Despite Fears, New Renewables Are Not Bankrupting California

Until recently, the potential rate impact of all the new contracts for renewable energy being added to meet California’s Renewable Portfolio Standard since 2006 has been a matter of some concern. According to the Division of Ratepayer Advocates in early 2012, an estimated $20.8 billion will have been spent in California on contracts for new renewable generation by 2020, and the rate impact was a big unknown.

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