SENATE BILL REPORT

SB 6278

BYSenators Benitz and Williams; by request of Washington State Energy Office

Extending the authorization for utilities to lend money for energy conservation.

Senate Committee on Energy & Utilities

Senate Hearing Date(s):January 28, 1988

Senate Staff:Paul Parker (786-7455)

AS OF JANUARY 27, 1988

BACKGROUND:

RCW 35.92.360 was enacted to implement the constitutional amendment (Art. VIII, sec. 10) authorizing municipal utilities to make loans to finance residential energy conservation.  It allows municipal utilities to assist owners of residential structures in financing the acquisition and installation of cost-effective energy conservation measures. 

SUMMARY:

The limitation that loans may finance only residential conservation is deleted and new language is added to allow municipal utilities to make conservation loans for cost- effective equipment as well as for residential, commercial and industrial facilities. 

Appropriation:    none

Revenue:    none

Fiscal Note:      none requested