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2021 Annual Report

Clean, affordable energy for Oregon
20 years of clean energy
Executive Director Michael Colgrove

Year in Review

Michael Colgrove, Executive Director

Thanks to our range of energy efficiency and renewable energy programs developed over 20 years, Energy Trust was able to help customers and communities reap the benefits of clean power despite continued instability caused by the COVID-19 pandemic in 2021.

If the theme for 2020 was grappling with the pandemic’s unprecedented disruptions to our daily lives, 2021 was about getting back to business - and navigating vaccine availability, multiple Coronavirus variants and the resulting equipment and labor shortages, market volatility and high demand for certain home upgrades. Energy Trust was able to adapt to these challenges by adjusting incentive offers and outreach in real time and managing programs across our portfolio.

As the pandemic's effects dragged on, the summer of 2021 brought a stark reminder of other pressures on our energy system and people’s lives in the form of a record-setting heat wave for the Northwest. Coupled with wildfires, heat events like these are driving up demand for technologies that help people manage and prepare for extreme weather, like air conditioners and HVAC systems that keep spaces cool and ventilated and solar systems with battery storage that can help keep the lights on during disaster events. As we’re seeing with wildfire rebuilding efforts in Southern Oregon, these upgrades can give communities reason to hope.

Providing energy upgrades can have life-saving impacts. This was something we heard repeatedly from communities and partners, along with the need for affordable housing, investment in infrastructure, and ways to help mitigate the effects of climate change and be resilient in the face of natural disasters. Energy efficiency and renewable energy have a place in all of these conversations. They help keep housing costs low, lower the cost to operate municipal facilities, reduce greenhouse gas emissions and — when solar systems are paired with batteries — keep the power on when disaster strikes.

At the state level, 2021 saw the passage of a slew of legislation aimed at promoting clean energy and energy equity. While this is an exciting step forward for Oregon, we also know real change happens on the ground and in partnership with trusted community groups, like EUVALCREE in Eastern Oregon, which is helping connect Spanish-speaking residents with energy-saving opportunities. And supporting workforce diversity — something the energy industry is sorely lacking — requires collaboration with experienced business leaders like David Burchfield of Burch Energy Services. You’ll find both of their stories in this report, along with examples of how Energy Trust is supporting communities as they rebuild after wildfires and helping businesses like Meduri Farms manage energy costs.

People and communities reaped these benefits thanks to the energy they saved and generated with Energy Trust’s incentives and support. In 2021 alone, we helped Oregon and southwest Washington customers save 44 average megawatts of electricity, save 7.4 million annual therms of natural gas and generate 5.43 aMW of clean power. Those investments add up to $451 million in utility bill savings and 162,000 metric tons of carbon dioxide avoided.

Thank you to all who helped us achieve our 2021 results, including our customers, Portland General Electric, Pacific Power, NW Natural, Cascade Natural Gas, Avista, the Oregon Public Utility Commission, Northwest Energy Efficiency Alliance, Oregon Department of Energy, Oregon Housing and Community Services, trade ally contractors, cities, counties and community organizations.

Executive Director Michael Colgrove

20 Years of Clean Energy

Clean energy investments since 2002 bring lasting benefits, creating a more sustainable energy future

Older couple smiling with their dog.

aMW

electricity saved and generated

Million therms

natural gas saved

Million

tons of carbon dioxide avoided

average Oregon homes powered by all the energy saved and generated

Solar systems

installed on homes and businesses

Billion

added to Oregon’s economy

Billion

saved by participants on utility bills

Professionals

employed by trade ally contractors

Cleaner air

lower greenhouse gas emissions help reach climate goals

Livable homes

efficient homes are more comfortable, affordable and safer during extreme temperatures

Resilient communities

efficient buildings with solar and batteries better withstand disaster events

Improved infrastructure

modern, efficient public buildings and irrigation systems work better and cost less to operate

Success Stories

We developed innovative, equitable solutions to help customers and communities achieve their energy goals

Industry

Food processor Meduri Farms harvests energy savings

Story 2 Alt 2020

"This program is a wonderful start so we can bring more rewards, more incentives for our communities."

