Florida has no statewide renewable portfolio standard (RPS). In July 2008 former Governor Charlie Crist signed HB 7135 into law, which directed the Florida Public Service Commission (PSC) to develop an RPS by early 2009. But even though the PSC submitted a draft plan to the state legislature, the body has yet to approve the plan.
The draft plan calls for investor owned utilities to produce 20 percent of their electricity from renewable sources by 2012. The PSC also capped compliance costs of compliance at two percent of each utility’s annual retail revenues. In addition to the cost cap, the draft plan allows utilities for “reasonable and prudent” cost recovery. Municipal and cooperative electric utilities are only required to report annually on their efforts to increase their use of renewable energy.
Some Florida municipalities have their own RPS programs. For example, in 1999 the Jacksonville Energy Authority, the municipally owned and operated electric utility for the city of Jacksonville, Florida, implemented a program to generate 7.5 percent of its electricity from renewable sources by 2015.
Sources: Florida Public Service Commission, Database of State Incentives for Renewables and Efficiency