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A Brief Energy Trust Primer

A Brief Energy Trust Primer. Product of 1996 Regional Review and 1999 Oregon Legislation establishing a 3% public purpose charge on two electric investor owned utilities A 501(c)(3) nonprofit organization investing ~$48.5M/year to:

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A Brief Energy Trust Primer

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  1. A Brief Energy Trust Primer • Product of 1996 Regional Review and 1999 Oregon Legislation establishing a 3% public purpose charge on two electric investor owned utilities • A 501(c)(3) nonprofit organization investing ~$48.5M/year to: • Acquire cost-effective electric efficiency/conservation savings • Contribute up to 100% of renewable energy project above market costs • Separate public purpose charge for residential and commercial customer programs for 3 gas utilities = +$10.4M • ~1.4M Oregon electricity and gas customers with annual savings of 25-28 aMW and 1.2M therms 2

  2. What We Offer • Stable, consistent funding • Comprehensive services • Objective energy information • Technical information and support • Financial incentives 3

  3. Energy Trust Mission To change how Oregonians produce and use energy by investing in efficient technologies and renewable resources that save dollars and protect the environment. 4

  4. Initial 10-Year Strategic Goals • Save 300 average megawatts of electricity and 21 million therms of natural gas by 2012 • Provide 10% of Oregon’s electricity from renewable sources by 2012 • Expand participation by those previously underserved • Support growth of the clean energy industry • Encourage Oregonians to incorporate energy efficiency and renewable energy into their daily lives 5

  5. Cumulative Accomplishments • Saved and generated over 1.2 billion kWh of electricity • Saved over 4 million annual therms of natural gas • Generated 16.8 aMW by renewables; +40 aMW online in ‘07 • Served 220,000 consumers • Retrofitted 70,000 residences and 4,000 commercial buildings • Constructed 2,400 Energy Star homes and 440 commercial buildings • Improved efficiency at 570 industrial sites • Installed 1,000 electric and solar water systems • Provided incentives for 95,000 efficient clothes washers  • Sold 530,000 CFL packages 6

  6. Organization Structure 7

  7. OPUC Oversight Role • Contracts with Energy Trust • Establishes minimum performance measures • Reviews annual budget, 2-year action plan and 5-year strategic plan • Requires quarterly and annual reports • Requires management audit every 5 years • Liaison to legislature • Ex officio board role • Participates in advisory councils and board strategic planning committee • Can issue a “notice of concern” • Authority to terminate contract 8

  8. Energy Trust Board Role • Independent, non-stakeholder board with volunteer membership • Oregon Department of Energy special advisory seat • Fulfills fiduciary responsibilities • Establishes policy • Determines strategic direction and goals • Reviews and approves annual budgets and plans • Liaison to advisory councils • Prohibited from lobbying 9

  9. Energy Trust Staff Role • Conducts strategic analyses • Plans for and designs programs • Manages staff and contractors • Supports trade allies • Engages stakeholders • Manages finances and incentive payments • Ensures quality control and quality assurance • Contracts for independent 3-party evaluations • Prohibited from lobbying 10

  10. Strength of the Model • Mission focused and driven • Stable, consistent funding • Comprehensive and integrated services • Program management contractor delivery model • Trade ally leverage • Stakeholder and public involvement • High degree of transparency and accountability • Measurable outcomes • Low administrative costs • Utility collaboration 11

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