Tuesday, December 26, 2006

PUC Decision On Ownership of REC's.

The PUC has made its decision in the argument over who should own renewable energy credits.

According to the San Jose Mercury News:

In a decision closely watched by the solar industry, the California Public Utilities Commission recently signaled its intent to award the ownership of credits earned from renewable energy sources to the residential and commercial owners of such systems -- and not to the utility companies.

If this preliminary decision by the PUC becomes final during its Jan. 11 meeting, it will allow the state to establish a market where these renewable energy credits can be bought and sold.

By establishing ownership, the PUC has cleared the way for trading/sales of REC's.

Extra Boost For Going Green [San Jose Mercury News]