Section 460.1075 - Energy optimization plan; exceeding standard; authorization for commensurate financial incentive; payment; limitation.
CLEAN, RENEWABLE, AND EFFICIENT ENERGY ACT (EXCERPT)
Act 295 of 2008
460.1075 Energy optimization plan; exceeding standard; authorization for commensurate financial incentive; payment; limitation.
Sec. 75.
An energy optimization plan of a provider whose rates are regulated by the commission may authorize a commensurate financial incentive for the provider for exceeding the energy optimization performance standard. Payment of any financial incentive authorized in the EO plan is subject to the approval of the commission. The total amount of a financial incentive shall not exceed the lesser of the following amounts:
(a) 25% of the net cost reductions experienced by the provider's customers as a result of implementation of the energy optimization plan.
(b) 15% percent of the provider's actual energy efficiency program expenditures for the year.
History: 2008, Act 295, Imd. Eff. Oct. 6, 2008
Compiler's Notes: Enacting section 1 of Act 295 of 2008 provides:"Enacting section 1. As provided in section 5 of 1846 RS 1, MCL 8.5, this act is severable."In subdivision (b), "15% percent" evidently should read "15%".