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On March 11 2010, after much anticipation, the CPUC adopted decision 10-03-021 to allow for the use of tradable renewable energy certificates (TRECs) as a compliance commodity to help IOUs and ESPs meet their RPS mandated target. The decision, while enabling TRECs, limited their volumes to 25% of RPS and capped prices at $50 per TREC, until December 31, 2011.