Arizona's Salt River Project (SRP) announced plans this week to review its Sustainable Portfolio Principles, adopted by its Board of Directors in 2004. These principles include goals such as "evaluat[ing] and implement[ing] supply- and demand-side measures that reduce the use of traditional fossil fuels" and "encourag[ing] … the development and use of sustainable energy technologies." The Principles were last reviewed by SRP's Board in 2006.
As a quasi-governmental entity, SRP is not subject to regulation by the Arizona Corporation Commission (ACC), and therefore does not have to follow the ACC's requirement that regulated utilities meet 15% of their retail demand through renewable resources by 2025 (see the ACC's Renewable Energy Standard & Tariff). Instead, SRP's renewable energy goals are determined by its Board of Directors. Although SRP has set a goal to meet 15% of its retail electricity demand through "sustainable resources" by 2025, it counts energy conservation and efficiency measures towards this goal.
As part of its review of its Sustainable Portfolio Principles, SRP will be holding public workshops at its Tempe PERA Club on March 3, March 21, and April 1.