PWP Exceeds State Renewable Energy Targets
PWP continues to reduce carbon resources from its energy portfolio and increase investments in renewable and zero-carbon resources that balance operational reliability, fiscal responsibility, and environmental stewardship. At the end of Calendar Year (CY) 2022, we achieved *Renewable Portfolio Standard (RPS) of 40 percent, exceeding California’s 38.5% target. Through focused resource planning, we remain well-positioned to meet the “100% by 2045” target mandated by Senate Bill (SB) 100, as well as the accelerated interim targets established in 2022 by SB 1020.
In addition to progress toward State targets, the Pasadena City Council passed a resolution on January 30, 2023, setting a policy goal to source 100% of Pasadena's electricity from carbon free sources by the end of 2030. The Power Integrated Resource Plan (IRP) process is being utilized to plan multiple approaches to achieving this goal while optimizing affordability, rate equity, stability, and reliability of electricity.
* RPS is the percentage of a utility's retail sales that are met by eligible renewable and zero carbon electricity products.
Assembly Bill 162 (Statute of 2009) and SB 1305 (Statute of 1997) require retail electricity suppliers to disclose information to California consumers about the energy resources used to generate the electricity supplied to customers. PWP provides this information annually through its Power Content Label (PCL), an illustrated summary of the resources that comprise Pasadena’s power supply portfolio. The PCL is updated annually by the California Energy Commission (CEC).
The PCL differs from RPS in that it represents generation associated only with the subject year. RPS, conversely, is measured in multi-year compliance periods that include specific annual targets, disposition requirements, and contract term commitments. Moreover, in December 2019, the CEC modified the calculation methodology of the PCL for utilities. Specifically, Portfolio Content Category (PCC) 3 or Unbundled Renewable Energy Credits (RECs), which qualify to satisfy a portion of the requirements under the RPS Regulation, are no longer incorporated into the Eligible Renewable category of the PCL. The segregation of PCC-3, in addition to the generation timing difference, contributes significantly to the variance between PCL and RPS.
PWP Green Power Program
PWP customers can opt for a cleaner, greener energy mix of 100% renewable energy resources through the Green Power Program.
To learn more about our energy resources and sustainability efforts, visit our A Sustainable Future webpage.