2. Background
Southern California Edison Company (SCE) is an investor-owned public utility operating an interconnected and integrated electric utility system that generates, transmits, and distributes electric energy in portions of Central and Southern California.2 In addition to its California properties, SCE separately or jointly owns facilities in Nevada, Arizona, and New Mexico that produce power and energy for use in California.
The estimated cost of the Proposed Project is $73.4 million, expressed in nominal dollars.
The proposed project would assist the State of California in meeting the state's Renewables Portfolio Standards and Greenhouse Gas emissions reduction requirements, including the requirements set forth in Senate Bill (SB) 1078 (California Renewables Portfolio Standard Program), Assembly Bill (AB) 32 (California Global Warming Solutions Act of 2006), and SB XI-2, signed into law on Tuesday April 12, 2011, raising California's renewables portfolio standard to 33%. It is anticipated that the proposed project will qualify for stimulus funds available through the American Recovery and Reinvestment Act (ARRA).
2 SCE's service territory is located in 15 counties in Central and Southern California, consisting of Fresno, Imperial, Inyo, Kern, Kings, Los Angeles, Madera, Mono, Orange, Riverside, San Bernardino, Santa Barbara, Tulare, Tuolumne and Ventura Counties, and includes approximately 179 incorporated communities and outlying rural territories. SCE also supplies electricity to certain customers for resale under tariffs filed with the Federal Energy Regulatory Commission.
