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[California Energy Commission Letterhead]
 

Implementation of Renewables )      Docket No. 02-REN-1038
Investment Plan Legislation )      Renewable Energy Program
  )      NOTICE OF BUSINESS MEETING
  )      RE: Reallocation of Funds to the
_________________________________________ )      Emerging Renewables Program


Notice to Consider Approval of Reallocation of $31.5 Million to
the Emerging Renewables Program



The California Energy Commission will hold a regularly scheduled Business Meeting on:

WEDNESDAY, MAY 23, 2007
10 a.m.
CALIFORNIA ENERGY COMMISSION
1516 Ninth Street
First Floor, Hearing Room A
Sacramento, California
(Wheelchair Accessible)

Audio from this meeting will be broadcast over the Internet.
For details, please go to:
www.energy.ca.gov/webcast/

As part of the May 23, 2007, Business Meeting, the Energy Commission will consider reallocating $31.5 million to the Emerging Renewables Program (ERP) from Renewable Energy Program funding sources as indicated below. The reallocation of these funds will allow the ERP to continue making reservations and payments for the purchase and installation of renewable energy systems, and to avoid major market and funding disruptions.

Funding SourceReallocation Amount
SB 90 Funds

  • New Renewable Resources Account funds remaining from
    projects whose 5-year collection period has ended.
  • New Renewable Resources Account funds from projects that
    never came online and whose Funding Award Agreements
    subsequently expired as of 1/1/07.

$1,500,000


$27,000,000

Interest Earnings
The Renewable Resource Trust Fund collects interest on the
money in the fund and the Energy Commission has the authority to
reallocate these dollars. Interest earnings have previously been
reallocated to the ERP.

$3,000,000

TOTAL REALLOCATION $31,500,000

As of April 2007, the Emerging Renewables Program has provided rebates totaling over $344 million on about 23,900 installed photovoltaic and wind energy systems. This represents approximately 103.3 megawatts of distributed capacity. Over $80 million is encumbered for over 5,000 additional systems under construction to provide 30 megawatts of added capacity.

Historically, the program has experienced volume spikes when rebate levels are about to drop, and in anticipation of the July 1, 2006, drop in the rebate level, a record number of more than 3,300 reservations were received in June 2006. An additional spike occurred in December 2006 as customers anticipated the replacement of the ERP's solar component by the California Solar Initiative (administered by the California Public Utilities Commission) and submitted more than 2,700 rebate applications. Due to the increased volume in applications for December 2006, the ERP needs additional funds to avoid major market and funding disruptions.

The Energy Commission's Renewables Committee recommends this reallocation of Renewable Resource Trust Fund money pursuant to Public Resources Code section 25748 (b), which requires 1) that the reallocation be consistent with the Energy Commission's 2001 Renewable Energy Investment Plan (Investing in Renewable Electricity Generation in California, June 2001) and the Energy Commission's latest annual report to the Legislature pursuant to Public Resources Code section 25748, 2) that the reallocation not increase the SB 1038 funding for the Existing Renewable Facilities Program, and 3) that the reallocation not decrease the SB 1038 funding for the New Renewable Facilities Program. The proposed reallocation of funding comports with section 25748 (b), is consistent with the Energy Commission's Renewable Energy Investment Plan and latest annual report to the Legislature (both of which identify the need to reallocate funds based on current and anticipated market conditions and program needs), and does not increase the amount of SB 1038 funding for the Existing Renewable Facilities Program nor decrease the amount of SB 1038 funding for the New Renewable Facilities Program. The reallocation shall take effect once approved by the Energy Commission at a publicly noticed meeting.

Written Comments

The Energy Commission encourages members of the public to submit written comments on the proposed reallocation in advance of the Business Meeting. An original and 10 copies of any comments filed by mail or in person should be provided to the Energy Commission's Docket Unit. Parties may also file a single copy electronically with the Docket Unit and follow up with an original copy by mail. If you are providing written comments at the Business Meeting, please make an additional 50 copies available at the beginning of the meeting.

Please send or deliver written materials to:

California Energy Commission
Re: Docket No. 02-REN-1038
Docket Unit, MS-4
1516 Ninth Street
Sacramento, CA 95814-5504
E-Mail: docket@energy.state.ca.us

All written materials filed with the Docket Unit will become part of the public record in this proceeding.

Public Participation

The Energy Commission's Public Adviser provides the public assistance in participating in Energy Commission activities. If you would like information on how to participate in this meeting, please contact the Public Adviser's Office by phone at (916) 654-4489 or toll free at (800) 822-6228, by FAX at (916) 654-4493, or by e-mail at pao@energy.state.ca.us. If you have a disability and require assistance to participate in this meeting, please contact Lou Quiroz at (916) 654-5146 at least five days in advance.

If you have technical questions concerning the subject matter of this notice, please contact Mark Hutchison by phone at (916) 654-6718 or by e-mail at mhutchis@energy.state.ca.us. News media inquiries should be directed to Claudia Chandler, Assistant Executive Director, at (916) 654-4989, or by e-mail at mediaoffice@energy.state.ca.us.



commissioner signature
commissioner signature
JOHN L. GEESMAN
Commissioner and Presiding Member
Renewables Committee
JACKALYNE PFANNENSTIEL
Chairman and Associate Member
Renewables Committee


Date Posted: 05/14/2007

Mass Mail Lists:
5504 New Renewables 5505 Emerging Renewables

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