Oregon SB1588 mandates electric companies to create inclusive utility investment programs for energy efficiency upgrades and renewable energy.

Oregon SB1588 requires each electric company to develop an inclusive utility investment program to finance energy efficiency upgrades or renewable energy projects for customers. These programs must provide savings reflected in reduced electricity or energy utility costs, and customers may not be required to make upfront payments. The Public Utility Commission can establish minimum financial savings standards and offer performance incentives. The commission must approve the program before it becomes available to customers by January 1, 2028.

Oregon SB1588 mandates electric companies to create inclusive utility investment programs for energy efficiency upgrades and renewable energy.

Oregon SB1588 requires each electric company to develop an inclusive utility investment program to finance energy efficiency upgrades or renewable energy projects for customers. These programs must provide savings reflected in reduced electricity or energy utility costs, and customers may not be required to make upfront payments. The Public Utility Commission can establish minimum financial savings standards and offer performance incentives. The commission must approve the program before it becomes available to customers by January 1, 2028.