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Committee hears testimony for SB 15 88 'Upgrade and Save' program; proponents tout access, utilities raise finance and operational concerns
Summary
SB 15 88 would let investor‑owned utilities fund upfront energy upgrades and recover costs through a tariffed charge; witnesses described potential cost savings and program scale, while utilities warned of operational complexity and long payback math for some measures.
Senate Bill 15 88 — dubbed an 'Upgrade and Save' inclusive utility investment pilot in testimony — received a public hearing on Feb. 9 before the Senate Energy and Environment Committee.
Sponsor Senator Jeff Golden framed the bill as complementary to SB 15 82: where SB 15 82 creates distributed power programs, SB 15 88 addresses the demand side by enabling investor‑owned electric companies to pay upfront costs for qualifying energy efficiency and electrification projects and recover costs through a bill charge that is intended to be less than expected energy savings.
Proponents — including MCAT, Climate Solutions, Rewiring…
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