This is an excerpt from EERE Network News, a weekly electronic newsletter.
California Power Authority Issues Resource Investment Plan
California's Consumer Power and Conservation Financing Authority released its energy resource investment plan last week. Based on a number of gaps in the state's electricity supply — including inadequate reserves of electrical capacity, an inadequate diversity of fuels to provide the state's power, and a lack of power choices for the state's consumers — the power authority proposes a "cost-effective energy resource investment strategy" based on "an aggressive investment in energy efficiency and renewable energy resources." The power authority proposes to provide 3,500 megawatts of reserve electrical capacity by 2006 through investments in energy efficiency, electrical load management, clean forms of distributed generation, and renewable energy. By issuing bonds for up to $5 billion, the authority plans to finance a variety of projects, including 1,275 megawatts of new generating capacity powered by renewable energy.
The power authority's investment plan was approved by its board last Thursday and sent on to the California legislature. See the power authority's Energy Resource Investment Plan (PDF 1.30 MB) Download Acrobat Reader.