TITLE
Recommendation to authorize City Manager, or designee, to execute all documents necessary to enter into On-Bill Financing agreements with Southern California Edison (SCE), and any other necessary documents, to fund the conversion of the City’s park lighting;
Increase appropriations in the General Capital Project Fund (CP) in the Public Works Department (PW) by $101,115, offset by a combination of revenue from SCE incentives and SCE On-Bill Financing; and
Accept Categorical Exemption CE-17-140. (Citywide)
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 park lighting. On June 20, 2017, the City Council approved OBF for LED conversion at six regional parks. The remaining City parks require approximately 900 LED lights to be retrofit. Significant progress has been made in the conversion to LED fixtures on the City’s streetlights. This is considered Phase 4B of the overall project.
OBF is a financial mechanism that enables SCE customers to finance qualified energy efficiency projects. SCE's program provides zero-interest, no-fee loans that can be conveniently repaid through the City's monthly SCE bills. In addition, this project can receive financial incentives from SCE, will lower monthly electricity costs, and produce long-term energy savings.
City Light & Power’s (CLP), the City’s contractor, proposed cost to convert the park lights to LED fixtures is $332,497. Staff will work with The Energy Network, a program funded by utility ratepayer funds, overseen by the County of Los Angeles, and operated under the auspices of the California Public Utilities Commission, and with SCE, to apply for those incentives and OBF funds. Specifically, the City will apply for $19,139 in incentives after retrofit of certain fixtures, and the ability to finance $81,976 of the project costs through a...
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