BILL ANALYSIS Ó ----------------------------------------------------------------- |SENATE RULES COMMITTEE | AB 2761| |Office of Senate Floor Analyses | | |1020 N Street, Suite 524 | | |(916) 651-1520 Fax: (916) | | |327-4478 | | ----------------------------------------------------------------- THIRD READING Bill No: AB 2761 Author: Assembly Utilities and Commerce Committee Amended: As introduced Vote: 21 SENATE ENERGY, UTIL. & COMMUNIC. COMM. : 10-0, 6/17/14 AYES: Padilla, Fuller, Block, Cannella, Corbett, De León, DeSaulnier, Hill, Pavley, Wolk NO VOTE RECORDED: Knight ASSEMBLY FLOOR : 75-0, 5/8/14 - See last page for vote SUBJECT : Public Utilities Commission: report: renewable energy resources SOURCE : Author DIGEST : This bill requires the Public Utilities Commission (PUC) to submit its annual report on the fiscal impact of renewable energy programs on electrical corporations to the policy and fiscal committees of the Legislature by April 1, instead of the current February 1 deadline. ANALYSIS : Existing law: 1.Requires investor-owned utilities, publicly-owned utilities, 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 CONTINUED AB 2761 Page 2 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). 2.Requires PUC, 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. This bill moves the report due date from February 1 to April 1 of each year. Comments This bill simply moves an existing reporting requirement of the PUC from February 1 of each year to April 1. Under existing law the report results are based on forecasted versus actual data from the previous year and ultimately does not allow the PUC sufficient time to compile and verify the data, analyze trends, and prepare a report. The PUC opines that the date extension will result in a report that relies on actual information for the electrical corporation's RPS procurement expenditures. FISCAL EFFECT : Appropriation: No Fiscal Com.: No Local: No SUPPORT : (Verified 6/18/14) Public Utilities Commission ASSEMBLY FLOOR : 75-0, 5/8/14 AYES: Achadjian, Alejo, Allen, Ammiano, Atkins, Bigelow, Bloom, Bocanegra, Bonilla, Bonta, Bradford, Brown, Buchanan, Ian Calderon, Campos, Chau, Chávez, Chesbro, Conway, Cooley, Dababneh, Dahle, Daly, Dickinson, Donnelly, Fong, Fox, Frazier, Beth Gaines, Garcia, Gatto, Gomez, Gonzalez, Gordon, Gray, Grove, Hagman, Hall, Harkey, Roger Hernández, Holden, Jones, Jones-Sawyer, Levine, Linder, Logue, Lowenthal, Maienschein, Medina, Melendez, Mullin, Muratsuchi, Nazarian, Nestande, Olsen, Pan, Patterson, Perea, Quirk, Quirk-Silva, Rendon, Ridley-Thomas, Rodriguez, Salas, Skinner, Stone, Ting, Wagner, Waldron, Weber, Wieckowski, Wilk, Williams, Yamada, AB 2761 Page 3 John A. Pérez NO VOTE RECORDED: Eggman, Gorell, Mansoor, V. Manuel Pérez, Vacancy JG:k 6/19/14 Senate Floor Analyses SUPPORT/OPPOSITION: SEE ABOVE **** END ****