PROP 7 – RENEWABLE ENERGY GENERATION. INITIATIVE STATUTE.
- Requires utilities, including government-owned utilities, to generate 20% of their power from renewable energy by 2010, a standard currently applicable only to private electrical corporations.
- Raises requirement for utilities to 40% by 2020 and 50% by 2025.
That’s the big part of this proposition. If those goals aren’t met then the utilities get charged a penalty per kilowatt-hour, a max of $25 million per provider per year. Investor-owned utilities and electric service providers (92% of our electricity supply) would be allowed to charge 10% over the market price for electricity. I’m going to go with the opponents of this initiative (pretty much everyone, both Republican and Democrat parties) and vote NO.
My biggest issue is the government meddling in electricity production. Renewable energy production shouldn’t be mandated by anyone but the market. When it becomes cheaper to produce electricity through solar or wind then the market will shift that way. And until renewables are truly ready for prime time we should be filling the gaps with increased nuclear capacity.
did prop 7 even pass? i never found out..
It went down in flames, 35% Yes to 65% No.