- Norma Ramirez
EUVALCREE

Partnership

Read the story
Story 3 Alt 2020

"We want to help other minority contractors navigate the hurdles more easily than we did."

- David Burchfield
Burch Energy Services

Contractors

Read the story
Story 4 Alt 2020

"We had a special opportunity to rebuild a part of Talent and wanted to try to incorporate sustainability, energy efficiency and also resiliency."

- Michael Hoch
City of Talent

Rebuilding

Read the story
Story 5 Alt 2020

"Solar wasn’t anything I could afford to tap into before. This was quite a blessing."

- Rudy Thomas
Resident

Solar

Read the story

Diversity, Equity and Inclusion Goals

In 2021, we built on progress and lessons from two years of diversity, equity and inclusion goals to better serve communities of color, customers with low incomes and rural communities

GOALACTIVITY HIGHLIGHTSLESSONS LEARNEDSTATUS
Increase participation of people of color in residential offers Distributed $250,000 more in incentives through Community Partner Funding pathway compared with 2020

Provided $271,891 in co-funding to Community Action of Washington County
Energy Trust should refine community-focused offers

Energy Trust should collect demographic data
Green dot
Achieved
Support participation of small and medium commercial businesses in rural areasServed 1,270 small and medium businesses including 39 in very rural areas

Provided more than 200 businesses with no-cost energy assessments
Small businesses should be defined based on number of employees and square footage, not energy use

Relationships are key and building trust takes time
Yellow dot
Partially achieved
Increase participation of small and medium industrial businesses in rural areas Collaborated with local trade organizations to reach new customers

Launched a no-cost direct lighting installation offer
In-person visits motivate participation

Energy Trust should implement new mechanisms to collect data
Green dot
Achieved
Increase solar projects benefiting customers of color, those with low incomes and rural customersEngaged 424 households in Solar Within Reach, over 300 more than in 2020Solar Within Reach should be a priority offerYellow dot
Partially achieved
Increase participation in the Trade Ally Network by BIPOC-owned and women-owned businessesDesigned a Contractor Development Pathway

Launched a Pathway to Certification
Energy Trust should connect with local contractors through community-based organizations

Administrative requirements can pose a burden to very small contractor businesses
Yellow dot
Partially achieved
Increase the number of projects completed by BIPOC-owned and women-owned trade alliesBIPOC-owned and women-owned contractors completed 2,113 projectsOpportunities remain to enhance onboarding and continue support for BIPOC-owned and women-owned trade alliesGreen dot
Achieved
Increase the number of contracts with Black-owned, BIPOC-owned and women-owned businessesEntered into 21 new contracts with Black-owned, BIPOC-owned and women-owned businessesBetter tools and processes are needed to encourage and track more contracts with Black-owned, BIPOC-owned and women-owned businessesYellow dot
Partially achieved
Build and deepen relationships with community-based organizationsTracked relationships with 59 community-based organizations

Launched small grants for nonprofits
Energy Trust should move toward co-creating offers with organizations

Relationships require long-term commitments and focus on building trust
Green dot
Achieved
Increase representation of staff identifying as people of color64% of new hires identify as people of colorEnergy Trust should evaluate recruiting strategies annuallyGreen dot
Achieved
Determine new ways to track participation among communities of color, households experiencing low incomes and rural customersImproved tracking of enrollment and activity for BIPOC-owned and women-owned contractors involved in projects receiving Energy Trust incentivesEnergy Trust should continue to gather stakeholder input on metrics and targetsGreen dot
Achieved
Increase the ability of staff and board to work across cultures and be more inclusiveLaunched affinity groups, including one for staff of color

100% of staff on hiring interview panels completed an implicit bias training
Energy Trust should evaluate recruiting strategies annuallyYellow dot
Partially achieved
Increase awareness and understanding of goals and progressSubmitted Q2 and annual diversity, equity and inclusion progress reports to Oregon Public Utility Commission and board of directors

Featured stories on blog about work to advance diversity, equity and inclusion objectives
Energy Trust should evaluate and improve its website content related to diversity, equity and inclusionGreen dot
Achieved

2020-2024 Strategic Plan

We completed the second year of our 2020-2024 strategic plan, making progress in five focus areas and implementing strategies to deliver immediate and long-term clean energy benefits to customers and communities

