Municipal Electrification
Financing Program
Municipal Electrification Financing Program
● $2m set aside in FY ‘22-’23 Budget to fund Municipal Electrification projects
● Intent is to provide funds through no/low interest financing to municipalities to pursue electrification projects with cities able to submit project proposals to EBCE during ‘open-season’ for projects that will commence construction within next 12 months
● City of Piedmont has near term opportunity to leverage $500k of these funds to support electrification of municipal pool and is seeking EBCE commitment of funds before end of 2022
● Staff proposes to begin working with Piedmont to structure $500k of financing while in parallel launching ‘call for projects’ that is open to all EBCE member cities. If EBCE receives more than $1.5m in project proposals, staff recommends increasing the budget for this program – up to an NTE of $6m
Item 5. Municipal Electrification Financing (Informational Item)
Ava Community Energy Executive Committee
October 28, 2022
- Document
- Item 5. Municipal Electrification Financing (Informational Item)
- Meeting
- October 28, 2022
- Body
- Ava Community Energy Executive Committee
- Original file
- 267 KB
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