Electricity: customer renewable energy subscription program.

Existing law vests the Public Utilities Commission (PUC) with regulatory authority over public utilities, including electrical corporations. Existing law requires the PUC, on or before March 31, 2024, to evaluate each customer renewable energy subscription program to determine if the program meets specified goals and to determine whether it would be beneficial to ratepayers to establish a new tariff or program for an electrical corporation, or modify an existing tariff or program administered by an electrical corporation, to establish a community renewable energy program, as provided. If the PUC determines that it would be beneficial to ratepayers to establish the community renewable energy program, existing law requires the PUC, on or before July 1, 2024, to establish the program and require each electrical corporation to participate in the program. This bill would revise the requirements of the customer renewable energy subscription program, as provided, among other things, to promote participation by low-income customers at levels commensurate with the opportunity to certain customer-generators, to provide bill credits to subscribers based on the avoided costs of a community renewable energy generators, as defined, participating in the program if the community renewable energy generator is determined to be a load modifying resource, to require all community renewable energy generators participating in the program to have no more than 5 megawatts of generation capacity and no more than 5 megawatts of energy storage, and to limit the total program capacity to 4 gigawatts or end the enrollment of new community renewable energy generators in the program after 7 years, whichever occurs first. The bill would require the State Energy Resources Conservation and Development Commission (Energy Commission) , on or before December 1, 2027, to evaluate the load modifying potential of community renewable energy generators and identify attributes that the Energy Commission wou