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 deferred maintenance, supported by verifiable methods. Additionally, 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 for a more structured procurement approach.

Furthermore, the bill repeals certain provisions of R.S. 33:4547.2, streamlining the procurement process by replacing requests for proposals with requests for qualifications. This change aims to enhance transparency and efficiency in the selection of contractors for energy efficiency projects. Overall, the bill seeks to improve the framework for energy efficiency contracts within political subdivisions, ensuring that savings are guaranteed and measured effectively while providing flexibility in procurement procedures.

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)