California Public Utilities Code

§ 454.5

PUC § 454.5 Effective Jan 1, 2021Div. 1 · Part 1 · Ch. 3 · Art. 1

Statute text

(a)The commission shall specify the allocation of electricity, including quantity, characteristics, and duration of electricity delivery, that the Department of Water Resources shall provide under its power purchase agreements to the customers of each electrical corporation, which shall be reflected in the electrical corporation’s proposed procurement plan. Each electrical corporation shall file a proposed procurement plan with the commission not later than 60 days after the commission specifies the allocation of electricity. The proposed procurement plan shall specify the date that the electrical corporation intends to resume procurement of electricity for its retail customers, consistent with its obligation to serve. After the commission’s adoption of a procurement plan, the commission shall allow not less than 60 days before the electrical corporation resumes procurement pursuant to this section.

(b)An electrical corporation’s proposed procurement plan shall include, but not be limited to, all of the following:

(1)An assessment of the price risk associated with the electrical corporation’s portfolio, including any utility-retained generation, existing power purchase and exchange contracts, and proposed contracts or purchases under which an electrical corporation will procure electricity, electricity demand reductions, and electricity-related products and the remaining open position to be served by spot market transactions.

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Legislative history

Amended by Stats. 2020, Ch. 370, Sec. 250. (SB 1371) Effective January 1, 2021.