California Governor: 50% of Electricity from Renewables by 2030

SUGAR LAND--January 26, 2015--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Renewable energy supporters welcomed California Governor Jerry Brown's pledge to increase the state's renewable portfolio standard (RPS) to 50% by 2030, an aggressive increase from the current level of 33% by 2020. But utilities reacted more cautiously to the governor's vision, which was delivered January 5 as Democrat Brown began his fourth and final four-year term as California's governor. Within this article: Details on the latest renewable energy power plan for California. Additional companies: Sempra Energy (NYSE:SRE), PG&E Corporation (NYSE:PGC), Edison International (NYSE:EIX)