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HomeMy WebLinkAbout10/24/2024 - ENERGY BOARD - AGENDA - Regular Meeting ENERGY BOARD REGULAR MEETING October 24, 2024 – 5:30 pm 222 Laporte Ave – Colorado Room Zoom – See Link Below 1. [5:30] CALL MEETING TO ORDER 2. [5:30] PUBLIC COMMENT 3. [5:35] APPROVAL OF SEPTEMBER 12, 2024 MINUTES 4. [5:45] STAFF REPORTS (30 Min, Discussion) • Light & Power, Energy Services Operational Updates Travis Walker, Interim Deputy Director, Utilities Light & Power Brian Tholl, Senior Manager, Mechanical Engineer • Building Performance Standards Memo Update (Packet Item Only) Brian Tholl, Senior Manager, Mechanical Engineer • Riverside Community Solar Garden Update (Packet Item Only) Brian Tholl, Senior Manager, Mechanical Engineer Participation for this Energy Board Meeting will be in person in the Colorado Room at 222 Laporte Ave. You may also join online via Teams using this link: Click here to join the meeting Public Attendance & Comment Members of the public are encouraged to attend either in person or online. Members of the public attending in person are expected to sign in on the public sign-in sheet. During the “Public Comment” segment of each meeting, comment will be allowed on matters of interest or concern to members of the public, including items the Board will consider at that night’s meeting. Each speaker will only be allowed to speak one time during Public Comment. Online Public Participation: The online meeting will be available to join at approximately 5:15 pm, October 24, 2024. Participants should try to sign in prior to the 5:30 pm meeting start time, if possible. For public comments, the Chair will ask participants to click the “Raise Hand” button to indicate you would like to speak at that time. Staff will moderate the Teams session to ensure all participants have an opportunity to address the Board or Commission. To participate: • You do not need a Microsoft account or the Teams App to join or participate in the meeting. • Use a laptop, computer, or internet-enabled smartphone. (Using earphones with a microphone will greatly improve your audio). • Keep yourself on muted status. ENERGY BOARD REGULAR MEETING 5. [6:15] 2025 UTILITY RATES & FEES (45 Min, Decision) Randy Reuscher, Lead Analyst, Utility Rates Phil Ladd, Manager, Financial Planning & Assets 6. [7:00] DRAFT 2025 WORK PLAN (30 Min, Discussion) 7. [7:30] BOARD MEMBER REPORTS (5 min.) 8. [7:35] FUTURE AGENDA REVIEW (5 min.) 9. [7:40] ADJOURNMENT ENERGY BOARD REGULAR MEETING HOW TO JOIN A TEAMS MEETING WITHOUT A MICROSOFT ACCOUNT: You can join a Teams meeting anytime, from any device, whether or not you have a Teams account. If you don't have an account, follow these steps to join. 1. Go to the top of the agenda and select: Click here to join the meeting. 2. That'll open a web page, where you'll see two choices: “Continue on this browser” and “Join on the Teams app”. You do not need to install the Teams app to join the meeting. 3. If you join the meeting on your browser, Microsoft Edge or Google Chrome will both work. Your browser may ask if it's okay for Teams to use your mic and camera. When you select Allow, you should always turn off your mic and/or video once you join the meeting. 4. When you're ready, select Join now. 5. Tip: Join the meeting up to 15 minutes before the meeting start time to test your setup, troubleshoot, or see how Teams works. Meeting organizers and participants won't be notified that you've joined the meeting until 15 minutes before the scheduled start time. ENERGY BOARD September 12, 2024 – 5:30 pm 222 Laporte Ave – Colorado Room ROLL CALL Board Members Present: Alan Braslau, Thomas Loran, Frederick Wegert, Wendell Stainsby, Scott Canonico, Brian Smith, Marge Moore (remote) Board Members Absent: Jeremy Giovando, Eric Shenk OTHERS PRESENT Staff Members Present: Christie Fredrickson, Brian Tholl, Travis Walker, Randy Reuscher, Phil Ladd, Michael Authier, Brad Smith, Kimberly…, Mary Horsey (remote), Yvette Lewis-Molok (remote) Members of the Public: George Weston, Barbara Krupnik Goldman, Bill Althouse (remote), Leigh Gibson (PRPA, remote), Sue McFaddin (remote) MEETING CALLED TO ORDER Chairperson Loran called the meeting to order at 5:30 pm. ANNOUNCEMENTS & AGENDA CHANGES Chairperson Loran announced that beginning in October the online meeting platform will be moving to Microsoft Teams (away from Zoom). Ms. Fredrickson noted that instructions will be included with next month’s agenda for both the Board and members of the public. She noted that meeting attendees will not be required to have a Microsoft account in order to join or participate in the meeting. PUBLIC COMMENT Ms. Krupnik Goldman said she is a believer in climate change, and changing words or goals will not change the reality that the climate emergency is real and happening now. She said our actions should align with reality. She hopes the Board will ask City Council to pass a resolution requiring oversight by NREL before Platte River moves forward with the Integrated Resources Plan. Ms. Krupnik Goldman went on to say she realizes that though City Council is not the Platte River Board, they do have a fiduciary duty to the rate payers and the City of Fort Collins; they should want to be sure it is the best plan, the fairest plan, and especially that the plan is framed around climate and climate impact. Chairperson Loran asked Ms. Krupnik Goldman for clarification, would she rather see the “no additional carbon” option? She confirmed yes, that is her preferred option. Mr. Althouse said that under state law, all retail rates must be regulated. In this case, as a municipal utility, the fiduciary obligation lies with City Council; they should be the one conducting or authorizing the review. APPROVAL OF MINUTES In preparation for the meeting, board members submitted amendments via email for the August 8, 2024, minutes. The minutes were approved as amended. BUILDING ENERGY CODE AND PATH TO ZERO CARBON NEW CONSTRUCTION UPDATES Brad Smith, Energy Code Project Manager ENERGY BOARD REGULAR MEETING As a home rule state, Colorado does not have a state-adopted energy code. This is beneficial because jurisdictions can amend and adopt building codes as they see fit. The City of Fort Collins has one of the most progressive building codes in the nation. The Colorado Energy Office is spearheading new legislation that could change how the City adopts and amends building codes in the future; House Bill 19-1260 establishes a minimum energy code (must adopt a code from the last three code cycles), and HB 22-1362 is legislation around code for building greenhouse gas emissions. HB 1362 drove the establishment of a statewide energy code board which was tasked with developing with EV, PV, and electric ready codes, and a low