REPORT SUPPORTING LIMITED RENEWABLE CREDIT TRADING MAY SPUR LEGISLATION

A new state report that supports short-term inter-utility swapping of renewable energy credits (RECs) and limited trading among utilities and independent power companies may serve as the basis for revised legislation that could be pursued this year or next. REC trading is considered critical for some utilities and energy companies that do not have easy access to renewable sources or face other difficulties in meeting the state's accelerated renewable portfolio standard (RPS). However, the report does warn that measures must...