Mr. Masri was born in 1945. He has a graduate degree in economics from the University of California. His experience includes twenty-two years in the energy field, and fifteen years as a lecturer in economics at several universities in California with particular emphasis on the economics of energy and the environment. He has also spoken at numerous international conferences dealing with the economics of energy and the environment. Since October 1996, Mr. Masri has directed the Renewable Energy Program established by Assembly Bill 1890 and Senate Bill 90.
Projects receive no funding until they begin generating electricity for sale.
The Emerging Account's Buydown Program provides payments to buyers, sellers, lessors or lessees of eligible electricity generating systems that are powered by emerging renewable resources. The Buydown Program is open to generating systems of all sizes but is intended to favor small generating systems, such as those typically used by residential or small commercial and agricultural customers. Intent of the Buydown Program is to reduce the net cost to the end user of generating equipment using emerging renewable technologies, thereby stimulating sales of such systems. Increased sales are expected to encourage manufacturers, sellers, and installers to expand their operations and reduce their costs. Providers must inform consumers about the credit on their bill.