energy and carbon code is currently in development. Mr. Smith noted that we can only push so hard because we do not have the workforce across the entire state to get super aggressive with building energy code. In addition, the Colorado Energy Office will develop a Model Green Code that local governments may voluntarily adopt, alongside the required energy code. The model green code will address building attributes such as energy efficiency (above minimum code), water efficiency, and embodied carbon in building materials. The International Code Council (ICC) body of codes is published every three years (2015, 2018, 2021, etc.) The 2021 body of code was adopted with local amendments on April 15, 2022. Staff is currently reviewing the 2024 code, which will be adopted and layered with the code that is in development. Mr. Smith explained the three approaches to code adoption: open hearing, private process, and somewhere in between. The approach will vary by jurisdiction, but generally during an open hearing anyone can propose a change, and a committee hears and votes on all proposals. In a private process, staff pour through the codes to see what has changed and if any amendments are needed, then they make a list of recommendations to their city council. The “in between” allows stakeholders to be involved in the process (voice concerns or ideas) so that they are a part of the process and not just hearing about it after it’s already law—this is where the City of Fort Collins currently sits. There are four compliance paths available for energy code: prescriptive, UA alternative, performance, and ERI (residential)/ASHRAE 90.1 (commercial). Prescriptive is known as the more traditional way of adhering to building code and dictates how to build exactly. UA Alternative requires building energy modeling, and the UA score cannot exceed the code’s maximum UA. Performance also requires building modeling, but the modeling demonstrates an annual energy cost that does not exceed the code baseline. ERI/ASHRAE requires modeling to an energy score annual cost which cannot exceed the code baseline. Fort Collins uses the Performance Path for new construction because it provides flexibility, transparency, real energy outcomes in both kWh and therms, fossil fuel de-biasing of the code, and data-informed decision-making. Building codes are aligned with the Our Climate Future Plan under Big Move 6: Efficient, Emissions Free buildings. The next move that supports Big Move 6 is to develop an energy performance path for new construction to zero carbon building by 2030. Mr. Smith pointed out the word carbon to emphasize that it is not zero energy so we can move toward electrification. Chairperson Loran asked if that is inclusive of materials like concrete and steel. Mr. Smith said embodied carbon is difficult to calculate right now, but it is something staff plans to keep an eye on and adapt as available. The Department of Energy Bipartisan Infrastructure Law presented a funding opportunity at the end of 2022 to award $45 million over a five-year period. An anticipated 10-30 awards would be given to receive a share of the $45 million for project teams ready to advance building energy codes and efficiency policies within a particular region, state, or local jurisdiction. Fort Collins submitted an application on ENERGY BOARD REGULAR MEETING March 27, 2023, and was awarded $693,595 on July 12, 2023, to develop methodology that establishes Energy Use Intensity (EUI) and CO2e targets as well as a performance code. Fort Collins was the only jurisdiction awarded funding out of the 27 awarded applications. CAPITAL IMPROVEMENT PLAN AND INPUTS TO UTILITY RATES Randy Reuscher, Lead Analyst, Utility Rates Phil Ladd, Manager, Financial Planning & Assets The Utility has several operational goals throughout the budgeting process: maintain current level of reliability, achieve carbon-reduction objectives related to Our Climate Future, provide adequate substation distribution and capacity, and balance financial impacts to customers. In 2023, the Utility brought in about $163 million. Residential electric services were 39% of revenues, commercial were 30%, industrial charges for services was 21%. Pilots (5%), developmental fees (3%), and interest/miscellaneous revenue (2%) all make up the remaining 10%. Light & Power’s operating revenue budget is roughly $170 million in 2025 and $180 million in 2026. Public improvement and development fees are budgeted fairly conservatively since they are highly influenced by the economy and supply chain. Expenses in 2023 totaled about $159 million, the largest expense being purchase power from Platte River (63%). Chairperson Loran asked if overhead is proportionally increasing, overhead. Mr. Reuscher said it has generally been consistent, but going forward the capital side of things presents a new challenge. Board member Smith asked how our operations compare to the other electric Utilities. Mr. Reuscher said we don’t have exact numbers, but things are very similar within the other three owner communities. Mr. Tholl added the more common metric is called blended retail rate from CAMU. Mr. Reuscher said staff is not prepared with that information tonight but would be happy to share with the Board in October when they return. The Capital Improvement Plan (CIP) has inflated threefold since 2016. Mr. Reuscher explained that some of the increase is inflationary, and some of it is larger projects (substations, technology upgrades, etc.). He reiterated this is a big-picture plan, and as the two-year budget cycle evolves, things will be revised. Mr. Reuscher displayed a chart showing the rate increase forecast for all four City utilities over the next 10 years. The Utility is budgeting for 6.5% and 6% electric rate increases in 2025 and 2026, respectively. Platte River is the Utility’s largest rate driver due to wholesale costs, making up about two-thirds of the electric rate (the remaining third is made up of distribution and operational costs). Platte River is forecasting 6% wholesale increases from 2027 through 2030 (which is passed on to resale customers), but Platte River and Utilities Staff both expect lower wholesale and distribution increases beginning in 2031 (3-5% instead of 7-8%). Mr. Reuscher noted that these are iterative projections and will continue to change as things evolve locally. Mr. Reuscher and Mr. Ladd will be back next month to present 2025 rates and fees and will be seeking a formal recommendation from the Board. If possible, the Board would also like to see more granularity regarding rate changes between 2030-2031 since it is such a significant change. Board member Braslau noticed that there are large rate increases across all four utilities in the rate forecast, which will have significant