                                 CODE OF VIRGINIA

(EXPIRES JANUARY 1, 2031) ENERGY EFFICIENCY SAVINGS TARGETS FOR CERTAIN
CUSTOMERS (§ 56-596.2:2)

A. The Commission shall establish for Phase II Utilities annual energy
efficiency savings targets for customers who are low-income, elderly, disabled,
or veterans of military service to be achieved through utility energy efficiency
programs (low-income energy efficiency savings programs) designed to benefit
such customers, provided that each year&#8217;s target shall be measured by the
total combined kilowatt-hour savings achieved by electric utility energy
efficiency and demand response programs and measures installed for such
customers in that program year, as well as savings still being achieved by
measures and programs implemented for such customers in prior years, and that
such annual targets shall be at least one percent of the average annual energy
retail sales by that utility to those customers, to the extent that the
potential exists and is reasonably achievable as determined by the Commission.
In establishing such targets, the Commission shall seek to optimize energy
efficiency and the health and safety benefits of utility energy efficiency
programs.

B. In advance of the effective date of such annual energy efficiency targets,
the first of which shall be for 2025, the Commission shall, after notice and
opportunity for hearing, initiate proceedings to establish such targets and the
appropriate retail sales against which the energy efficiency targets will be
measured. In setting such targets, the Commission shall consider the impact and
savings of energy efficiency programs authorized by subdivision C 2 of &#xA7;
10.1-1330. The Commission shall also consider federal loan guarantees, grant
funds, and rebates made available pursuant to the federal Inflation Reduction
Act (P.L. 117-169) or other similar federal legislation that facilitates energy
efficiency projects.

C. For the time period 2028 through 2030, the Commission shall review and, at
its discretion, revise such minimum annual targets to ensure continued
consistency with the provisions of this section. All savings from low-income
energy efficiency programs shall be applied to the energy efficiency savings set
forth in subsection B of &#xA7; 56-596.2.

D. In providing such low-income energy efficiency programs, Phase II Utilities
shall make best efforts to coordinate such energy efficiency programs with any
health and safety upgrades provided through energy efficiency programs
authorized by subdivision C 2 of &#xA7; 10.1-1330, when reasonably feasible to
do so and at the utility&#8217;s sole discretion.

E. For the purposes of this act, &#8220;Phase II Utility&#8221; has the same
meaning as provided in subdivision A 1 of &#xA7; 56-585.1.

HISTORY: 2023, c. 728.