California Energy Storage Bill AB 2514 Passes Out Of Assembly
Energy Storage Bill AB 2514 Waits for Governor to Sign into Law by September 30
On August 27th, California Energy Storage Bill AB 2514 passed out of the California State Assembly by a vote of 44-25. AB 2514 now sits in limbo as the Governor has until September 30th, 2010 to sign it into law.
California Energy Storage Bill AB 2514 requires the California Public Utilities Commission (CPUC) to open a proceeding to determine the appropriate targets for each load-serving entity to find cost-effective and viable energy storage systems, by March 1st, 2012. Further, AB 2514 sets a deadline of October 1st, 2013 for CPUC to adopt an energy storage system procurement target to be achieved by each entity by December 31st, 2015 and a second target to be achieved no later than December 31st, 2020.
If California Energy Storage Bill AB 2514 is signed into law, it will be a major step in the journey towards clean and low-cost energy for Californians. The bill also promises to create several new “green-collar” jobs in California. The AB2514 energy storage bill was authored by California State Assembly member Nancy Skinner (D), chair of the Assembly Rules Committee in partnership with California Attorney General Edmund G. Brown Junior.