Energy Innovation Pilot Program; established, report.

Energy Innovation Pilot Program established. Establishes the Energy Innovation Pilot Program to foster the development of innovative energy projects by allowing Program participants to provide grid services or other beneficial energy measures. Under the Program, a participant, after obtaining State Corporation Commission approval, is not required to comply with specific state statutes and regulations pertaining to the generation, transmission, or distribution of electric energy for sale, except for those laws and regulations that are required for worker safety, public safety, or environmental protection, for a period of five years. The bill includes provisions for application requirements, an approval process, Program exit procedures, a test period extension process, suspension or revocation of Commission approval, consumer protections, Commission investigations, and recordkeeping and reporting requirements.