The bill seeks to amend the Clean Energy Transformation Act by updating definitions and reporting requirements for consumer-owned utilities, including port districts, and affected market customers. Key changes include expanding the definition of "consumer-owned utility" to encompass port districts and revising the term "more than one retail electric customer" to "at least one retail electric customer." The definition of "market customer" is also clarified to refer specifically to nonresidential electricity consumers purchasing from non-utility entities. New reporting requirements are introduced for electric utilities and affected market customers, with provisions for waiving reporting for certain customers to streamline compliance.

Additionally, the bill mandates that investor-owned utilities report detailed information about their contracts to the Washington Utilities and Transportation Commission, which will also establish reporting requirements for affected market customers. The Department of Ecology is tasked with developing rules for energy transformation project investments and tracking thermal renewable energy credits. A new section in chapter 19.405 RCW empowers the commission to enforce compliance with the chapter's requirements for affected market customers, reinforcing its role in ensuring adherence to the updated regulations.

Statutes affected:
Original bill: 19.405.020, 19.405.100