| (9) |
| (a) | The office shall prepare a strategic energy plan to achieve the state's energy policy, including:
| (i) | technological and infrastructure innovation needed to meet future energy demand including:
| (A) | energy production technologies; |
| (B) | battery and storage technologies; |
| (C) | smart grid technologies; |
| (D) | energy efficiency technologies; and |
| (E) | any other developing energy technology, energy infrastructure planning, or investments that will assist the state in meeting energy demand; |
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| (ii) | the state's efficient use and development of:
| (A) | energy resources, including natural gas, coal, clean coal, hydrogen, oil, oil shale, and oil sands; |
| (B) | renewable energy resources, including geothermal, solar, hydrogen, wind, biomass, biofuel, and hydroelectric; |
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| (iii) | areas of energy-related academic research; |
| (iv) | specific areas of workforce development necessary for an evolving energy industry; |
| (v) | the development of partnerships with national laboratories; and |
| (vi) | a proposed state budget for economic development and investment. |
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| (b) | In preparing the strategic energy plan, the office shall:
| (i) | consult with stakeholders, including representatives from:
| (A) | energy companies in the state; |
| (B) | private and public institutions of higher education within the state conducting energy-related research; and |
| (C) | other state agencies; and |
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| (ii) | use modeling and industry standard data to:
| (A) | define the energy services required by a growing economy; |
| (B) | calculate energy needs; |
| (C) | develop state strategy for energy transportation, including transmission lines, pipelines, and other infrastructure needs; |
| (D) | optimize investments to meet energy needs at the least cost and least risk while meeting the policy outlined in this section; |
| (E) | address state needs and investments through a prospective 30-year period, divided into five-year working plans; and |
| (F) | update the plan at least every two years. |
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| (c) | The office shall report annually to the Public Utilities, Energy, and Technology Interim Committee on or before the October interim meeting describing:
| (i) | progress towards creation and implementation of the strategic energy plan; |
| (ii) | the plan's compliance with the state energy policy; and |
| (iii) | a proposed budget for the office to continue development of the strategic energy plan. |
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