1. Renewable Portfolio Standards Update: 2012’s Compliance Modifications, Progress and Prognostications Renewable Energy Markets Association Webinar March 6, 2012 Justin Barnes North Carolina Solar Center Justin_barnes@ncsu.edu

2. RPS Policies Renewable portfolio standard Renewable portfolio goal www.dsireusa.orgwww.dsireusa.org / February 2012 Solar water heating eligible * † Extra credit for solar or customer-sited renewables Includes non-renewable alternative resources WA: 15% x 2020* CA: 33% x 2020 NV : 25% x 2025* AZ: 15% x 2025 NM: 20% x 2020 (IOUs) 10% x 2020 (co-ops) HI: 40% x 2030 Minimum solar or customer-sited requirement TX: 5,880 MW x 2015 UT: 20% by 2025* CO: 30% by 2020 (IOUs) 10% by 2020 (co-ops & large munis)* MT: 15% x 2015 ND: 10% x 2015 SD: 10% x 2015 IA: 105 MW MN: 25% x 2025 (Xcel: 30% x 2020) MO: 15% x 2021 WI : Varies by utility; ~10% x 2015 statewide MI: 10% & 1,100 MW x 2015* OH : 25% x 2025 † ME: 30% x 2000 New RE: 10% x 2017 NH: 23.8% x 2025 MA: 22.1% x 2020 New RE: 15% x 2020 (+1% annually thereafter) RI: 16% x 2020 CT: 27% x 2020 NY: 29% x 2015 NJ: 20.38% RE x 2021 + 5,316 GWh solar x 2026 PA: ~ 18% x 2021 † MD: 20% x 2022 DE: 25% x 2026* DC: 20% x 2020 NC : 12.5% x 2021 (IOUs) 10% x 2018 (co-ops & munis) VT: (1) RE meets any increase in retail sales x 2012; (2) 20% RE & CHP x 2017 KS: 20% x 2020 OR : 25% x 2025 (large utilities )* 5% - 10% x 2025 (smaller utilities) IL: 25% x 2025 29 states + DC and PR have an RPS (8 states have goals) 29 states + DC and PR have an RPS (8 states have goals) OK: 15% x 2015 PR: 20% x 2035 WV: 25% x 2025* † VA: 15% x 2025* DC IN: 15% x 2025 †

3. State2009 MWh Obligation2010 MWh Obligation2009 (% Comp)2010 (% Comp)2012 % Obligation2013 % Obligation AZ824,4301,015,85890%93% 3.50%4.00% CA29,537,50134,116,20189%86% 20.00% CO1,646,8991,520,066100%99% 15.00% (IOUs) CTno data 16.00%17.00% DC591,576699,887100% 7.50%9.00% DE291,451410,618100%99% 8.50%10.00% HI0957,857n/a100% 10.00% IA295,800 100% 105 MW IL2,283,3832,747,874100% 7.00%8.00% KS00n/a 10.00% MA3,096,2745,468,56382%74% 14.10%15.10% MD2,770,3533,539,778100% 9.00%10.70% ME3,514,0433,832,365100% 35.00%36.00% MI00n/a 5.60%6.80% MN3,860,2557,093,647100% 18% (Xcel); 12% MO00n/a 2.00% MT346,261692,167100%98% 1.00% NC024,867n/a100% 3.00% (IOUs) NH608,000830,34793%90% 10.65%11.70% NJ5,733,6336,841,21399%100% 9.64% (non-solar)10.48% (non-solar) NM852,285858,705100% 10.00% NV3,551,8153,493,644100% 15.00%18.00% NY4,868,8493,061,94861%96% 4.54% (new)5.60% (new) OH333,809602,196100% 1.50%2.00% OR00n/a 5.00% PA829,374no data100%no data 10.22%10.72% RI316,424no data100%no data 6.50%7.50% TX6,799,3479,053,544100% 3,384 MW WA00n/a 3.00% WI2,501,9153,850,101100% 5.55% Sources: MWh and compliance % data from Lawrence Berkeley National Lab; 2012 and 2013 compliance obligations from DSIRE.

4. Items of Interest in 2012 CA – adding publicly-owned utilities increases the load covered substantially (~75% to 98%); additional REC sale opportunities NM – Current rulemaking could revise the resource “diversity” requirements within the RPS, revise cost calculations MA – Biomass regulations/adjustments for facility efficiency…replication in other states? IL – Implementation of DG carve-out; IPA stakeholder proceedings established MO – PSC has established working group for rule clarifications OH – Analysis of cost-cap compliance for FirstEnergy

5. Trends and Issues Policy scrutiny/review and analysis (CT, ME, MN, MI) Influence of established cost caps on achievement of standard (OH, NM, CO, AZ) Role of long-term contracts in REC procurement (NJ, CT, RI, IL, OH, PA, NH) Renewable resource definitions (many) Interest in offshore wind (NJ, DE, MA, RI, ME, MD?)

6. Want Updates? Monthly RPS quasi-newsletter Email: justin_barnes@ncsu.edu