impacts to utilities customers. Mr. Reuscher said Capital Projects are planned in all the utilities, which is significant rate driver but as the projects get closer the costs and associated rate impact will become more concrete. Board member Smith asked if it is possible to stagger the capital projects to help ease the rate impact. Mr. Reuscher said staff does try to rate smooth whenever possible and look for funding or bonding opportunities to help reduce significant spikes. ENERGY BOARD REGULAR MEETING CITY MANAGER’S RECOMMENDED BUDGET Brian Tholl, Senior Manager, Mechanical Engineer The City of Fort Collins follows a two-year budget cycle for the 2025-2026 Budget. The process begins with Council adoption of the Strategic Plan and council priorities which are used to create the Offers for the programs and services that are provided to our Community. The City Manager’s recommended budget is published and available to review at www.fcgov.com/budget There are several opportunities for public comment about the budget, including Council meetings and public hearings; the final adoption of the 2025/26 budget is scheduled for November 15. Mr. Tholl briefly discussed five Energy Services ongoing budget offers (7.1, 7.2, 7.3, 7.4, 7.5) and displayed how the budget changed from 2023/24 to 2025/26. There are also four enhancement offers (7.6, 7.23, 7.24, 7.25) that Mr. Tholl thought the Board may be interested in. Offer 7.26 is for Electric Vehicle Monitoring and Management Demonstration. Funding this offer will add an additional 200 electric vehicles to existing telematics based and to proposed new EV charger based. Grid flexibility programs staff negotiated a waiver of all fixed program startup costs with the vendor (Available FY 2025 only), a savings of over $100,000. The Utilities Smart Charging program, part of the larger Peak Partners branded programs, integrates a variety of distributed energy resources into our software platform, which is the foundation for a virtual power plant. Offer 7.23 is for Virtual Power Plant Development. Funding this offer will enroll and deploy 2,300 additional customer sited Peak Partners program VPP resources toward achieving 2030 Our Climate Future (OCF) goals. Resources include Wi Fi thermostats (direct install and Bring Your Own), distributed thermal batteries (standard and grid interactive water heaters [GIWH]) and electric vehicle charge management controls (charger and telematics based). This enhancement offer aligns with the deployment of devices necessary to achieve the Our Climate Future goal of 5% bidirectional grid flexibility of peak loads by 2030. Offer 7.24 is for Strategic Electrification Design Assistance. Funding from this offer is sourced from the 2050 Tax for Climate and will accelerate strategic electrification in the community by providing design assistance for commercial and residential new construction projects as well as consulting for deep retrofit renovations for affordable housing. This design assistance will provide expert influence in high efficiency electrification strategies that will accelerate the community’s 2030 climate goals. This proposed enhancement would allow IDAP to provide the energy consultant at no cost, making participation easier for underserved affordable housing projects. Additionally, funding from this offer will be used to implement an innovative home design program that will provide no cost, preapproved design plans with ultra-high efficiency panelized construction that will reduce community greenhouse gas emissions. Offer 7.25 is for the Epic Loan Program Funding. Funding from this offer is sourced from the 2050 Tax for Climate and will help the Epic Loans program continue to resource electrification and renewable projects by buffering interest rates in the Fort Collins on bill financing program. Blending low-cost capital with capital loans through agreements with private banks has a proven track record of stretching limited low- cost capital and helps to meet the growing demands of the community. The key to success is to have enough low-cost capital to blend into the portfolio to help buffer higher bank rates. Adding this offer to the mix would allow the program to continue to grow and find ways to continue to scale ENERGY BOARD REGULAR MEETING budget offers that relate to Environmental Health Outcomes in the Strategic Plan. Mr. Tholl explained how budget offers become eligible to use funding from the 2050 Tax Appropriation. At a minimum, a proposed project or program (offer) needed to align with the ballot language to be “eligible” As an organization, the City always strives to invest resources to achieve multiple outcomes at once, with the acknowledgement that many of our systems, services, and goals intersect in community members’ daily experiences. Offers that aligned with the ballot language and had multiple benefits were considered “optimized.” Mr. Tholl noted that this is a long game, and the focus should remain on the foundational and transformational actions we can take now to become a carbon neutral community. He also said that not all available revenue from the 2050 Tax is accounted for, which is intentional as staff anticipates Council wanting to have resources available for the 2026 budget revision process next spring. MEMO: PLATTE RIVER’S INTEGRATED RESOURCES PLAN Board members reviewed the drafted memo and discussed some changes they may like to make to the final copy. Board members Canonico and Smith volunteered to complete the memo. Board member Wegert moved Board members Canonico and Smith work together to complete the memo with changes as discussed. Board member Braslau seconded the motion. Discussion: None. Vote on the Motion: It passed unanimously, 7-0, with two board members absent. BOARD MEMBER REPORTS Board member Braslau it is extremely difficult to work with contractors, especially when it comes to efficiency upgrades. He said there is more to be done in educating and supporting contractors and the building community. FUTURE AGENDA REVIEW In October, the Board will hear a presentation about 2025 utility rates and fees, operational updates from Light & Power and Energy Services, and the Board will begin drafting their 2025 Work Plan. ADJOURNMENT The Energy Board adjourned at 8:08 pm. Headline Copy Goes Here Interim L&P Director, Utilities Travis Walker Light & Power – Electrification Discussion 9-19-24 Brian Tholl Manager, Utilities Energy Services Headline Copy Goes Here The City of Fort Collins and Utilities have several methods, or “levers”, for making community progress with electrification. Managing a diverse portfolio of methods can optimize: •Cost effectiveness •Meeting customer service needs •Our Climate Future goal achievement •Reliable, affordable, environmentally responsible electricity