year by 1% to reach the 20% goal. This bill was only applicable to investor- owned utilities (IOUs); publicly owned utilities (POUs) such as Riverside Public Utilities (RPU) were not mandated to fulfill this requirement. In 2006, the California Legislature adopted SB 107, which accelerated and defined the target year for the 20% RPS goal to 2010. Again, this bill was only applicable to IOUs. In 2008, the California Governor signed Executive Order S-14-08 that again increased the RPS goal to 30% by 2020. In 2011, the California Legislature adopted SB X1-2, which officially created the first set of tiered RPS targets of 20% by 2013, 25% by 2016, and 33% by 2020. In addition, this bill explicitly stated that POUs were now mandated to fulfill this obligation and to adopt an RPS Enforcement Program and an RPS Procurement Policy. In 2015, the California Legislature adopted SB 350, which further increased the RPS goal to 50% by 2030. SB 350 retained the goal of 33% by 2020 established by SB X1-2 and added interim goals of 40% by 2024 and 45% by 2027. Page 52