Bill > HR1630

This bill, the Utility Energy Service Contracts Improvement Act of 2015, amends the National Energy Conservation Policy Act to clarify that Utility Energy Service Contracts (UESCs) can have a contract duration of up to 25 years, an increase from the previous implied limit. UESCs are agreements that allow utility companies to help federal agencies implement energy and water efficiency improvements and demand reduction services, which are crucial for agencies to meet their energy conservation targets. The bill emphasizes that these contracts must include provisions for measuring and verifying the actual savings achieved, along with performance assurances or guarantees to ensure the promised efficiencies are realized, ultimately aiming to reduce operational costs for federal agencies and save taxpayer money.