House File 561 H-1697 Amend House File 561 as follows: 1 1. Page 8, after line 33 by inserting: 2 < 3A. A utility that files an application pursuant 3 to section 476A.3 to build a nuclear generating 4 facility including but not limited to small modular 5 reactor technology, or seeks authority pursuant to a 6 combined construction and operating license or an early 7 site permit from the United States nuclear regulatory 8 commission, or a utility which partners with a utility 9 filing an application or seeking authority, or a 10 utility which enters into a purchase agreement to buy 11 power generated by a nuclear facility, shall be subject 12 to a minimum capacity and energy savings performance 13 standard of a one and one-half percent annual reduction 14 in projected energy use based upon anticipated demand 15 and population shifts within the utility’s service 16 area. The board shall determine a date by which the 17 utility shall annually submit energy savings results 18 achieved during the preceding twelve months documenting 19 the extent to which the one and one-half percent 20 reduction standard has been met. Application of the 21 reduction standard shall be subject to the following 22 requirements: 23 a. A utility subject to this subsection which 24 documents a kilowatt-hour or cubic foot energy usage 25 reduction which exceeds the level corresponding to 26 the reduction standard by more than one-tenth of one 27 percent shall be entitled to recover an additional 28 one percent of the costs of its energy efficiency 29 plan through the automatic adjustment mechanism under 30 section 476.6, subsection 8, for each one-tenth of one 31 percent by which the reduction standard is exceeded. 32 b. A utility subject to this subsection which 33 documents a reduction that fails to meet the reduction 34 standard by more than one-tenth of one percent shall 35 be subject to an assessment imposed by the board. 36 The electric utility shall be assessed two cents for 37 each kilowatt-hour of energy savings achieved below 38 the level corresponding to the reduction standard, 39 and shall be subject to an assessment of twenty 40 cents for each hundred cubic feet of energy savings 41 achieved below the level corresponding to the reduction 42 standard. Amounts assessed shall be remitted to 43 the board for allocation to an independent energy 44 efficiency administrator selected by the board on a 45 competitive basis to improve energy efficiency in a 46 manner established by the board by rule in the service 47 area of the utility. 48 c. The board shall designate by rule qualifying 49 energy savings or reduction activities in forms 50 -1- HF561.2716 (2) 84 rn/nh 1/ 2 #1.
other than that primarily sold by a utility which 1 may be counted toward compliance with the reduction 2 standard, including but not limited to the promotion 3 of customer-owned renewable energy or plug-in hybrid 4 electric motor vehicles, and may permit allocation 5 of energy efficiency expenditures that do not have a 6 demonstrated cost-effectiveness if the board determines 7 the expenditures contribute to achievement of the 8 standard. The board may allocate additional weighting 9 to energy efficiency programs for qualified low-income 10 persons in achieving the reduction standard. 11 d. A utility otherwise subject to the reduction 12 standard may elect to opt out of compliance with the 13 standard by agreeing to an assessment determined by 14 the board in an amount corresponding to or sufficient 15 to attain the standard, which shall be remitted to 16 the board for allocation to an independent energy 17 efficiency administrator selected by the board as 18 provided in paragraph “b” . > 19 ______________________________ ISENHART of Dubuque -2- HF561.2716 (2) 84 rn/nh 2/ 2