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 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) and modifies procurement procedures to enhance transparency and efficiency. It mandates public notice for RFQs and outlines the evaluation criteria for selecting contractors, emphasizing the importance of price and other factors. The changes aim to streamline the procurement process for energy efficiency projects while ensuring accountability and measurable savings for political subdivisions.

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)