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California Time 9:27 PM

QFs Power 30% of California

California's 688 "Qualified Facility" energy producers use clean and renewable technologies like cogeneration, wind, solar, geothermal and biomass to generate electricity — providing 30% of California's energy, enough to power eight million homes.

But some QFs — many of them small businesses — haven't been paid since last December for energy they've generated.

To help ease California's energy crisis, the QFs have agreed to help stabilize short-run energy prices by locking in lower, fixed rates for five years, providing utilities with additional cash to help them weather the crisis.

This will immediately reduce short-term energy prices paid to QFs by up to 50%.

Now the Legislature needs to take action to approve this plan and provide assurance that the QFs will be paid for the past and future energy deliveries to Californians.

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