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TABLE 6.1 Mandatory renewable portfolio standards by U.S. state State Arizona California Colorado Connecticut Delaware District of Columbia Hawaii Illinois Iowa Kansas Maine Maryland Massachusetts Michigan Minnesota Missouri Montana Nevada New Hampshire New Jersey New Mexico New York North Carolina Ohio Oregon Details Investor-owned utilities Electric cooperatives and municipal utilities serving more than 40,000 customers T arget Year 15% 2025 33% 2020 30% 2020 10% 2020 27% 2020 25% 2027 20% 2020 40% 2030 25% 2025 105 MW capacity 2000 20% 2020 40% 2017 20% 2022 15% 2020 7.1% 2009 10% 2015 30% 2020 25% 2025 15% 2021 15% 2015 25% 2025 24.8% 2025 20.38% 2021 20% 2020 10% 2020 29% 2015 12.5% 2021 10% 2018 12.5% 2024 25% 2025 10% 2025 5% 2025 18% 2021 16% 2019 5,000 MW capacity 2014 15% 2020 9.55% 2015 New resources Existing resources Xcel Energy Other utilities Investor-owned utilities Rural electric cooperatives Investor-owned utilities Electric cooperatives, municipal utilities Large utilities Small utilities Very small utilities Pennsylvania Rhode Island T exas Washington Wisconsin Sources: USDOE; DSIRE database (accessed November 29, 2012). One industry representative estimates that the RPS motivated approximately $50 billion in investment in the state’s renewable energy sector, including substantial investment from overseas.38 Most RPSs also set up a market for tradable certificates, allowing renewable energy generators to sell certificates representing one MWh of renewable electricity generation. If a large consumer or retailer of electricity is required to meet renewable energy targets 38 Industry representatives, interview by USITC staff, San Francisco, California, November 1, 2012. 6-8PDF Image | Renewable Energy and Related Services: Recent Developments
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