Energy Efficiency Financing Clause Samples

Energy Efficiency Financing. The Company agrees it will work with interested stakeholders between now and June 1, 2012 to develop a program to support financing of energy efficiency retrofits by residential and small business customers. If during this time, a cost effective model for such a program can be developed for Public Service’s territory and the Company receives interest from third party entities to support implementation; the Company shall file an application for approval of such a program with the Commission with the objective of implementing it beginning January 1, 2013. The financing program would be implemented in partnership with other entities such as banks, state government, or local governments. It is agreed to by the parties that the financing mechanism will not be an on-bill payment mechanism or include a lost loan pool supported by Xcel Energy ratepayers.