Development of Thermal Energy Resources
What changed between versions
Added precise definitions for 'thermal energy service agreement' and clarified the meaning of 'thermal energy' and 'thermal energy network' within the statute.
Granted local governments explicit authority to aggregate thermal energy demand from both public buildings and private entities that choose to participate.
Modified the regulatory framework by stating that local governments aggregating thermal energy and private operators managing these networks are not considered public or municipal utilities.
Added provisions allowing local governments to provide thermal energy services to participants located outside their own jurisdictional boundaries.
Added specific authorization for local governments to issue revenue bonds or general obligation bonds to finance the design, construction, and operation of thermal energy network infrastructure.