Permit electric distribution utility establish certain portfolios

HB 79 allows electric distribution utilities to create and submit plans for energy efficiency and demand reduction programs to the Public Utilities Commission. To get approval, utilities must provide detailed information about their proposed programs, including costs, expected energy savings, and how they will be funded without double-charging customers. The bill also defines specific terms like "behavioral energy savings" and requires utilities to include plans for improving smart grid technology and managing peak demand. Once approved, these portfolios enable utilities to help residential and business customers save energy while ensuring the programs remain cost-effective and fair.