Texas Renewable Energy Portolfio - Review
Texas Renewable Energy Portolfio is a Texas law that requires that Power generators produce increasing amouts of renewable energy. In effect, electricity providers (competitive retailers, municipal electric utilities, and electric cooperatives) must collectively generate 2,000 megawatts (MW) of additional renewable energy by 2009. The 2005 Texas Legislature increased the state's total renewable-energy mandate to 5,880 MW by 2015 and a target of 10,000 MW in 2025. Each provider is required to obtain new renewable energy capacity based on the their market share of energy sales times the renewable capacity goal. For example, a competitive retailer with 10 percent of the Texas retail electricity sales in 2009 would be required to obtain 200 megawatts of renewable energy capacity. Texas is the nation's leader in wind energy thanks to our long-term commitment to bolstering renewable energy sources and diversifying the state's energy portfolio. Rick Perry, Texas Governor A Re...