in News Departments > Policy Watch
print the content item

Sens. Mark Udall, D-Colo., and Tom Udall, D-N.M., have introduced legislation to establish a federal renewable portfolio standard (RPS) that would require electric utilities to produce 25% of their electricity from wind, solar and other renewable energy sources by 2025.

The bill would initiate a federal minimum standard mandating retail energy suppliers to diversify their portfolios with the first requirement of 6% for 2012, and consistently increase thereafter until meeting the 2025 goal.

The bill is based on legislation introduced in the House of Representatives in 2002 by a bipartisan team led by the Udalls and Rep. Todd Platts, R-Pa. Their work helped build a coalition in the House that won passage of an RPS amendment in 2007. That amendment stalled in the Senate later in 2007.

Studies have shown that a national RPS requiring electric utilities to diversify their portfolios with wind, solar, biomass, hydrokinetic and other renewable energy sources would create jobs, reduce energy bills and strengthen energy security.

Municipal and other publicly owned power plants and rural electric co-ops would be exempt from the requirements.

SOURCE: Office of Sen. Mark Udall



Trachte Inc._id1770
Latest Top Stories

Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.

Canwea_id1984
Hybrid Energy Innovations 2015
Renewable NRG_id1934