HB 2333 - DIGEST

(SEE ALSO PROPOSED 1ST SUB)

Establishes provisions concerning energy efficiency and renewable energy standards.

Provides that, on or before June 1, 2007, each electric utility and market customer must demonstrate progress in meeting the efficiency and renewable standards in this act. Investor-owned utilities will report to the commission, and consumer-owned utilities and market customers will report to the department.

Provides that on or before June 1, 2010, and annually thereafter, each electric utility and market customer must demonstrate compliance with the efficiency and renewable standards in this act, for the annual period ending the previous December 31st. Each investor-owned utility will demonstrate compliance to its customers in published form and to the commission which will share this information with the department. Each consumer-owned utility will demonstrate compliance to its customers in published form, to its governing body, and to the department. Each market customer will demonstrate compliance to the department.

Requires each report to the commission or the department to include at least the following: The amount of electricity generated or acquired from each eligible renewable resource; the amount of renewable energy credits acquired, sold, or traded; the annual retail load for an electric utility or the annual electricity consumption data for a market customer; and the amount of conservation annually acquired, including the amount of low-income energy efficiency services provided, the amount of high-efficiency cogeneration used to meet the standard, and the amount of conservation savings from the northwest energy efficiency alliance used to meet the standard.

Requires that, on or before December 1, 2010, and biennially thereafter, the department and commission shall submit a report to the legislature on the accomplishments of the efficiency and renewable standards created in this act, including unachieved cost-effective conservation opportunities, and make recommendations for revisions to the standards. The commission may initiate rule-making proceedings based on the results of these reports to modify requirements imposed on investor-owned utilities.

Requires that, on or before January 1, 2016, the department shall review and recommend to the legislature continuation or modification of the efficiency and renewable standards based on assessments of the effectiveness of the standards, market conditions, and unachieved opportunities.