LRB-0849/P4
EHS:emw&amn
2023 - 2024 LEGISLATURE
DOA:......Sherwin, BB0048 - On-bill tariff financing
For 2023-2025 Budget -- Not Ready For Introduction
An Act ...; relating to: the budget.
Analysis by the Legislative Reference Bureau
State government
Public utility regulation
Residential and commercial energy improvements
This bill allows PSC to authorize a public utility to finance energy improvements at a specific dwelling for a residential or commercial customer. Under the bill, a public utility may recover the costs of such an energy improvement through a surcharge periodically placed on the customer's account. The bill requires PSC to promulgate rules establishing requirements for this financing, which must include that the surcharge is assigned to a location, not to an individual customer; that energy improvements are eligible for financing only if they are estimated to save an amount that exceeds the surcharge; and that the financing offered may not increase a customer's risk or debt.
For further information see the state fiscal estimate, which will be printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
Section
1. 196.376 of the statutes is created to read:
196.376 Residential and commercial energy improvements. The commission may authorize a public utility to finance energy improvements at a specific residential or commercial location and recover the cost of those improvements over time through a surcharge periodically placed on the public utility customer's account for that location. The commission shall promulgate rules to establish the requirements for the utility financing programs authorized under this section. Those requirements shall include at least all of the following:
(1) The surcharge shall be assigned to a location, not to an individual customer.
(2) Energy improvements are eligible for financing only if the improvements are estimated to save an amount that exceeds the surcharge.
(3) The financing offered to a customer under this section may not increase the customer's risk or debt.
(End)
