27 Jun '14, 1pm

California Bill Approved in Assembly Utilities and Commerce Committee to Advance Geothermal

California Bill Approved in Assembly Utilities and Commerce Committee to Advance Geothermal

WASHINGTON D.C. -- On June 23, the California Assembly Committee on Utilities and Commerce approved SB 1139 by a 8-5 vote and now heads to Assembly Appropriations Committee. The bill requires energy retailers to procure a combined 500 MW of geothermal power by 2024, and has been passed in the Senate. In a press release , co-author of the bill Senator Ben Hueso (D-San Diego) said: “SB 1139 has the potential to generate $38M per year in local revenue, hundreds of high paying jobs and investments toward meaningful economic development. All of these benefits, resilience, and reliability to our current energy system for a small procurement of less than 1% of the current energy portfolio,” said Senator Hueso. “This bill creates the kind of smart development needed in California to produce jobs, protect against fuel price increases and reduce greenhouse gas and fossil fuel emissi...

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

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