Bill > HB2296

This bill allows electrical or natural gas companies, with the approval of the commission (likely the Washington Utilities and Transportation Commission), to invest in programs that improve energy conservation and efficiency in single-family and multifamily rental housing, even if the property owner doesn't directly finance these improvements. The bill prioritizes these investments for low-income customers, vulnerable populations, and those in highly impacted communities, aiming to reduce their "energy burden," which refers to the portion of household income spent on energy. These investments will be recovered through a new "energy savings charge" added to the tenant's regular utility bill, or through a site-specific agreement if the owner pays the bill, and will be subject to collection like other energy charges until the company's authorized return on investment is fully recovered. Property owners must also provide tenants with at least 30 days' notice before conservation measures are installed, including details about the work and its expected benefits. The bill also defines "cost-effective" and other key terms by referencing existing state laws.