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HomeMy WebLinkAbout8 Public Hearing Green Energy Rateenda Item # CONSENT To: Board of Directors From: Joe Horvath Date: July 18, 2018 Subject: Consideration of Scheduling a Public Hearing Related to Adoption of a Green Energy Rate 1. WHY THIS MATTER IS BEFORE THE BOARD This item involves scheduling a public hearing for the regularly scheduled August 1, 2018 Board meeting related to the adoption of a new Green Energy Rate and requires Board action. 2. HISTORY On June 6, 2018 a workshop was presented to the Board to discuss the proposed new District Green Energy Rate. The proposed Green Energy Rate is a new rate structure where an additional kWh charge that represents 100% renewable energy can be purchased by our customers. The proposed green energy rate premium is 4 cents per kWh and would be made available and promoted to all customer classes. 3. NEW INFORMATION Staff is proposing to conduct a public hearing at the August 1, 2018 Board meeting to present the Green Energy Rate for the Board's consideration. Some of the benefits available to District customers with a Green Energy Rate include: • Purchasing 1000/^ renewable resources to cover their load; • Reducing the District's dependence on non-renewable energy sources like • natural gas and other unspecified sources using fossil fuels; • Driving further expansion of wind energy and other renewable or carbon -free sources; and • Decreasing greenhouse gas emissions. The adoption of the Green Energy Rate would be according to the following schedule: • July 18, 2018 -Consideration of Scheduling a Public Hearing (tonight); • August 1, 2018 -Public Hearing; and 0 August 1, 2018 - Possible Approval of the new Green Energy Rate. If approved days later. by the Board, the new Green Energy Rate would become effective 60 4. FISCAL IMPACT There is no fiscal impact associated with scheduling a public hearing. 5. RECOMMENDATION Schedule a public hearing for the regularly scheduled District Board meeting on August 1, 2018 at 6:00 p.m. or soon thereafter for the purpose of receiving public comment on the proposed adoption of a new Green Energy Rate. Joe Horvath Electric Utility Director Michael D. Holley General Manager