10-24-2022 BPU RPT 11 - Laserfiche WebLink

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RIVERSIDE PUBLIC UTILITIES Board Memorandum BOARD OF PUBLIC UTILITIES DATE: OCTOBER 24, 2022 SUBJECT: TRANSPORTATION ELECTRIFICATION AND ELECTRIFY RIVERSIDE REBATES USING LOW CARBON FUEL STANDARD REVENUE FOR A TOTAL OF $450,000 SUPPLEMENTAL APPROPRIATION ISSUES: Receive an update on transportation electrification and approve changes to existing Electrify Riverside rebate programs and consider proposed electric vehicle related rebates using Low Carbon Fuel Standard revenue in the amount of $450,000 for Fiscal Year 2022/23 and continue the authorization of the use of these Rebate Programs based on an annual report to the Board on the rebate programs. RECOMMENDATIONS: That the Board of Public Utilities recommends that the City Council: 1. Approve an increase to the rebate amount for the Residential Used Electric Vehicle Rebate from $500 to $1,000, and increase the additional rebate amount for SHARE customers from $1,000 to $1,500 using existing funds in the account for Fiscal Year 2022/23; 2. Approve changing the Non-Residential/Multifamily Electric Vehicle Charger Rebate to the Public Access EV Charger Rebates program, using existing funds in the account for Fiscal Year 2022/23; 3. Authorize the City Manager, or designee, to execute the Rebate Programs and take all necessary actions required or advisable to implement, administer, fund, and carry out the City responsibilities under the Rebate Programs, including the ability to make minor and non-substantive changes and to execute future amendments to the Rebate Programs under substantially similar terms and conditions; and 4. With at least five affirmative votes, authorize a supplemental appropriation in the total amount of $450,000 from the Electric Fund Low Carbon Fuel Reserve Account and appropriate expenditures to the EV Charger Installation at Public City Facilities Account.