SB17-252 Summary

• Expands the definition of "energy performance contracts" for political subdivisions to include vehicle fleet operational and fuel cost savings measures.

• Adds two new definitions: "increase in meter accuracy" (guaranteed improvement in utility metering efficiency calculated using industry engineering standards) and "meter guarantee" (stipulated increase in billable revenues from improved meter accuracy).

• Modifies "operation and maintenance cost savings" to clarify it means measurable decreases in NET operation and maintenance costs resulting from utility cost-savings measures or vehicle fleet measures, calculated against an established baseline.

• Includes services to increase meter accuracy as a utility cost-savings measure, alongside traditional energy reduction and utility error identification services.

• Extends the monitoring and reporting period for energy savings contracts from two years to three years, with reports certified by an independent architect or engineer.