Allows, beginning January 1, 2014, the use of cost-effective conservation achieved by a qualifying utility in excess of its biennial acquisition target to help meet the immediately subsequent two biennial acquisition targets, such that no more than twenty percent of any biennial target may be met with excess conservation savings.

Allows a qualifying utility to, beginning January 1, 2014, use single large facility conservation savings in excess of its biennial target to meet up to an additional five percent of the immediately subsequent two biennial acquisition targets, such that no more than twenty-five percent of any biennial target may be met with certain excess conservation savings.

Allows a qualifying utility with an industrial facility located in a certain county to, beginning January 1, 2012, and until December 31, 2017, use cost-effective conservation from the industrial facility in excess of its biennial acquisition target to help meet the immediately subsequent two biennial acquisition targets, such that no more than twenty-five percent of any biennial target may be met with certain excess conservation savings.