Last week, California Governor Jerry Brown signed the Clean Energy and Pollution Reduction Act of 2015.  The law establishes ambitious energy efficiency and renewable energy goals for California, including increasing from 33% to 50% the procurement of California’s electricity from renewable sources and doubling the energy efficiency savings through energy efficiency and conservation.

Key provisions of the new law:

  • Renewable Energy: California’s existing Renewables Portfolio Standards Program aims to increase the amount of electricity generated from renewable energy sources to at least 33% by December 31, 2020.  The new law increases that renewable energy target to 50% by December 31, 2030, with interim targets of 40% by the end of 2024 and 45% by the end of 2027.
  • Energy Efficiency: The new law requires the California’s Energy Resources Conservation and Development Commission to set annual targets for statewide energy efficiency savings, with the goal of doubling of statewide energy efficiency savings in electricity and natural gas final end uses of retail customers (such as homes, businesses and factories) by January 1, 2030.  California’s Public Utilities Commission must establish efficiency targets for electrical and gas corporations consistent with this goal.
  • California Independent Systems Operator (“ISO”): Current law requires the ISO to ensure efficient and reliable operation of California’s electrical transmission grid.  The new law provides for the transformation of the California ISO into a regional organization to promote the development of regional electricity transmission markets in the western states.  Specifically, the new law requires the ISO to propose governance modifications to accomplish this goal, which must be approved and implemented by the state legislature.
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Photo of Ingrid Rechtin Ingrid Rechtin

Ingrid Rechtin assists clients in the evaluation, structuring, negotiation and implementation of mergers and acquisitions and other complex strategic transactions and partnering arrangements.

With over 20 years of experience, she provides strategic legal advice to public and private companies in a diverse range…

Ingrid Rechtin assists clients in the evaluation, structuring, negotiation and implementation of mergers and acquisitions and other complex strategic transactions and partnering arrangements.

With over 20 years of experience, she provides strategic legal advice to public and private companies in a diverse range of industries, including technology, energy, life sciences, gaming, consumer goods and manufacturing sectors, ranging from start-ups to global corporations, supporting clients in achieving their strategic goals while managing legal risks.

Ingrid advises clients on joint ventures, stock and asset acquisitions, option deals, product divestitures, global internal restructurings (including both pre-deal separation and post-merger integration projects), venture capital financings and other strategic investments, complex commercial transactions and general corporate matters, and has deep experience structuring and navigating cross-border transactions. She also has extensive experience in strategic investments in IP, including acquisitions and divestitures of patent portfolios and complex patent monetization transactions.

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Photo of Mark D. Herman Mark D. Herman

Mark Herman advises companies on insurance coverage and represents them in coverage litigation against their insurers.

Mark has helped clients recover hundreds of millions of dollars for a wide variety of losses and liabilities, including products liability and mass tort litigation, securities litigation…

Mark Herman advises companies on insurance coverage and represents them in coverage litigation against their insurers.

Mark has helped clients recover hundreds of millions of dollars for a wide variety of losses and liabilities, including products liability and mass tort litigation, securities litigation, professional liability claims, property losses and business interruption, and cyber events. He has also advised clients on aviation, trade credit, political risk, and representation and warranty (R&W) insurance claims. Mark’s clients have included public and private companies in the life sciences, financial services, energy, and aerospace sectors, private equity firms, non-profits, and individuals.

Mark has successfully represented clients in trial and appellate litigation, including arguing and winning motions for summary judgment on key coverage issues. He also helps clients avoid litigation by navigating the insurance claim process and counseling clients in settlement negotiations and mediation. Mark also advises clients on insurance and risk management issues, including policy placements.

For his successful representation of his policyholder clients, Mark has been recognized by Law360 as an “Insurance MVP” and a “Rising Star.” He has also been recognized twice in AmLaw’s “Litigator of the Week” column.

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