California Regulators Reward Utilities for Pursuing Energy Efficiency
The California Public Utilities Commission (CPUC) has made a change to a program that provides financial rewards to utilities based on the performance of their energy efficiency programs. The program had allowed interim rewards to the utilities, but included a provision that could force a utility to repay the rewards if a review found that the program had fallen short. That provision was discouraging utilities from taking advantage of the program. To address the problem, the CPUC removed the payback provision on January 31, but also lowered the size of the interim rewards. See the CPUC press release.