California increases RPS from 20% to 33%
On November 17, 2008, Governor Schwarzenegger signed Executive Order S-14-08, revising California's existing Renewable Portfolio Standard (RPS) upward to require all retail sellers of electricity to serve 33% of their load from renewable energy sources by 2020.
Although this is good news from a renewable energy perspective, changing things mid-stream is not ethical, and will cause all kinds of problems. It's similar to having the wind investment tax credit expire every year. Makes no sense. We need to set fixed-requirements, then let the prepar for, and then market deal with it. In a logical, planned manner!