Bill > HB4055

This bill, amending Section 77 of Michigan's 2008 Public Act 295 (the Clean, Renewable, and Efficient Energy Act), significantly increases the minimum energy savings that electric and natural gas providers must achieve through their energy optimization programs. Specifically, it raises the required annual incremental energy savings for electric providers from 1.0% to 2.0% of total annual retail electricity sales by 2019 and each year thereafter, and for natural gas providers from 0.75% to 1.5% of total annual retail natural gas sales. These energy optimization programs are designed to encourage efficiency and reduce overall energy consumption. The bill also makes minor adjustments to exceptions and clarifies how energy savings are calculated and how certain credits, like renewable energy credits, can be used to meet a portion of these standards, with limitations on the percentage of the standard that can be met through these substitutions.