HB 3155-S - DIGEST

(DIGEST OF PROPOSED 1ST SUBSTITUTE)

Declares an intent to establish the framework for the creation of the Washington state conservation authority for the purpose of applying Washington's expertise and creativity in conservation techniques and financing to secure affordable electricity for high electricity-use industries.

Directs the department of general administration to develop recommendations for the establishment of the Washington state conservation authority.

Declares that the recommendations required by this act shall provide that the Washington state conservation authority have the authority to aggregate conservation savings from all levels of state and local government utilizing a combination of performance bonding and contract financing to generate energy conservation. The conservation gained from this effort may be provided to electricity consumers that require five megawatts or more at a target price of thirty-five dollars or less a megawatt hour.

Requires the department of general administration to submit recommendations, including draft legislation, required by this act to the appropriate committees of the legislature no later than December 1, 2004.