House Bill 4791 Summary

• Removes requirement that energy waste reduction plans meet the utility system resource cost test, allowing plans to proceed based solely on reasonableness and prudence determinations.

• Increases energy savings targets for electric providers from 1.0% annually through 2021 to 2.0% annually thereafter, and maintains 0.75% annual target for natural gas providers.

• Modifies financial incentive caps for providers exceeding energy waste reduction standards, with rates varying by achievement level (30% down to 15% of net present value of customer savings or 20% down to 15% of program expenditures).

• Eliminates the December 31, 2021 sunset date that would have ended energy waste reduction plan requirements for electric providers whose rates are not regulated by the Public Service Commission.

• Repeals Section 81 and establishes new process for providers unable to achieve standards cost-effectively, allowing them to petition the commission to establish alternative energy waste reduction standards.