FOCUS AREAPROGRESS INDICATORSPROGRESS TO DATESTATUS
We engage customers with relevant energy efficiency and renewable energy programs, information and services, including information and services specifically for underserved customersWe achieve our annual savings and generation goals and continue to use multi-year planning processes to identify ambitious longer-term energy targets that incorporate emerging sources of savingsOn track, managing; achieved most annual energy goals, and prioritized innovative projects and approachesYellow
Managing
We meet or exceed the goals we establish to increase the diversity of program participantsOn track, managing; achieved more than half of the program participation targets in the 2021 Diversity, Equity and Inclusion operations planYellow
Managing
We strengthen the value we deliver to customers by linking energy efficiency and renewable energy to the approaches utilities are using to meet changing customer energy needsWe develop a framework to value, deliver, report and evaluate energy efficiency and renewable energy resource opportunities in targeted locations in collaboration with utilitiesOn track; documented a methodology for standard elements of targeted partnershipsGreen
On track
We implement and evaluate initiatives designed to drive customer adoption of energy efficiency and renewable energy projects in targeted areasOn track; completed; planning or implementing targeted partnerships with 3 of 5 partner utilitiesGreen
On track
We provide objective information and analyses to policymakers and implementers to support development and implementation of energy policiesWe establish a system for monitoring regulatory and policy initiatives. We contribute data analyses and technical expertise during policy development and participate in policy implementation when there is potential customer benefit related to energy efficiency and renewable energyOn track; participated in approximately 15 external policy initiatives to provide perspective on our core programs, and interviewed stakeholders to learn how they value staff participation in policy settingsGreen
On track
We maximize the effectiveness and reach of public purpose charge funding by leveraging additional funding to advance clean energy investments that deliver multiple benefitsWe acquire more energy savings and renewable generation than would otherwise be achieved with only public purpose charge fundingOn track; increased coordination with other funders to help customers leverage non-public purpose charge fundingGreen
On track
We coordinate with more organizations and communities where their additional resources help accomplish mutually supportive objectivesOn track; increased coordination with communities and organizations to achieve greater impactGreen
On track
We establish a concept agreement with the Oregon Public Utility Commission and at least one natural gas utility to assess a joint carbon reduction effortOn track, managing; community-specific collaboration with one natural gas utility on hold, continuing efforts with all gas utility partners to support activities to reduce greenhouse gasesYellow
Managing
We enhance our ability to quickly and effectively respond to changes, needs and new opportunitiesWe achieve diversity, equity and inclusion goals for employee hiring and recruitment, and for the board of directorsOn track; more than half of new hires identified as people of color and other activities are underwayGreen
On track
Annual surveys indicate that staff are significantly aware of how annual goal setting, business planning and prioritization enables flexible resourcing of existing and new initiativesOn track, managing; while the organization is making improvements, surveys highlight a need for further development in specific areasYellow
Managing

Transparency & Accountability

We are governed by a volunteer board of directors and overseen by the Oregon Public Utility Commission. Three stakeholder advisory councils guide our work

Accountable and Transparent

  • Every dollar received and invested is accounted for in monthly, quarterly and annual financial statements.
  • Financial statements are audited annually by an independent auditor; Energy Trust has a perfect track record of unmodified financial opinions.
  • Each kilowatt hour and therm acquired is reported in quarterly and annual reports.
  • All major programs are evaluated by a third party.
  • We contract for an independent management audit every five years.

2021 Revenues And Expenditures

  • Revenues totaled $194.3 million.
  • Expenditures totaled $183.7 million.
  • Delivered $103.7 million in incentives, with most of the remainder for delivery of customer services.
  • Maintained low administrative and program support costs at 6.5% ($12.5 million) of revenue.
Category2021 OPUC Performance Measures2021 ResultsStatus
PGE efficiencySave at least 21.1 aMW

Exceeded, with 24.2 aMW saved

Green dot
Exceeded
Levelized cost not to exceed 4.6 cents/kWh
Within requirement, levelized cost at 3.4 cents/kWh

