26120.
(a) (1) The renewable, environmental, or resource adequacy attributes procured by the authority shall result in adjustments to specific compliance obligations for any load-serving entity or retail seller whose retail customers are charged for the costs incurred to procure those attributes.(2) The retirement of renewable energy credits associated with electricity procured from eligible renewable energy resources by the authority shall be used to reduce the obligations of retail sellers pursuant to the California Renewables Portfolio Standard Program (Article 16 (commencing with Section 399.11) of Chapter 2.3 of Part 1 of Division 1 of the Public Utilities Code). Reduction in compliance obligations shall apply to all of the following:
(A) The procurement quantity requirements established pursuant to subdivision (b) of Section 399.15 of the Public Utilities Code.
(B) The portfolio content category requirements established pursuant to subdivision (b) of Section 399.16 of the Public Utilities Code. Reduction shall be based on the original portfolio content category of the procurement conducted by the authority.
(C) The contract duration requirement pursuant to subdivision (b) of Section 399.13 of the Public Utilities Code. Reduction shall be based on the original contract duration procurement conducted by the authority for newly developed resources.
(3) Any resource adequacy attributes procured by the authority shall be used to reduce the requirements applied to load-serving entities bearing the costs of the procurement pursuant to Section 380 of the Public Utilities Code.
(b) Except for the voluntary procurement of eligible renewable energy resources conducted pursuant to subdivision (f) of Section 399.13 of the Public Utilities Code, the commission shall ensure that procurement by the authority and the adjustment pursuant to this section of a retail seller’s compliance obligations do not do any of the following:
(1) Infringe on the flexibility of a load-serving entity or retail seller to procure electricity resources to serve end-use customer loads.
(2) Prevent a load-serving entity or retail seller from voluntary overcompliance with a state standard or requirement.
(3) Affect the calculation of emissions of greenhouse gases attributable to the procurement of a load-serving entity or retail seller
(4) Affect reporting by retail suppliers under the power source disclosure program pursuant to Section 398.4 of the Public Utilities Code.