SB 952: State Water Project: renewable energy resources and zero-carbon resources.

Under existing law, it is the policy of the state that eligible renewable energy resources and zero-carbon resources supply 90% of all retail sales of electricity to California end-use customers by December 31, 2035, 95% of all retail sales of electricity to California end-use customers by December 31, 2040, 100% of all retail sales of electricity to California end-use customers by December 31, 2045, and 100% of electricity procured to serve all state agencies by December 31, 2035, as specified. Existing law requires the Department of Water Resources to procure eligible renewable energy resources and zero-carbon resources to satisfy those obligations imposed on the State Water Resources Development System, commonly known as the State Water Project, pursuant to that policy. Existing law requires the department, in conducting procurement, to consider specified factors and requires that all resources procured be used first to meet the departments own electricity needs.

This bill would require the department, in conducting procurement, to consider portfolio diversity, resource type, location, and hours of typical peak operation. The bill would authorize, on and after January 1, 2036, excess procurement, as defined, of eligible renewable energy resources and zero-carbon resources in one year to be applied to any subsequent years obligation, as provided.