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

Six Key Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.


IRS Issues More PTC Guidance, Easing Some Wind Industry Concerns

The Internal Revenue Service (IRS) addresses how much work is needed on a wind farm to satisfy production tax credit (PTC) eligibility.

Renewable NRG_id1934
Canwea_id1984
Tower Conference_id1965