House Bill 6063 Summary

• Increases electric provider annual energy savings requirements to 1.25% of retail electricity sales starting in 2013 and each year thereafter, up from the previous 1.0% standard.

• Adjusts 2012 electric provider requirements to 1.00% of retail electricity sales, replacing the previous multi-year standard for 2012-2015.

• Maintains natural gas provider energy savings requirements at 0.75% annually for 2012 and thereafter, with standards of 0.10% in 2008-2009, 0.25% in 2010, and 0.50% in 2011.

• Allows electric providers to substitute renewable energy credits, advanced cleaner energy credits, or load management for up to 10% of required energy optimization standards, subject to Public Service Commission approval.

• Changes reference from "department of environmental quality" to "department of natural resources and environment" for consultation on carbon dioxide emissions benefits during commission hearings.