1. ++++++++++++++ ++++++++++++++ Implications of State Climate Change Policies for the Utility Sector Josh Bushinsky State Solutions Fellow Pew Center on Global Climate Change September 24, 2004

2. ++++++++++++++ ++++++++++++++ The landscape of state policies State authority Restructuring Direct and indirect GHG emission reductions –Renewable Energy Mandates –Net Metering –Public Benefit Funds –Green pricing –Regional initiatives

3. ++++++++++++++ ++++++++++++++ Renewable Energy Mandates WI: 2.2% by 2011 TX: 2000 MW new by 2009 PA: varies by utility NJ: 6.5% by 2008 CT: 10% by 2010 MA: 4% new by 2009 ME: 30% by 2000 NM: 10% by 2011 MN: Xcel 1125 MW wind by 2010 AZ: 1.1% by 2007 CA: 20% by 2017 NV: 15% by 2013 IA: 105 MW States with renewable energy mandates States with mandates under consideration MD: 7% by 2017 HI: 20% by 2020 NY: 24% by 2013

4. ++++++++++++++ ++++++++++++++ Net Metering Rules

5. ++++++++++++++ ++++++++++++++ Public Benefit Funds Funds that support energy efficiency Funds that support energy efficiency and renewable energy Funds in development

6. ++++++++++++++ ++++++++++++++ Green Pricing Programs Mandatory Green Pricing Programs

7. ++++++++++++++ ++++++++++++++ Regional Initiatives States participating in RGGI States observing the RGGI process States participating in the West Coast Governors’ Initiative and WREGIS States participating in WREGIS

8. ++++++++++++++ ++++++++++++++ Opportunities and Challenges Opportunities –New Markets Renewable Energy Credits Offsets for RGGI, OR, WA –Policy innovation Challenges –Potential for “patchwork” –Uncertainty for investment decisions

9. ++++++++++++++ ++++++++++++++ Looking forward Utility engagement with state and regional initiatives Incorporate lessons from the states Comprehensive federal policy

10. ++++++++++++++ ++++++++++++++ For More Information www.pewclimate.org

11. ++++++++++++++ ++++++++++++++