Methods or "Levers" Fort Collins Electrification Strategy Utility Rates Incentives Financing Other City Fees Distribution Grid Contractors & Workforce Advanced Grid Management Policies Building Codes Standards Education Awareness Transparency Technical Assistance Headline Copy Goes HereFort Collins Electrification Strategy Utility Rates Incentives Financing Other City Fees Distribution Grid Contractors & Workforce Advanced Grid Management Education Awareness Transparency Technical Assistance Policies Building Codes Standards Methods are tailored for segments of the community to be most successful. •Existing buildings impacts recognized by economic and behavioral levers. •New construction impacts mostly recognized by regulatory and infrastructure levers. Areas of Impact Headline Copy Goes Here The distribution grid will be evolving throughout electrification of the community assets. At this time, Utilities is well positioned to support community electrification, and has led in several ways •Resource planning efforts •Asset management plan and CIP •Distribution impacts studies DISTRIBUTION GRID Area of Impact Area of Impact – Distribution Grid 4 Utility Rates Incentives Financing Other City Fees Distribution Grid Contractors & Workforce Advanced Grid Management Education Awareness Transparency Technical Assistance Policies Building Codes Standards Headline Copy Goes Here 5 Utilities and PRPA planning efforts Utilities Resource Planning: Key takeaways: •Utilities and Platte River: high confidence in common forecasts for future load growth •Economic and regulatory levers will impact changes in infrastructure & planning •Alignment of priorities and workflow •Using common inputs and assumptions to studies and evaluation •Including building and transportation electrification in resource planning Headline Copy Goes Here 6 Asset management and distribution planning Historical asset management supports electrification through: • Annual cable replacement program ($375k - $775k per year) • Annual distribution transformer upgrades ($700k - $3M per year) • System additions and replacements ($6M per year) • Distribution automation efforts ($200k per year) • Software and customer programs ($1M per year) Key Takeaways: •Asset management has co-benefit of enabling electrification •Importance for continued investment to smooth and not need any substantial ramp up Headline Copy Goes Here 7 CIP and Bond Proceeds Spending System Concerns:Plan Moving Forward: •Being prepared for current and future development projects. •Having stock to replace existing transformers. •Hardening the system to allow for Beneficial Electrification (BV) and Electric Vehicles (EV) deployment across the City. •Load distribution and optimization. •Safety. •Reliability. •Purchasing transformers to get back to Pre-Covid stock numbers. •Increasing Cable Replacement Projects. •Expediting a Rear Lot – Front Lot Conversion Program. •Off-loading circuits to establish a better balance between substations. •Selecting and implementing new software to help response, efficiency, and accuracy. Headline Copy Goes Here 8 Distribution Impacts Studies Apex Analytics – How electric heat impacts local distribution study Key study findings: •Winter peak demands associated with electrically-heated homes are smaller than previously anticipated​ •Studying AMI data enhanced our understanding of actual electric loads in winter and summer •Confirmed building code focus on building envelope will support more community electrification Lawrence Berkley Labs – Feeder Impacts study Key study findings: •Winter peak demand more than doubles (134% growth)and summer peak demand increases by 59% through 2040. •Existing feeders do not exhibit substantial thermal overloads through 2040. Planning needs to include electrification assumptions for infrastructure beyond 2040. Headline Copy Goes Here 9 Next Steps •Enhance CIP for strategic electrification •Align Asset Management Strategies with known constraints •Electric capacity fee evaluation •Align future state-run IRA rebates and financing with Utilities programs •Support Council priority for GHG reduction and air quality •Adopt 2024 Building code with enhancements (Q2 2025) •Efficiency for buildings through building performance standards (BPS) •Monitor GRIP grant submission •New ADMS evaluation •Program messaging related to conservation •Program enrollment and design enhancements Peak Partners •TOD + Tier Elimination Utilities 222 Laporte Ave. PO Box 580 Fort Collins, CO 80522 970-212-2900 utilities@fcgov.com CC: Jacob Castillo, Chief Sustainability Officer; Gretchen Stanford, Utilities Deputy Director; Katherine Bailey, Energy Services Project Manager MEMORANDUM Date: September 3, 2024 To: Mayor and City Councilmembers Through: Kelly DiMartino, City Manager Travis Storin, Chief Financial Officer From: Brian Tholl, Energy Services Manager Subject: Building Performance Standards BOTTOM LINE This memo provides additional information on topics identified by Councilmembers during the June 11, 2024 Work Session, including: 1. City of Fort Collins buildings’ compliance with proposed Building Performance Standards (BPS) efficiency targets 2. Incremental costs associated with BPS program administration 3. Summary of feedback from the Climate Equity Committee 4. Outline of compliance pathways and support for building owners Through 2030, staff forecast BPS program implementation, including staffing, technical services and other resources, will require an additional estimated $4.2 million to implement and achieve program outcomes. Additionally, for those City-owned buildings not already compliant with proposed efficiency targets, staff forecast approximately $5.3 million of additional capital funds will be needed to reach 2030 and 2035 efficiency targets. BACKGROUND On April 23, 2024, staff discussed proposed BPS policy recommendations, which would require commercial and multi-family buildings 5,000 square feet and larger to meet specific efficiency targets or comply using an alternate compliance pathway. Recommendations exclude buildings Docusign Envelope ID: A994D4CE-0F76-4514-A050-6271D8DA4D1B Page 2 of 8 50,000 square feet and larger that comply with State of Colorado BPS. Councilmembers showed general support and requested further information on implementation and building owner support. At the June 11, 2024 Work Session, staff recommendations focused on the importance of sufficient support to achieve efficiency targets, including significant building owner education. City Buildings’ Compliance Status: Review and evaluation of current City properties confirms that approximately 55% of City-owned buildings are currently in compliance with the proposed BPS efficiency targets. The table below represents a summary of buildings covered