California Sets Two Records Regarding Solar Power Production

LCG, March 8, 2018--The California Independent System Operator (CAISO) recorded an all-time peak percentage of demand served by solar energy facilities on Sunday, achieving a record 49.95 percent at 12:58 p.m. The prior peak record was 47.2 percent set on May 14, 2017.

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ERCOT Expects Record-breaking Peak Demand this Summer

LCG, March 2, 2018--The Electric Reliability Council of Texas (ERCOT) yesterday released its final Seasonal Assessment of Resource Adequacy (SARA) report for the upcoming spring season (March - May) and its preliminary assessment for the summer season (June - September). ERCOT, the grid operator for most of Texas, is predicting record-breaking peak usage this summer driven by the strong Texas economy. The combination of record-breaking peak usage and the recent retirement of older electric generating units is expected to result in tight operating reserves.

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Industry News

California Governor Schwarzenegger Approves Global Warming Legislation

LCG, September 28, 2006--California Governor Arnold Schwarzenegger yesterday approved Assembly Bill 32, or the "Global Warming Solutions Act of 2006." The legislation includes a statewide cap on greenhouse gas (GHG) emissions from electric utilities, refineries, and other selected industries. The goal is to reduce GHG emissions 25% by 2020 in order to alleviate concerns of global warming that may be caused by such emissions.

The legislation is scheduled to be implemented in 2012. The California Air Resources Board will be responsible for developing the regulations, including an as-yet-to-be defined trading system, plus a mandatory reporting system to track emissions from the many sources.

The bill would allow for the governor to defer the cap deadline for one year in the event of extraordinary circumstances.

Related legislation awaiting the Governor's action is Senate Bill
1368, which is designed to prevent California utilities from executing long-term power purchase agreements for electricity from facilities that do not meet California's GHG standards.
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