Electric utilities; pilot program for electric energy conservation, solar energy generation.

The document header was changed from 'ENROLLED' (final passed version) to 'AMENDMENT IN THE NATURE OF A SUBSTITUTE' (draft version proposed by the Senate Committee on Commerce and Labor).

Page numbering and draft metadata (e.g., 'DRAFT', date, committee name) were added to the document structure.

The funding requirement for Phase II Utilities was changed from 'an amount of $23 million' to 'no less than $23 million', clarifying that the utility must spend at least this amount but may spend more.

Added new statutory sections requiring utilities to implement energy upgrade programs with specific capital investment minimums ($150 million for Phase I and $750 million for Phase II utilities in the first two-year period).

Created a new pilot program specifically targeting low-income, elderly, and disabled individuals for electric energy conservation, solar generation, and storage resources.

Established specific deadlines, including a requirement for utilities to hire program operators by January 1, 2027, and a stakeholder evaluation process to conclude by November 30, 2026.

Authorized the State Corporation Commission to promulgate detailed regulations and established a reserve fund to cover shortfalls in anticipated energy savings for program participants.

Added new legal definitions for terms such as 'energy project,' 'participant,' 'program operator,' and 'special rate charge' to support the new energy upgrade framework.