Tuesday, July 31, 2007

PUC Talking REC's.

The PUC is convening a public workshop in San Francisco September 5-7 on REC trading and compliance with the RPS.

According to the meeting notice:

“Presentations and discussions will cover the reasons for allowing REC trading, market rules for a REC trading market, and party proposals. Parties from affected proceedings, including R.06-03-004 and R.06-04-009, are encouraged to participate.”

In a bulletin circulated by the law firm Stoel Rives, the firm notes:

“Section 399.16 of the California Public Utilities Code, as amended by SB 107 in 2006, gave the CPUC the discretion to authorize the use of RECs to meet the RPS, subject to certain conditions. One of those conditions was the establishment of a tracking system for credits in the service territory of the Western Electricity Coordinating Council ("WECC"). On June 25, 2007, the Western Renewable Energy Generation Information System (WREGIS), a renewable energy registry and tracking system for the WECC, successfully went online, meeting the requirements of section 399.16.”