Fiscal Note
The goal of purchasing 10% of the City's annual electrical energy in 2007 from renewable sources would cost approximately $17,000 for the purchase of "Green Credits." The current balance available in the Contingent Reserve is $965,000. There is no impact on the tax levy or eligibility under the State Expenditure Restraint program.
Title
Declaring City of Madison's interest in taking a leadership role in promotion of sustainable energy by promoting both energy efficiency and renewable energy for the City of Madison facilities and the community, and amending the 2007 Operating Budget to appropriate $17,000 for the purchase of renewable energy credits from contingent reserve.
Body
WHEREAS, a sustainable energy supply is critical to the well-being of our society;
WHEREAS, energy-efficient technology and renewable energy electricity sources are economically viable and available;
WHEREAS, City of Madison facilities, streetlights and traffic signals, public water supply wells and pumping stations, and wastewater pumping stations are major users of energy totaling 53,500,000 kWh in 2004 with an annual cost of $4,041,800;
WHEREAS, City of Madison's procurement of renewable power consists of an aggregated load of sufficient size to potentially have influence in the electricity marketplace on the development of clean and renewable resources;
WHEREAS, renewable electricity generated from "zero emission" sources such as solar, wind, and low-impact hydro have fewer adverse environmental consequences than fossil fuel generated power;
WHEREAS, the City of Madison has worked in partnership with Madison Gas and Electric Company (MGE) on the development of a photovoltaic canopy spanning parking spaces at the Madison Municipal Building to demonstrate and evaluate the performance of solar technology;
WHEREAS, the Transit Utility of the City of Madison has purchased 803,232 kWh per year of wind power paying a premium from 1999 to 2005 of $0.0333/...
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