Green dot
Within requirement
Pacific Power efficiencySave at least 17.1 aMW

Exceeded, with 19.8 aMW saved

Green dot
Exceeded
Levelized cost not to exceed 4.0 cents/kWhWithin requirement, levelized cost at 3.4 cents/kWh
Green dot
Within requirement
NW Natural efficiencySave at least 4.3 million annual therms
Exceeded, with 6.2 million annual therms saved

Green dot
Exceeded
Levelized cost not to exceed 51 cents/therm Within requirement, levelized cost at 36.9 cents/therm

Green dot
Within requirement
Cascade Natural Gas efficiencySave at least 0.49 million annual therms

Exceeded, with 0.53 million annual therms saved

Green dot
Exceeded
Levelized cost not to exceed 63 cents/therm

Within requirement, levelized cost at 41.8 cents/therm

Green dot
Within requirement
Avista efficiencySave at least 0.39 million annual therms
Exceeded, with 0.41 million annual therms saved

Green dot
Exceeded
Levelized cost not to exceed 48 cents/thermWithin requirement, levelized cost at 41.7 cents/therm

Green dot
Within requirement
Renewable energyFor project and development assistance (part 1), deploy at least $1.37 million in non-solar project development assistance incentives. Maintain a non-solar project development assistance pipeline in excess of 25 projects. Report number of projects served, total dollars spent and summarize project progress through development stages

Out of compliance, paid $613,473 million and committed $1,291,861 million in project development assistance to 28 projects. The program exceeded the benchmark for number of projects in the pipeline but was short of the benchmark for dollars deployed due to a slowdown in irrigation modernization efforts as a result of the pandemic and limited hydropower potential in some districts.

Red dot
Out of compliance
For project and market development assistance (part 2), report annual results, including number of projects supported, milestones met and documentation of results from market and technology perspective

In compliance

Green dot
In compliance
Obtain at least 2.5 aMW of installed generation of standard net-metered Solar program projects
In compliance, with 4.94 aMW of installed generation from standard solar projects

Green dot
In compliance
For solar projects funded outside of the Solar program’s standard, net-metered incentive offer, report sources of funding for projects and the criteria for selection

In compliance, dedicated budgeted incentive funds for five small-scale community solar projects
Green dot
In compliance
Financial integrityReceive an unmodified financial opinion from an independent auditor on annual financial statements
In compliance, with an unmodified financial audit opinion for 2021

Green dot
In compliance
Administrative/program support costsKeep administrative/program support costs below 8% of annual revenues (no more than $14,443,806)

In compliance, 2021 administrative and program support costs of 6.5% of annual revenues ($12,448,812)

Green dot
In compliance
Administrative/program support cost growth limited to 10% year-over-year increase (no more than $1,383,127)In compliance, with administrative/program support cost growth of 5.8% year-over-year ($677,100)

Green dot
In compliance
Staffing expendituresStaffing cost growth is limited to 9% year-over-year increase (no more than $1,354,779)
In compliance, with staffing cost growth of 3.2% year-over-year ($476,779)Green dot
In compliance
Customer satisfactionDemonstrate greater than 85% satisfaction rates for interaction with program representatives and overall satisfaction
In compliance, with a 93% satisfaction rate for interaction with program
representatives and a 93% overall satisfaction rate

Green dot
In compliance
Benefit/cost ratiosReport utility system and total resource perspective annually. Report significant mid-year changes as warranted in quarterly reports

In compliance, with no mid-year changes

Green dot
In compliance
Northwest Energy Efficiency Alliance and market transformationReport annually:
• Savings and costs
• Savings strategies
• Show Energy Trust direction to NEEA through committee membership
• Summary of Energy Trust direction to NEEA
• Summary of NEEA initiatives Energy Trust opts out of and why

In compliance

Green dot
In compliance
Diversity, equity and inclusion Implement a supplier diversity tracking system as outlined in the 2021 Budget and Action PlanOut of compliance, developed a Supplier Diversity Policy and began development of the tracking system for implementation in 2022

Red dot
Out of compliance
Develop a trade ally dashboard to track diverse spend in trade ally activities with stakeholder participation
In compliance, developed a trade ally dashboard to track on incentive and project completion activity for diverse trade allies

Green dot
In compliance
Complete implicit bias training for all hiring managers

In compliance

Green dot
In compliance