Explanation
This legislation authorizes the Director of Public Utilities to accept the award for the 2022 EcoSmart Choice Sustainability Grant, G602100, in the amount of $101,536.31 from American Municipal Power, Inc. (AMP).
The EcoSmart Choice Sustainability Grant program was instituted by AMP to return unused funds to participating members, recognizing EcoSmart Choice participating communities that demonstrate a commitment to sustainability through the promotion of environmentally focused, community based grant projects. Funds are unused if market renewable energy certificate (REC) prices are lower than anticipated. Last year, the City had 97,333,022.5 kWh enrolled in the program, or 97,334 RECs. AMP approved the Division of Power’s (DOP) plan to use the 2022 grant award funds to offer smart thermostats at no or low cost to customers in connection with the ongoing Enhanced Meter Project (670500-100000). Expenditures of prior year EcoSmart Grant Funds contributed to DOP’s SMART Street Lighting Project.
FISCAL IMPACT
The EcoSmart Choice grant program returns unused program funds to participating members through sustainability grants, of which DOP is eligible for $101,536.31 for the 2022 EcoSmart Choice program year. The ordinance will authorize an appropriation of this same amount from the Electricity Grants Fund to offer smart thermostats at no or low cost to customers in connection with the Enhanced Meter Project.
Title
To authorize the Director of the Department of Public Utilities to accept the 2022 EcoSmart Choice Grant Award in the amount of $101,536.31 for the Division of Power; and to authorize the appropriation of $101,536.31 from the Electricity Grants Fund to offer smart thermostats at no or low cost to customers in connection with the Enhance Meter Project. ($101,536.31)
Body
WHEREAS, the Department of Public Utilities established the Enhanced Meter Project (670500-100000), a joint project between the Division of Water and th...
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