In addition to determining what “high opportunity programs or projects” are, and how to authorize them, this ruling addresses several ancillary issues relating to such programs or projects: 1. Preliminary interpretation of the phrase “estimated energy savings and energy usage reductions, taking into consideration the overall reduction in normalized metered energy consumption as a measure of energy savings;” 2. How to determine the cost-effectiveness of such programs and projects; 3. Customer incentive levels and timing; 4. How to evaluate, measure, and verify savings from such programs and projects ex post; 5. How to set shareholder incentives for such programs and projects.
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