In order to establish and validate an Energy Efficiency Utility (EEU) claims with respect to meeting its three-year performance goals, an EEU is required to submit a report to the Commission and the Department of Public Service (Department) each year that establishes its savings claim regarding certain performance goals for the previous year. After reviewing an EEU’s savings claim each year, the Department provides a recommendation to the Commission regarding the EEU’s annual savings claims. The Commission then makes a final determination on the annual savings claim and the progress an EEU is making toward achieving its three-year performance goals.
Under Vermont Energy Investment Corporation's (VEIC) Order of Appointment, performance compensation is to be paid based on the attainment of three-year performance targets. At the end of each three-year performance period, the Commission makes a final determination regarding VEIC's achievement with respect to the performance goals for the recently completed performance period, and makes a determination regarding any associated performance awards to be provided to VEIC.
Under their respective Orders of Appointment, three-year performance targets are determined for Burlington Electric Department (BED) and Vermont Gas Systems, Inc. (VGS). There are no performance incentive payments associated with achieving these performance targets at this time.
Annual reports for each EEU are produced after the conclusion of the savings verification process. These reports contain final savings figures for the year. Information about savings verification can be found in ePUC by using the "All Cases" search, typing either "savings verification" or "savings claim" in the "Case Name" field, and clicking the Search button. (To get all cases related to this subject area, perform two separate searches, one using "savings verification" and the other using "savings claim.")