The bill amends and reenacts several sections of Louisiana law regarding performance-based energy efficiency contracts, specifically R.S. 33:4547.1 and R.S. 33:4547.2. Key changes include the definition of "annual energy savings," which now encompasses reductions in utility costs and may include capital cost avoidance and labor savings, supported by verifiable methods. Political subdivisions are authorized to engage an independent third-party evaluation consultant before awarding contracts, and they may require an investment grade audit prior to contract execution. The bill also introduces a qualifications-based selection process for identifying energy services providers, allowing political subdivisions to issue Requests for Qualifications (RFQs) instead of traditional proposals.

Additionally, the bill repeals certain provisions under R.S. 33:4547.2(G) and (H), streamlining the procurement process for energy efficiency contracts. The amendments emphasize the importance of guaranteed savings, which must be measured annually unless otherwise approved by the independent consultant. Overall, the bill aims to enhance the procurement procedures for energy efficiency contracts, ensuring that political subdivisions can effectively manage energy savings while maintaining accountability and transparency in the contracting process.

Statutes affected:
SB212 Original: 33:1(B)(1), 33:2(A), 33:2(G)
SB212 Engrossed: 33:1(C), 33:2(A), 33:2(G)
SB212 Reengrossed: 33:1(C), 33:2(A), 33:2(G)
SB212 Enrolled: 33:1(C), 33:2(A), 33:2(G)
SB212 Act 451: 33:1(C), 33:2(A), 33:2(G)