BILL ANALYSIS Ó 1 SENATE ENERGY, UTILITIES AND COMMUNICATIONS COMMITTEE ALEX PADILLA, CHAIR AB 2761 - Utilities and Commerce Hearing Date: July 17, 2014 A As Amended: March 24, 2014 Non-FISCAL B 2 7 6 1 DESCRIPTION Current law requires investor-owned utilities (IOUs), publicly-owned utilities (POUs), community choice aggregators, and energy service providers to increase purchases of renewable energy such that at least 33% of total retail sales are procured from renewable energy resources by December 31, 2020. In the interim each entity would be required to procure an average of 20% of renewable energy for the period of January 1, 2011 through December 31, 2013 and 25% by December 31, 2016. This is known as the Renewables Portfolio Standard (RPS). (Public Utilities Codes § 399.11 et seq.) Current law requires the California Public Utilities Commission (CPUC), by February 1 of each year, to prepare and submit to the policy and fiscal committees of the Legislature a report on specified topics generally relating to the fiscal impact of renewable energy programs on electrical corporations. (Public Utilities Code § 910) This bill moves that report due date to April 1 of each year. COMMENTS This bill simply moves an existing reporting requirement of the CPUC from February 1 of each year to April 1st. Under current law the report results are based on forecasted versus actual data from the previous year and ultimately does not allow the CPUC sufficient time to compile and verify the data, analyze trends, and prepare a report. The CPUC opines that the date extension will result in a report that relies on actual information for the electrical corporation's RPS procurement expenditures. ASSEMBLY VOTES Assembly Floor (75-0) Assembly Utilities and Commerce Committee (12-0) POSITIONS Sponsor: Author Support: California Public Utilities Commission Oppose: None on file Kellie Smith AB 2761 Analysis Hearing Date: June 17, 2014