Under
the
state’s
Renewable
Portfolio
Standard
(RPS),
utilities
must
obtain
20%
of
their
electricity
from
renewables.
Flexible
compliance
rules
give
the
utilities
a
grace
period
of
up
to
three
years
before
facing
penalties
for
falling
short
of
the
target.
The
California
Public
Utilities
Commission
(CPUC)
estimates
that
the
three
IOUs
–
Pacific
Gas
&
Electric
(PG&E),
Southern
California
Edison
(SCE)
and
San
Diego
Gas
&
Electric
(SDG&E)
–
will
reach
the
20%
target,
in
aggregate,
before
the
end
of
2012.
- SCE,
the
nation’s
leading
utility
buyer
of
solar
energy,
was
closest
to…
