Renewable energy resources: cost reporting.

Under existing law, the Public Utilities Commission has regulatory authority over public utilities, including electrical corporations, as defined. The California Renewables Portfolio Standard Program (RPS program) requires the commission to implement annual procurement targets for the procurement of eligible renewable energy resources, as defined, for all retail sellers, as defined, to achieve the targets and goals of the program. This bill would, by no later than February 1, 2012, and annually thereafter, require the commission to release to the Legislature the costs of all electricity procurement contracts for eligible renewable energy resources, as specified, and all costs for utility-owned generation approved by the commission, as specified.