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Electric Utility Sustainable Practices, The Cost of Capital: California Example

Electric Utility Sustainable Practices, The Cost of Capital: California Example. Society of Utility and Financial Regulatory Analysts SURFA. 45 th Financial Forum April 18-19, 2013 Indianapolis. Stephen St Marie Public Utility Regulatory Analyst California Public Utilities Commission

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Electric Utility Sustainable Practices, The Cost of Capital: California Example

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  1. Electric Utility Sustainable Practices, The Cost of Capital: California Example Society of Utility and Financial Regulatory Analysts SURFA 45th Financial Forum April 18-19, 2013 Indianapolis Stephen St Marie Public Utility Regulatory Analyst California Public Utilities Commission April 19, 2013

  2. Words of Governor Brown’sInaugural Address • “I have not come here to embrace delay or denial.” • “We can be proud that our state leads the rest of the country in our commitment to new forms of energy and energy efficiency. I have set a goal ….” • “We will grapple with the problems of …our environment.”

  3. “I believe we are at the forefront of a revolution here in California. We are fundamentally changing the way we live our lives. We are moving, awkwardly, but inevitably towards a more sustainable future. It began with the minds and hearts of the people: People who are committed to cleaner air, climate change mitigation, and renewable energy. People who vote for leaders committed to building a cleaner economy. People who vote with their pocketbooks to install roof top solar and drive electric vehicles. People who devote their careers to developing innovative clean technologies. And people who decide to live more frugally. While we haven’t found every policy and technology solution yet, and we haven’t built the infrastructure needed for this revolution to be successful, the revolution has begun.” Words of CPUC President Peevey

  4. Some of California’s Current Policies Smart Meters Demand Response Efforts Renewable Transmission Renewable Portfolio Standard Distributed Generation Renewable Feed-In Tariff Electric Program Investment Charge California Solar Initiative Energy Efficiency Greenhouse Gas Rulemaking (Including Cap & Trade) Community Choice Aggregation

  5. Effect on Cost of Capital? The basic law of California affecting regulation of investor-owned public utilities is The Public Utilities Code To ensure safe and reliable services at just and reasonable rates

  6. Suggested References CPUC Sustainable Utilities En Banc http://www.cpuc.ca.gov/PUC/energy/Climate+Change/CPUC_Sustainable_Utilities_En_Banc.htm California’s Clean Energy Future http://www.cpuc.ca.gov/PUC/energy/Climate+Change/CPUC_Sustainable_Utilities_En_Banc.htm CPUC Energy Reports and White Papers http://www.cpuc.ca.gov/PUC/energy/reports.htm CPUC Policy and Planning Division http://www.cpuc.ca.gov/PUC/aboutus/Divisions/ppd/

  7. Thank you! For Additional Information: www.cpuc.ca.gov Stephen.St.Marie@cpuc.ca.gov 415-703-5173

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