TITLE
Recommendation to authorize City Manager, or designee, to execute all documents necessary to enter into on-bill financing agreements with Southern California Edison, to fund the conversion of the City’s remaining streetlights, including the historic and decorative types, and the City’s park lighting at six regional parks, to light emitting diode fixtures;
Increase appropriations in the Gas Fund (EF 330) in the Long Beach Gas and Oil Department (GO) by $1,136,541, offset by funds available;
Increase appropriations in the General Capital Project Fund (CP) in the Public Works Department (PW) by $2,327,557, offset by SCE incentives, SCE on-bill financing, and a transfer of funds from the Long Beach Gas and Oil Department (GO); and
Accept Categorical Exemption Nos. CE-17-123 and CE-17-140. (Districts 1,5,6,7,9)
DISCUSSION
City Council approval is requested to enter into agreements with Southern California Edison (SCE) for on-bill financing (OBF) to help fund the installation of light emitting diode (LED) fixtures for the City’s remaining streetlights, including the historic and decorative types, and at six City parks. OBF is a financial mechanism that enables SCE customers to finance qualified energy efficiency projects. SCE's OBF program provides zero-interest, no-fee loans that can be conveniently repaid through the City's monthly energy bills. This project is also eligible to receive financial incentives from SCE that will lower monthly electricity costs. The City Council last approved the use of this financial mechanism for converting the City’s streetlight system to LED on December 1, 2015.
The City’s contractor, City Light & Power (CLP), completed the LED retrofit of traffic safety intersection lights (Phase 1) and is making significant progress in converting nearly 24,000 of the City’s streetlights to LED (Phase 2), which is anticipated to be completed by the end of 2017.
This project consists of Phases 3 and 4. Phase 3 will retrofit approxima...
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