House Bill 4055 Summary

• Increases minimum energy savings requirements for electric providers from 1.0% annually (2019+) to 2.0% annually starting in 2019 and each year thereafter, based on total annual retail electricity sales in the preceding year.

• Increases minimum energy savings requirements for natural gas providers from 0.75% annually (2019+) to 1.5% annually starting in 2019 and each year thereafter, based on total annual retail natural gas sales in the preceding year.

• Modifies intermediate energy savings targets for both electric and natural gas providers between 2016-2018 with graduated percentage increases leading to the higher 2019+ standards.

• Removes language conditioning 2012-2015 energy savings requirements on section 97 provisions, establishing these as mandatory baseline standards.

• Clarifies that renewable energy systems must be constructed after October 6, 2008 to qualify their credits for substitution toward energy optimization performance standards.