Summary of Raised Bill No. 997

• Authorizes electric distribution companies to conduct joint and individual procurements for renewable energy projects, with flexibility for multiple solicitations per year instead of a single annual solicitation.

• Changes the definition of "shared clean energy facility" by removing the requirement that it be within the same service territory as subscriber billing meters, while maintaining the 5 megawatt capacity limit and two-subscriber minimum.

• Reduces the commercial customer capacity cap for shared clean energy facilities from 50% to 40% of total facility capacity, prioritizing low-income and moderate-income customer access.

• Shifts authority over generation project sizing from individual electric distribution companies to the Public Utilities Regulatory Authority for customers without on-premises generation capability.

• Expands residential solar tariff offerings to include multifamily buildings with five or more units where at least 60% of units are affordable housing, and allows state, municipal, and agricultural customers to develop generation projects off their own premises.