Renewable Portfolio Standard Bill
  WASHINGTON, DC, March 13, 2003 - Rep. Tom Udall (D-NM) introduced H.R. 1294, a bill to amend title VI of the Public Utility Regulatory Policies Act of 1978 to establish a Federal renewable energy portfolio standard for retail electric utilities that generate more than 1 million megawatt hours of electricity a year. The bill requires that the utilities generate 20% of their electricity from renewable sources by 2025, beginning with 1% in 2006 and going up 1% per year thereafter.

The bill sets up renewable energy credits that utility companies can earn, purchase, or borrow.

The bill was referred to the House Committee on Energy and Commerce. (members)

The bill was introduced by the following Representatives:

Mark Udall (D-CO)
Henry Waxman (D-CA)
George Miller (D-CA)
John Tierney (D-MA)
Major Owens (D-NY)
Maurice Hinchey (D-NY)
Benjamin Cardin (D-MD)
Howard Berman (D-CA)
Jim Leach (R-IA)
Frank Pallone (D-NJ)