Senate Bill 629 Summary

• Removes the 25% cap on energy efficiency measures that electric utilities can use to meet renewable energy portfolio standards requirements.

• Eliminates the provision allowing utilities to meet up to 40% of requirements through energy efficiency measures beginning in 2021, replacing the tiered cap structure with an unlimited allowance.

• Removes the $1,000,000 annual cap on costs that electric utilities can spend on research funding for renewable energy, energy efficiency, or improved air quality.

• Allows electric utilities greater flexibility in meeting their renewable energy and efficiency obligations without the previous percentage and spending limitations.