PA HB505

Amends Pennsylvania's energy efficiency and conservation program (Act 129) to require electric distribution companies to file new five-year plans with the Public Utility Commission, with the commission setting future consumption reduction targets based on cost-benefit analysis

Caps required reductions from government entities, nonprofits, housing authorities, and subsidized housing at a maximum of 10% of total consumption reduction targets

Allows up to 10% of plan funds for preweatherization health and safety upgrades (mold remediation, electrical panel upgrades, structural repairs) for households at or below 150% of federal poverty guidelines

Establishes financial incentives for utilities that exceed reduction targets: 10% of net benefits for customers above 150% of poverty guidelines, and 25% for low-income customers below that threshold

Takes effect May 31, 2031, except provisions on plan disapproval procedures, penalties, incentives, and industrial sector study which take effect in 60 days