by proposed efficiency targets, while Attachment 1 provides further detail. City buildings may not fully reflect the buildings in our community (both property types and management may differ), however, the City’s building portfolio is closer to reaching proposed efficiency targets than community buildings as a whole. Table 1: City Building Summary BPS requirement Total buildings Number in compliance Percentage in compliance Built area (ft²) Estimated cost to comply Cost per built area ($/ft²) City-owned buildings covered by proposed efficiency targets 38* 21 55% 603,080 $5,285,200 $8.76 *Some buildings may no longer be owned by the City by target deadlines The estimated cost to reach compliance for City-owned buildings that do not already comply with proposed targets is $5,285,200. This estimate includes the full replacement cost of equipment that is reaching the end of life as well as any other necessary updates within those buildings. Additional investments will be required for planned and necessary improvements in other buildings, including those covered by the existing state BPS. Docusign Envelope ID: A994D4CE-0F76-4514-A050-6271D8DA4D1B Page 3 of 8 Staff have included offers in the Budgeting for Outcomes process to align with the City asset management plan. City staff are currently seeking a third-party consultant to support and review upcoming projects and align them with local, state and federal funding sources, including both tax credits and other up front funding resources. Before efficiency targets were evaluated and included in the proposed BPS policy, Municipal Code §12-203(c) outlined standard efficiency reductions in City buildings. Councilmembers provided feedback that City-owned buildings should be subject to the same requirements as the rest of the community. Staff suggest modifying the existing municipal code should the proposed BPS be adopted. Implementation Cost Evaluation: Efficiency incentives, technical services and other resources to implement the proposed BPS are available using Utilities enterprise funds. Specifically, 2025/2026 ongoing Offers 15.1 – Utilities: Light & Power - Wholesale Purchased Power and 7.2 Utilities: Light & Power - Energy Services fund approximately $3.4 million annually for commercial building energy efficiency programming. Evaluation of the likely expenses for administration of the proposed BPS policy confirms that a successful policy implementation for all community buildings will require an additional average of $870,000 annually, with expected variation from year to year. The fluctuation is due to projected increased building owner engagement prior to target years, technical services deployment and efficiency incentive payments throughout the implementation period. A full breakdown of the estimated implementation budget and existing planned resources is included as Attachment 2. Staff are actively considering options for funding of the project, including potential use of 2050 tax funds beginning during the 2026 budget revision process. 2050 tax reserve dollars are planned to be in excess of the incremental amount required and may represent an opportunity for community funding with Council support. Docusign Envelope ID: A994D4CE-0F76-4514-A050-6271D8DA4D1B Page 4 of 8 Included in the estimated implementation budget is an early adopter bonus incentive to encourage early awareness and engagement, as well as additional incentives for under- resourced buildings (those with less access to resources necessary to comply). In addition to one full-time City employee and one half-time employee currently budgeted that will support program implementation, Staff propose an additional half-time employee, along with additional technical and vendor support for community building owners. Staff continue to evaluate funding opportunities, including grants, partnerships, federal opportunities and more to maximize community resources. An example of funding and tax credit opportunities is available in the Cost Benefit Analysis submitted with the Council Work Session on April 23, 2024. Staff plan ongoing annual evaluations of supporting resources should the policy be adopted, including an in depth analysis of resources and engagement ahead of the 2027 interim target. Climate Equity Committee feedback: The Climate Equity Committee (CEC) formed in 2023 as a resource to help guide projects and programs, as they are being developed or implemented, toward more equitable processes and outcomes. The CEC had an initial meeting with BPS program staff in January 2024 to review policy recommendations and potential equity impacts. Key areas of discussion included outlining how the CEC can support and inform equity throughout BPS implementation. On June 24, 2024, BPS program staff met with the CEC to discuss ongoing work defining and engaging with under-resourced buildings, and a subsequent meeting provided additional space for questions. Feedback included:  Acknowledge the need to prioritize occupants and tenants of under-resourced buildings and affordable housing  Tenant challenges: high utility bills, poor communication with landlords, fear of retaliation if they share challenges  Reciprocity in engagement: be clear about what we offer the community Docusign Envelope ID: A994D4CE-0F76-4514-A050-6271D8DA4D1B Page 5 of 8  Consider collaboration with community consultants  Seek community representatives that are not likely to suffer from engagement fatigue  Acknowledge that embedding long term engagement strategies into the implementation approach will be critical The Climate Equity Committee and BPS program staff plan further upcoming meetings to continue to discuss actionable steps supporting equity and engagement. Compliance Pathways and Support: Best practice documents and Community Contributors encourage simplicity in BPS program design to the greatest degree feasible, while also emphasizing the importance of flexibility. Compliance pathways outlined below are designed to balance these imperatives. Staff welcome feedback on both proposed compliance pathways and support for under-resourced buildings. Compliance pathways: BPS structure and metrics vary across jurisdictions with existing policies. After deliberating, the Task Force recommended local BPS compliance pathways focus on meeting efficiency targets. This approach is supported by other Community Contributors as well for the following reasons:  Efficiency targets allow maximum flexibility, and account for building owners’ preferences (building owners may have their own sustainability goals or planned upgrades that align with efficiency targets).  Efficiency targets provide a clear forecast of achievable savings.  When paired with appropriate alternate pathways (or ‘safety nets’) efficiency targets account for the wide variety of functions and usage in buildings.  