California AB34 modifies the Renewables Portfolio Standard Program for local publicly owned electric utilities, particularly those with significant.

California AB34 amends the Renewables Portfolio Standard Program to adjust renewable energy procurement requirements for local publicly owned electric utilities. Specifically, it exempts utilities with over 40% of retail sales from large hydroelectric generation from exceeding certain renewable energy procurement limits. It also allows utilities with more than 67% of their electricity from hydroelectric sources to adjust their procurement targets.

California AB34 modifies the Renewables Portfolio Standard Program for local publicly owned electric utilities, particularly those with significant.

California AB34 amends the Renewables Portfolio Standard Program to adjust renewable energy procurement requirements for local publicly owned electric utilities. Specifically, it exempts utilities with over 40% of retail sales from large hydroelectric generation from exceeding certain renewable energy procurement limits. It also allows utilities with more than 67% of their electricity from hydroelectric sources to adjust their procurement targets.