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Senate Bill 1036 (2007) c. 685

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SB 1036, c. 685:  Renewable energy resources. Deletes the authority for the California Energy Commission (CEC) to award Supplemental Energy Payments (SEPs) for the above-market cost of renewable power and instead authorizes the California Public Utilities Commission (PUC) to allow the investor-owned utilities (IOUs) to pay renewable developers for above-market costs as approved by PUC with a cap on the total amount of above-market costs an IOU must pay set at a level equal to the maximum SEP payments that would have been allowed for each investor-owned utility.