The bill seeks to amend the Clean Energy Transformation Act by updating definitions and introducing new reporting requirements for consumer-owned utilities, including port districts, and affected market customers. It expands the definition of "consumer-owned utility" to encompass port districts and changes "customer of an electric utility" to "consumer of electricity." The bill clarifies the roles of "market customer" and "affected market customer" in electricity transactions and establishes new reporting obligations for electric utilities and affected market customers to ensure compliance. It also allows for waivers under certain conditions and emphasizes the need for coordination between the Washington Utilities and Transportation Commission and the Department of Commerce to streamline compliance processes.

Additionally, the bill mandates investor-owned and electric utilities to report detailed information about their contracts and energy transformation project investments, including duration and purpose, to the commission and their retail electric customers. The Department of Ecology is tasked with developing rules for energy transformation project investments, including verification and reporting standards. The commission is granted the authority to enforce compliance with the chapter's requirements for affected market customers, and the Department is required to establish rules for measuring and tracking thermal renewable energy credits by January 1, 2021, with provisions for future revisions to enhance implementation.

Statutes affected:
Original bill: 19.405.020, 19.405.100