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HB 1948

Ensuring that methods for calculating the electric load of utilities under the energy independence act do not have the effect of discouraging voluntary investments in renewable power.

2023-2024 Regular Session Introduced by Beth Doglio and 6 co-sponsors

Overview: HB 1948 - Ensuring that methods for calculating the electric load of utilities under the energy independence act do not have the effect of discouraging voluntary investme

Effective date 6/6/2024.
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Bill Summary · HB 1948

Overview: HB 1948 - Ensuring that methods for calculating the electric load of utilities under the energy independence act do not have the effect of discouraging voluntary investments in renewable power.
Purpose and Intent: The bill aims to modify the methods used by utilities to calculate their electric load under the state's energy independence act. The goal is to ensure these calculation methods do not inadvertently discourage utilities from voluntarily investing in renewable energy sources.
Key Provisions:
- Requires the state energy department to review and update the methods used to calculate a utility's electric load for compliance with the energy independence act.
- Mandates that the updated methods must not have the effect of discouraging voluntary investments in renewable energy by utilities.
- Directs the department to consider factors such as the timing and variability of renewable energy generation when updating the calculation methods.
Affected Parties and Impacts:
- Utility companies operating in the state, who will be subject to the revised load calculation methods.
- Consumers, who may be impacted by changes in utility rates or renewable energy availability.
- The state energy department, which will be responsible for updating the calculation methodology.
Procedural and Timeline Considerations:
The bill has been passed by the legislature and is set to take effect on June 6, 2024. The state energy department will have a defined timeline to review and update the load calculation methods as required by the legislation.

Compiled from official sources — confirm details with the bill’s official record.

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