Oklahoma Governor Fallin Signs Energy Efficiency Bill into Law
Oklahoma Governor Mary Fallin recently signed Senate Bill 1096 into law. The energy efficiency law requires that all state agencies and higher education institutions improve their energy efficiency and energy conservation measures by 20% by the year 2020.
Bill 1096 sets a cumulative energy savings target of at least 20% by 2020 when compared to utility expenditures from fiscal year 2012. Currently, projections show that energy consumption could be reduced by 20% - 30% percent by 2020. If the goal is met, Oklahoma could save between $300 and $500 million in energy costs over the next 10 years.
Under Bill 1096, the Oklahoma Office of State Finance will oversee the development and implementation of the energy efficiency and conservation program. In addition to this, they would ensure that all costs associated with the program are funded by the resulting energy-cost savings.
To learn more about Bill 1096 and its impact on Oklahoma energy costs, read the governor’s press release.