08-17-12 BPU RPT B - Laserfiche WebLink

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W A 1 E R E N E R G Y L 3 F F RIVERSIDE PUBLIC UTILITIES Board Memorandum PUBLIC UTILITIES BOARD OF PUBLIC UTILITIES DATE: August 17, 2012 ITEM NO: B SUBJECT: PUBLIC HEARING - PROPOSED ADOPTION OF THE TEMPORARY ECONOMIC DEVELOPMENT ELECTRIC RATE SCHEDULE AND EXTENSION OF THE BUSINESS RETENTION ELECTRIC RATE SCHEDULE AGREEMENT DEADLINE ISSUE: That the Board of Public Utilities consider adoption of a new Temporary Economic Development rate (Schedule TED) to encourage new businesses within Riverside Public Utilities' (RPU) electric service territory and extending the Business Retention rate (Schedule BR) agreement deadline. RECOMMENDATIONS: That the Board of Public Utilities: 1. Conduct a Public Hearing to receive input on the proposed Temporary Economic Development rate ("Schedule TED") for qualifying new commercial and industrial customers and extending the Business Retention rate (Schedule "BR") agreement deadline as outlined in this report; 2. Adopt a Resolution establishing Schedule TED and the revised Schedule BR, including guidelines to be used by the Riverside Public Utilities General Manager in determining the eligibility of customers for these rates; and 3. Recommended that the City Council adopt the appropriate Resolution approving Schedule TED and the revised Schedule BR; 4. Recommended that the City Council approve the proposed TED Rate Agreement (a sample of which is attached)for customers eligible for Schedule TED; and 5. Authorize the General Manager of Riverside Public Utilities to execute the TED Agreements with customers eligible for Schedule TED. BACKGROUND: Temporary Economic Development Rafe In the Mayor's State of the City Address in 2010, RPU was requested to provide assistance with a green economic development plan and to continue to take steps for Riverside to become the model solar city in Southern California. The RPU Electric Environmental and Economic Effectiveness (E4) Plan, approved by City Council in July 2010, was created to assist Riverside in continuing to be at the forefront of sustainability and developing a green economy while creating a market segment that can provide jobs and local economic development. The multi-faceted plan developed by staff promoted economic development while still being environmentally responsible. The plan included components for energy efficiency, renewable energy, green jobs, economic development, low income assistance, and an electric rate "freeze" through the end of 2012.