Efficiency targets reward owners of very efficient buildings. Efficiency targets are complex, in the sense that many paths forward are possible. However, our Community Contributors believe that they ensure flexibility, cater to variable building uses, and represent the best approach for our community. Deadlines associated with efficiency targets and possible citations follow the timeline in the table 2. Docusign Envelope ID: A994D4CE-0F76-4514-A050-6271D8DA4D1B Page 6 of 8 Table 2. BPS Targets and Penalty timeline 2027 2028 2030 2031 Interim Target based on 2027 whole year data Citations issued for missed targets Target based on 2030 whole year data Citations issued for missed target Alternate pathways: Alternate pathways provide a ‘safety net’ for buildings that may struggle to reach proposed efficiency targets. Our Community Contributors stressed the need for maximum flexibility, which includes alternate pathways when appropriate. Staff propose the following alternate pathways be included in the local BPS:  Waivers: Exclude certain buildings from requirements (e.g., buildings that have demolition permits or buildings in financial distress).  Timeline Adjustments: Provide more time to comply when needed (e.g., due to supply chain disruption). Staff will use consistent criteria to determine eligibility for individual buildings.  Target Adjustments: Provide alternate efficiency targets when warranted (e.g., historic buildings may not be able to make the changes needed to meet targets). Staff will use consistent criteria to determine eligibility for individual buildings.  Caps: Limit the maximum reduction any building would need to make. Find more details in Community Contributor Recommendations, Work Session Materials April 23, 2024. Docusign Envelope ID: A994D4CE-0F76-4514-A050-6271D8DA4D1B Page 7 of 8  Renewables: Provide credits for buildings with onsite renewables. Find more details in Community Contributor Recommendations, Work Session Materials April 23, 2024. Additional support for under-resourced buildings: Best practice and Community Contributor recommendations support providing additional resources to under-resourced buildings. Ongoing work throughout 2024 seeks to define and identify these buildings, and thereafter engage with building representatives (facility managers, landlords, owners) and occupants to determine their true barriers to increased efficiency. Community Contributors with subject matter expertise have shared that under-resourced building owners are likely to benefit from enhanced technical, financial and project management support, along with customized communication and engagement. Staff are planning advanced technical assistance, higher incentives, and enhanced communication and engagement strategies that ensure building owners understand available resources and how to access them (see Implementation Guide, June 11, 2024 Council Work Session materials). Staff anticipate opportunities to learn from impacted parties, especially building owners, throughout early implementation. That input can impact how we communicate program information and the potential for implementation process improvements. NEXT STEPS Staff continue to partner with the community to develop and deploy resources that support building owners throughout implementation, acknowledging significant direct support is foundational to a successful policy. Staff are further engaging the community around program data and policy specifics, working toward a broader understanding of complex recommendations across the community. Targeted group meetings with building representatives to refine technical resources along with broader community meetings to openly share recommendations and supporting data are under development as Staff continue to define resources and work to share information and build trust across a wider audience. Docusign Envelope ID: A994D4CE-0F76-4514-A050-6271D8DA4D1B Page 8 of 8 Staff request input from Councilmembers on the proposed policy framework, including proposed timeline, covered building types and sizes, targets, along with proposed the implementation plan. Staff would be happy to discuss any feedback or proposed changes in an upcoming work session, and to continue to share details on ongoing engagement as the policy development progresses. Docusign Envelope ID: A994D4CE-0F76-4514-A050-6271D8DA4D1B Attachment 1: City building 2023 energy use intensity (EUI) status to 2030 Targets Local BPS Covered City-Owned Property Name Built Area (ft²)2023 EUI (kBtu/ft²) 2030 EUI Target (kBtu/ft²) Meet Proposed BPS Target 117 N Mason 15,500 41.1 56.4 X 200 West Mountain 11,540 68.0 56.4 212-218 W Mountain 6,225 70.2 71.1 X 214 N Howes 6,917 81.7 69.4 222 Laporte Avenue 36,417 28.2 56.4 X 281 North College 37,603 49.7 56.4 X Car Barn 15,000 17.8 35.6 X Carnegie Museum 12,853 65.1 65.8 X City Hall 31,553 119.4 89.6 Club Tico 12,260 30.5 61.4 X Collindale Clubhouse 14,660 223.3 219.3 East Park Shop 6,700 32.1 35.6 X Fleet Services 23,200 58.9 56.0 Fleet Services Annex 11,637 54.7 52.1 Foothills Activity Center 24,445 38.6 61.4 X Fossil Creek Park Shop 6,550 104.0 110.1 X Gardens on Spring Creek 9,740 108.4 99.5 Hoffman Mill Vehicle Storage 8,546 87.5 84.4 Hoffman Mill Warehouse 6,471 14.7 35.6 X Indoor Shooting Range 7,500 113.8 96.7 Loomis Warehouse 20,244 34.9 35.6 X Mulberry Pool 25,000 290.9 218.2 Museum of Discovery 46,928 41.2 56.4 X Nix Farm Maintenance Facility 7,552 58.8 50.0 Nix Farm Vehicle Storage 5,000 70.5 59.9 North Transit Center 6,013 99.4 84.5 North-Side Aztlan Center 49,800 41.3 111.5 X Operation Services 26,564 32.0 56.4 X Parks Shop 21,075 38.0 43.5 X Ricker Brothers Warehouse 14,160 59.4 46.6 Southridge Golf Clubhouse 5,000 211.4 179.7 Spring Canyon Park Shop 5,500 105.8 89.9 Traffic Ops 9,500 72.0 67.8 Utilities Vehicle Storage Bldg E 13,475 64.2 109.4 X Utilities Vehicle Storage Bldg F 10,000 24.3 109.4 X Utilities Water Meter Shop Building D 10,000 57.6 109.4 X Utilities Water Vehicle Storage 15,252 46.8 109.4 X Utility Vehicle Storage Building C 6,700 61.4 109.4 X This list includes buildings that will not be in the City portfolio by target deadlines due to anticipated sale, demo, other Docusign Envelope ID: A994D4CE-0F76-4514-A050-6271D8DA4D1B Setup / Upfront 2025 2026 2027 2028 2029 2030 Totals Notes City Budget - Administration $180,000 $327,660 $341,506 $355,964 $371,059 $386,821 $403,280 $2,186,290 Staff $85,000 $288,660 $301,056 $313,991 $327,488 $341,571 $356,267 $2,014,034 1.5 FTE Existing, 0.5 FTE New - Efficiency Navigator Resources -software $95,000 $39,000 $40,450 $41,973 $43,571 $45,250 $47,012 $352,255 Building Hub & technology integration City Budget - Services and Incentives $2,458,832 $4,432,704 $3,127,246 $4,700,707 $3,211,281 $4,104,316 $22,035,086 Technical Services $0 $198,000 $1,045,800 $930,000 $1,435,500 $1,069,500 $1,342,500 $6,021,300 75% covered buildings pursue technical assessment Rebates and Incentives - Base $0 $1,336,062 $2,004,671 $1,847,626 $2,744,753 $1,800,278 $2,319,943 $12,053,333 10% incentive total project cost Rebates and Incentives - Additional for Early Adoption $0 $668,031 $1,002,335 $0 $0 $0 $0 $1,670,367 50% rebate bonus for early proejcts in 25/26 Rebates and Incentives - Additional for Under Resourced $0 $256,739 $379,898 $349,620 $520,454 $341,503 $441,873 $2,290,087 200% rebate bonus for Under Resourced Buildings City Budget Program Total $2,786,492 $4,774,211 $3,483,209 $5,071,766 $3,598,102 $4,507,596 $24,221,376 Forecasted budget available $3,451,423 $3,445,011 $3,430,588 $3,417,200 $3,405,353 $3,383,072 $23,743,727 Personnel & administrative $240,343 $261,731 $273,138 $285,047 $297,482 $310,467 $1,668,209 From Offer 7.2 - Energy Services Ongoing Offer EW Business Techncial assistance budget for Fort Collins $575,520 $586,560 $598,560 $610,560 $622,560 $622,560 $4,191,840 From Offer 15.1 - Wholesale Purchased Power EW Business Incentives budget for Fort Collins $1,990,560 $1,950,720 $1,911,840 $1,873,440 $1,836,000 $1,799,520 $13,352,640 From Offer 15.1 - Wholesale Purchased Power CFC Business Incentives Budget $500,000 $500,000 $500,000 $500,000 $500,000 $500,000 $3,500,000 From Offer 7.2 - Energy Services Ongoing Offer Marketing & awareness $20,000 $21,000 $22,050 $23,153 $24,310 $25,526 $156,038 From Offer 7.2 - Energy Services Ongoing Offer Software and Tools $125,000 $125,000 $125,000 $125,000 $125,000 $125,000 $875,000 From Offer 7.2 - Energy Services Ongoing Offer Difference $664,931 -$1,329,199 -$52,621 -$1,654,566 -$192,749 -$1,124,523 -$3,688,729 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 2025 2026 2027 2028 2029 2030 BPS Implementation Budget Budget Available Estimated Budget Docusign Envelope ID: A994D4CE-0F76-4514-A050-6271D8DA4D1B Utilities Customer Connections 222 Laporte Ave. PO Box 580, Fort Collins, CO 80522 CC: Cyril Vidergar, Sr Assistant City Attorney, Travis Storin, Chief Financial Officer WORK SESSION MEMORANDUM Date: 09/20/2024 To: Mayor and City Councilmembers Through: Kelly DiMartino, City Manager Gretchen Stanford, Utilities Deputy Director From: Brian Tholl, Energy Services Manager Leland Keller, Senior Energy Services Engineer Subject: 6/25/2024 Staff Report for Riverside Community Solar Project BOTTOM LINE The purpose of this memo is to address questions from the Council Work Session held on June 25, 2024, and to provide more background on the City’s acquisition of the Riverside Community Solar Project. All Councilmembers were present and in person during the work session. DISCUSSION SUMMARY Staff presented a summary of the August 2023 inverter failure which has caused the array to stop producing electricity. Council raised additional questions related to the site and requested more background on the following: • Acquisition of Riverside Solar assets • Benefits of City acquisition • Bill credits and Operations & Maintenance fund • City Financial obligation to panel owners • Community solar business models • Strategic funding plan Acquisition of Riverside Solar assets The City acquired the Riverside Project and Community Solar Program from Clean Energy Collective (CEC) in 2020. At the time, Council supported Resolution 2020-055 authorizing the acquisition of the Project. Docusign Envelope ID: 77FB4635-505A-4C88-9E0D-634D68479F5B Several factors led to the City staff choosing to pursue this action in 2020 . First, the implementation of the Time of Day (TOD) electricity rate in October 2018 had a direct impact to the bill credits provided to panel owners and the administrative requirements for customer payments. CEC objected to applying the TOD rate structure to the Riverside Project, even though the City had provided CEC with advanced notice of the planned rate structure change. Additionally, the City’s agreement with CEC recognized that rates would change during the life of the project. This information about rate changes was available at the time of contracting and their signing of customer subscription agreements. CEC’s administrative software could not support the monthly bill credit calculation and online representation of value to participants with a seasonally varying two-tier credit rate structure. This shifted the burden of calculating monthly credits from CEC to a manual process performed by Utilities staff. After months of negotiations with CEC seeking a resolution, acquisition of the Project emerged as the most expedient way to both resolve the dispute with CEC and reduce interruption of generation and credit calculation for panel owners. Finally, during negotiations regarding the proposed Project transfer from CEC to the City, CEC revealed facts about imminent bankruptcy filings. This affected the nature of the transaction and provided motivation to accelerate the closing timeframe. Benefits of City Acquisition In addition to resolving the dispute with CEC, Utilities recognizes several other benefits from the acquisition of the Project: • Improved customer service was achieved because of simplifying the relationship between participants and Utilities. • Streamlined site maintenance. • Elimination of manual tasks by automating and simplifying monthly bill crediting. • Better alignment with the Platte River Power Supply Agreement: o According to the all-requirements Platte River Power Supply Agreement, the City was required to pay the Value of Solar tariff rate for solar energy purchased from CEC for Project energy delivered under the joint power purchase agreement between the three parties. By assuming ownership of Docusign Envelope ID: 77FB4635-505A-4C88-9E0D-634D68479F5B the Project, Project energy production is not subject to this tariff. At the time of the acquisition, Utilities quantified roughly a $0.02/kWh produced premium due to PRPA for all third party owned solar generation, resulting in an approximate $20,000 annual Utility benefit for assuming ownership of Project assets. • Risk mitigation: o Acquisition resulted in mitigated risks, such as avoiding interruptions to Project operations and potential liquidation of its assets during the CEC and affiliated companies’ bankruptcies in 2020. o Had the City not acquired the Project, it would have been bound by operating agreements with CEC which would have constrained the City’s ability to respond in the best interests of our customers through CEC bankruptcies and unknown final asset ownership. o The City and Project participants could have faced a void of program support for an unknown period of time that would certainly have delayed repair operations in response