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Energy providers under pressure to meet 2010 deadline: declining gas prices may be good for consumers, but not for fuel industry.

Article Excerpt
The next two years are critical to energy independence in California. Statewide, utilities providers are feeling the pressure to meet what Will Gabrielski, analyst at Broadpoint.AmTech, calls "the most aggressive renewable energy mandates" in the country.

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In 2006, Senate Bill 107 created the state's Renewables Portfolio Standard, which requires energy providers to generate 20 percent of their electricity from renewable energy resources by 2010.

Predicting 2009 will be a "volatile" year, Gabrielski believes the expense and complicated nature of wind and solar farms make it unlikely that the state will meet its energy goals in time.

"The state of California is in a financial emergency," he said. "Access to capital fight now is so low that it's tough to get the finances necessary. The utilities have the money, but are being more conservative with...

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