State Not On Track To Meet Renewable Energy Goals

SAN FRANCISCO (AP) - State regulators are warning that California's electric utilities won't meet state-mandated goals to expand use of renewable energy if Congress doesn't extend tax credits for wind and solar power.

The state's large investor-owned utilities are supposed to generate 20 percent of the power they sell from renewable energy sources by 2010.

But a report released Friday by the California Public Utilities Commission says the utilities probably won't reach that goal until 2012 or 2013 because not enough new wind farms or solar power plants aren't being built.

The report says many projects won't be built if tax credits for renewable power developers aren't extended after they expire at the
end of this year.

Information from: San Francisco Chronicle,

(Copyright 2008 by The Associated Press. All Rights Reserved.)

AP-NY-08-02-08 1339EDT

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