06-04-10 BPU RPT 13 - Laserfiche WebLink

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W A P i I I N I N f, V I I I t RIVERSIDE PUBLIC UTILITIES Board Memorandum PUBLIC UTILITIES BOARD OF PUBLIC UTILITIES DATE: June 4, 2010 ITEM NO: 13 SUBJECT: RIVERSIDE PUBLIC UTILITIES ELECTRIC ENVIRONMENTAL AND ECONOMIC EFFECTIVENESS (E4) PLAN ISSUE: The issue before the Board is approval of the Riverside Public Utilities Electric Environmental and Economic Effectiveness Plan, RECOMMENDATION: That the Board of Public Utilities recommend that the City Council adopt the Riverside Public Utilities Electric Environmental and Economic Effectiveness (E4) Plan and direct staff to continue with all steps towards implementation. BACKGROUND: In the Mayor's State of the City Address, Riverside Public Utilities 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. Staff has developed a multi-faceted plan that promotes economic development while still being environmentally responsible. The plan includes components for energy efficiency, renewable energy, green jobs, economic development and low income assistance. The plan also includes an electric rate "freeze" through the end of 2012. Should the Board and City Council adopt the plan, staff will continue implementation of all specific areas. The E4 Plan will assist in Riverside continuing to be at the forefront of sustainabiRy and developing a green economy while creating a market segment that can provide jobs and local economic development. FISCAL IMPACT: All impacts of the plan are within Riverside Public Utilities Strategic Planning Goals and can be responsibly borne by the existing rate plan. Prepared and Approved by: David H. Wright, Public Utilities General Manager Approved by: Belinda J. Graham, Assistant City Manager Approved as to form: Gregory P. Priamos, City Attorney Certifies availability of funds: Reik A. Kerr Public Utilities Assistant General Manager Finance/Customer Services