Electricity: electrical corporation procurement plans: resource portfolio.

Existing law vests the Public Utilities Commission with regulatory authority over public utilities, including electrical corporations. Existing law requires the commission to identify a diverse and balanced portfolio of resources needed to ensure a reliable electricity supply that provides optimal integration of renewable energy in a cost-effective manner. Existing law requires the portfolio to rely upon zero-carbon-emitting resources to the maximum extent reasonable and be designed to achieve the statewide greenhouse gas emissions limit. This bill would specify that a diverse and balanced portfolio of resources includes an appropriate mix of renewable capacity, including peaking, dispatchable, baseload, firm, and as-available capacity.