SB 5562 - Clean Energy
Date postedDecember 29, 2023
Supporting Washington's clean energy economy and transitioning to a clean, affordable, and reliable energy future.
Bill Information
Sponsors: Nguyen, Lovelett, Hunt, Keiser, Liias, Saldaña, Wellman, Wilson, C.
Companion: HB 1589
Status: (S) Ways & Means
What the bill does:
- Prohibits gas companies serving more than 500,000 retail natural gas customers in Washington from extending gas service after June 30, 2023.
- Requires a large gas company to file a gas decarbonization plan as part of a multi-year rate plan on or after January 1, 2026, and every four years thereafter, with the aim to achieve the company's proportional share of greenhouse gas emission reductions required under state law.
- Requires a large gas company to file an electrification plan as part of a gas decarbonization plan on or after January 1, 2026.
- Directs the Utilities and Transportation Commission to establish cost targets for gas decarbonization and electrification plans, approve plans that are in the public interest, and adopt depreciation schedules, and a single energy rate base in certain instances.
- Encourages electric utilities to work with large gas companies providing gas service within their service areas to identify opportunities for electrification and providing energy peaking service.