Encourages development of distributed energy resources and sets renewable energy targets for utilities.

The bill aims to support the development of distributed energy resources and establish renewable energy targets for qualifying utilities. It mandates that utilities identify their achievable cost-effective conservation potential and set biennial acquisition targets for conservation. The bill also requires utilities to use eligible renewable resources or acquire equivalent renewable energy credits to meet annual targets, starting at three percent of their load by January 1, 2012, increasing to 15 percent by January 1, 2020.

Encourages development of distributed energy resources and sets renewable energy targets for utilities.

The bill aims to support the development of distributed energy resources and establish renewable energy targets for qualifying utilities. It mandates that utilities identify their achievable cost-effective conservation potential and set biennial acquisition targets for conservation. The bill also requires utilities to use eligible renewable resources or acquire equivalent renewable energy credits to meet annual targets, starting at three percent of their load by January 1, 2012, increasing to 15 percent by January 1, 2020.