HB 114 Summary

• Revises renewable energy resource requirements, changing 2027 targets from 12.5% to optional compliance and eliminating mandatory solar energy benchmarks while allowing cost-cap exemptions for utilities.

• Modifies energy efficiency and peak demand reduction programs by extending implementation timelines through 2027 with cumulative savings targets of 17% instead of 22%, and limits forfeiture penalties to specific years (2016, 2019, 2022, 2025, 2027).

• Allows customers of electric distribution utilities and electric services companies to opt out of paying charges for renewable energy resource compliance beginning January 1, 2019.

• Creates new disclosure requirements for utilities to list individual customer costs on bills for renewable energy, energy efficiency, and peak demand reduction compliance as separate line items.

• Increases Home Energy Assistance Block Grant (HEAP) weatherization allocation from up to 25% to exactly 25% of federal funds and requires good faith efforts to secure necessary federal waivers.