RELATING TO RENEWABLE PORTFOLIO STANDARDS.

SB 1499 repeals the Public Utilities Commission's authority to impose fines on electric utility companies that fail to meet renewable energy targets set by existing law. This directly affects utility companies required to source a specific percentage of electricity from renewable sources. The bill removes the financial penalty mechanism for non-compliance but does not change the renewable energy requirements themselves. It is a straightforward policy change that alters enforcement, not the underlying standards.