Common use of Savings Goals Clause in Contracts

Savings Goals. 1. It appears to the Parties that it is highly unlikely that the Companies could achieve the statutory savings requirements defined in Section 8-104(c) of the Act and also meet the requirement of Section 8-104(d) to limit the estimated average increase in the amounts paid by retail customers to no more than 2%. To that end, the Commission should reduce energy savings requirements for the Companies from the statutory requirements of Section 8-104(c) to the following amounts: a. Savings of 9,868,97 5 annual net therms in 2018, 9,505,670 annual net therms in 2019, 9,457,541 annual net therms in 2020, and 9,493,167 annual net therms in 2021. b. Savings of 38,325,35 3 annual net therms for the four-year Plan period. c. Savings of 2,196,54 0 annual net therms in 2018, 1,941,718 annual net therms in 2019, 1,790,399 annual net therms in 2020, and 1,931,439 annual net therms in 2021. d. Savings of 7,860,097 annual net therms for the four-year Plan period. 2. The Companies may comply with Section II.B.1 of this Stipulation by meeting the total savings goal across the four years. 3. The Companies will operate and implement their energy efficiency programs in a manner that seeks to ensure that no disruption in the delivery of measures and programs will occur during the course of a program year. 4. While the Companies retain the flexibility, as documented in the Policy Manual, to shift resources between programs and measures, Peoples Gas agrees that it will not exercise this flexibility in a way that results in a portfolio weighted average measure life decrease greater than 0.5 years from its Plan 3 weighted average measure life of 12.3 years. North Shore agrees that it will not exercise this flexibility in a way that results in a portfolio weighted average measure life decrease greater than 0.5 years from its Plan 3 weighted average measure life of 9.4 years. 5. The first-year annua l net savings goals as reflected in Sections II.B.1.a-d, of this Stipulation are subject to change based on the annual IL-TRM adjustments applicable for the each of the program years of Plan 3, consistent with the Adjustable Savings Goal policy approved in the in Illinois Energy Efficiency Policy Manual and the Adjustable Savings Goals provisions set forth in this stipulation.