The bill seeks to enhance the authority of consumer-owned utilities in Washington State by allowing them to enter into joint use agreements for the development, ownership, and operation of electric generating facilities and transmission systems. Key provisions include the insertion of language that permits cities of the first class, public utility districts, and joint operating agencies to collaborate with a wider array of entities, particularly in renewable energy and energy storage. The bill also introduces joint venture and limited liability company arrangements, ensuring that ownership stakes in common facilities correspond to each participant's financial contributions.

Additionally, the legislation removes outdated references to coal-fired thermal electric generating plants and clarifies the liability of participating cities, stating they are only accountable for their own actions. It emphasizes that each participant must bear their own financing costs and taxes related to their share of the common facilities. The bill further empowers operating agencies to engage in various activities related to electricity generation and transmission, including contracting for necessary facilities, negotiating with federal and state entities, and establishing electric rates. Overall, the bill modernizes the framework for utility collaboration, promoting diverse energy resource development while ensuring equitable ownership and financial responsibility.

Statutes affected:
Original Bill: 35.92.052, 54.44.020
Substitute Bill: 35.92.052, 54.44.020, 54.16.090, 43.52.300
Bill as Passed Legislature: 35.92.052, 54.44.020, 54.16.090, 43.52.300
Session Law: 35.92.052, 54.44.020, 54.16.090, 43.52.300