By Portland Business Journal

In a bold policy move last week, a California authority limited the amount of renewable energy credits its utilities can purchase outside the state, raising questions about the future of renewable energy development on its borders, including in Oregon.

The decision comes from the California Public Utility Commission, which issued the rule Jan. 13, effective immediately.

The new rule mandates that in-state utilities purchase 75 percent of the renewable energy credits needed to meet the California's Renewable Portfolio Standard from inside the state. California aims to generate 20 percent of the energy from renewable sources by 2020. ( Oregon's goal is 25 percent by 2025.)

Read the complete story at Sustainable Business Oregon.

Copyright 2011 American City Business Journals

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