The California Public Utilities Commission (CPUC) has issued a new Order Instituting Rulemaking (R.20-08-022) to examine options for helping residential, commercial, agricultural and industrial utility customer investment in clean energy technology. Financing strategies will become increasingly important as California aims to decarbonize the retail delivery of electricity by the year 2045 under Senate Bill 100. The new rulemaking will “ensure that new options will be accessible to populations that face issues of creditworthiness and barriers to accessing affordable capital.”
The rulemaking will examine the following, and invites parties to suggest additional mechanisms to support customer investments in clean energy:
The scope of the proceeding is intended to be “very open-ended” and the CPUC seeks comments about how to best target and scope the proceeding to result in maximum benefit to customers in California. "Ultimately, we hope to identify several options that can be scaled to address large parts of both the residential and non-residential customer sectors in California." Opening comments on the rulemaking are due October 5, 2020, reply comments October 19, 2020.
Contact: Lynn Haug or Samantha Neumyer