Electric and gas companies may fund energy-saving work in rental homes and recover the cost through utility bills.
Electric and gas companies may invest in energy-saving programs for rental homes. They must prioritize customers with low incomes, vulnerable people, and communities more affected by pollution.
Companies recover upgrade costs through utility bills, with a separate line showing the charge. Owners must tell tenants about the work at least 30 days before it starts.
The utilities commission must allow electric and gas companies to invest in programs that save energy in rental homes. The programs may serve single-family and multifamily rental homes. Companies must prioritize investments that reduce energy burdens for low-income customers, vulnerable people, and customers in communities more affected by pollution, while meeting comfort and productivity needs. The programs may replace a property owner's contribution for measures that are cost-effective when considered together. The commission may allow a company to earn a return over time if the plan reduces customers' energy burden, limits bill impacts, and gives the company an incentive to invest.
Companies must recover these investments through utility bills and show the charge as an “energy savings charge.” The bill may be paid by the tenant, a later tenant, or the property owner. Before work starts, the owner must notify the tenant and describe the work and its expected benefits. The charge may be collected until the authorized return on the investment is fully recovered. If the property owner pays the utility bill, recovery must follow an agreement for that specific property. The owner must give notice at least 30 days before installation work begins.
No hearings or votes scheduled.