The Committee on Economic Development, Power and Energy Utilities is holding a public hearing at 9 a.m. today on Bill 80-35 (COR), which seeks to raise the renewable portfolio standards of the Guam Power Authority.
According to the bill, the renewable portfolio standards were set over 10 years ago by P.L. 29-62.
Due to advancements in technology, innovation, and the hard work of GPA employees, the goal of 25 percent net electricity sales from renewable energy has bearly been met, over 15 years before its target date of 2035.
For this reason, the bill’s sponsors — Sens. Amanda Shelton and Clynt Ridgell — believe it is appropriate to raise GPA’s renewable portfolio standards to match current capabilities and technologies.
Under the bill, GPA will now have a new preliminary renewable portfolio standard target of 50 percent of its net electricity sales by Dec. 31, 2035, up from the previous target of 25 percent set for the same target date.
The bill also seeks to further develop renewable energy production not just through solar energy but also through wind, ocean thermal, and biomass resources in order to decrease Guam’s reliance on oil.
Executives from the renewable energy industry on Guam are again expected to testify in today’s public hearing just as they did last week during a roundtable on the “Future of Renewable Energy Production on Guam” during which they discussed the fast pace of technology development in their industry.
Officials from the Consolidated Commission on Utilities and GPA are also expected to testify as they have already stated that they are not necessarily against renewable energy.
Committee on Economic Development, Power and Energy Utilities Chairman Sen. Clynt Ridgell is also hearing and accepting testimony on the appointments of David J. John and George Chiu to serve as a member of the board of directors of the Guam Economic Development Authority.
The hearings will take place in the public hearing room of the Guam Congress Building in Hagåtña.