SECTION 260:65-15-3. Description of the program

Latest version.

Guaranteed savings program is a program whereby the agency selects and contracts with an energy service company to reduce its energy costs. The goal of this contract is energy cost savings through acquisition of energy efficient equipment, services and methods. The ESC guarantees the amount of savings from the program over a specified period of time. Since the contract is paid from the energy savings realized, the agency does not need to have the large amount of capital which would be otherwise necessary to purchase such services and equipment.

[Source: Added at 31 Ok Reg 1423, eff 9-12-14]

                    
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