to the inverter failure. Bill Credits and Operations & Maintenance Fund Similar to how Utilities purchases wholesale electricity from PRPA, Utilities also purchases excess generation from locally generated solar power that flows into the distribution grid. Utilities annually submits a budget offer for Community Renewable Purchased Power (Offer 7.1 for 2025 / 2026 Budget). Utilities purchases electricity from local generating resources including: • Commercial and residential net metered customers, totaling over 32 MW (DC) • Local Solar Power Purchase Program (SP3) systems, totaling 4.8 MW (DC) • Riverside Project, total of approximately 0.5 MW (DC). The City is responsible for distributing bill credits to Riverside participating panel owners and managing an operations and maintenance fund (O&M Fund) to support the ongoing operations of the Project. Per the participating customer agreement, each month, 9.4% of the total bill credits go into an O&M fund managed by Utilities. This contribution amount is set in the Program Rules and is subject to change as needed. In other words, Docusign Envelope ID: 77FB4635-505A-4C88-9E0D-634D68479F5B Riverside participating owners contribute a portion of their monthly energy credits to the operations and maintenance required at the site. Table 1. Representative energy credit payments from annual Project budget: Total energy budget value O&M fund contribution Customer credits $67,765.00 $6,356.36 $61,408.64 Summary of City financial obligation to panel owners The Program Rules & Obligations with participating owners include the following: 1. The Riverside Community Solar Program Rules outline that bill credits are only provided for energy delivered to the grid. Section 6 of the Rules discusses O&M Services and funding. It clarifies that if output of the array is interrupted, no compensation is due to participants for those interruptions or any variations in solar output (sec. 6(a)ii). Furthermore, the O&M Fee is subject to change at the Utility’s sole discretion for the purpose of maintaining an adequate balance in the O&M Fund to provide for operation, maintenance of the array and site, and decommissioning of the array at end of life. • The Program Rules indicate that any costs of operating and maintaining the Project that exceed the amount collected in O&M Fees will be the obligation of Owners to pay (sec. 6(c)). If the expense to repair, replace or decommission the Project exceeds funds available in the O&M Fund and/or from any casualty insurance proceeds, (Utilities) reserves the right to seek additional funds from Owners to cover such expenses, or to suspend or permanently cease offering the Program (sec. 6(d)). • Neither CEC nor the City provided any guarantee to prospective panel owners for any return on the financial expense to purchase their panels. Replacement Funding Solution - 2050 Tax: • The electricity produced at Riverside not only benefits participating solar owners, but importantly, this local solar generation benefits the broader community in our Docusign Envelope ID: 77FB4635-505A-4C88-9E0D-634D68479F5B pursuit of 100% renewable electricity. Funding the repair using the 2050 tax aligns with the ballot language in advancing the community toward 100% renewable electricity. Repowering Riverside using 2050 tax funds reaffirmed the City’s commitment to advancing the Our Climate Future goals, represented a timely funding solution for accelerating the repowering and has maintained relationships with participating solar owners. Community Solar business model For many community members, installing and maintaining residential rooftop solar on their own property is not feasible. It is for this accessibility reason, along with a strong desire to contribute to our climate initiatives, that community solar programs have garnered significant interest in Fort Collins. Through multi-year engagement efforts, Utilities was able to identify enough interest in community solar prior to the pursuit of the Riverside Project. It should be noted that even today, we continue to gain feedback from the community of significant interest in growing community solar and have a waiting list of interested individuals if that growth occurs. 3rd Party Ownership & Management Benefits: 2. Establishing the Program and constructing the physical Project presented many challenges outside of the normal scope of operations for the Fort Collins distribution focused electric utility. A common approach is to leverage a 3rd party owner and operator for solar assets. • The 3rd party chosen, CEC, promised the necessary solutions for our Utility: addressing the complexity of participant recruiting, sales, enrollment, program management and customer support, including a web -based platform delivering valuable information about operations and credit calculation for the participants. • Additionally, this model allowed customers the opportunity to take the 30% Federal tax credit on the modules they purchased, while diversifying the operational risks of individual shares. Once Utilities acquired the Project from CEC, staff generated new Program Rules and an Enrollment and Continuing Participation Agreement to replace the governing documents of the expired CEC Program. These documents were written to align closely with the original CEC document language and the operating expectations under which our customers purchased Project interests. However, updates were made that also Docusign Envelope ID: 77FB4635-505A-4C88-9E0D-634D68479F5B incorporated the necessary adjustments for the City Charter and other differences from the private corporate entity governance model. Strategic Funding plan Staff recognizes the fundamental differences in a private corporate entity managing the Project compared to a model where a local government and utility are now managing the project. Staff will be developing a clear plan to guide decision-making on the City- owned assets at Riverside. This is a unique situation in which the City now owns assets and systems established by a former private corporate partner. Staff can develop financial models to support replenishing the O&M Fund to cover either decommissioning or repowering options that will be contemplated when the existing Program Agreement terminates in 2040, referred to as the Initial Useful Life of the Array. We will gather input from the Riverside Owners Advisory Committee and staff will refine proposals for revising the O&M withholding schedule to ensure the solvency of the O&M Fund. NEXT STEPS Staff are focused on redesigning and repowering the Project in partnership with the Service Provider. Staff will also be meeting with the Riverside Community Solar Advisory Committee to provide schedule updates, present the details of the design developed in Phase 1, and discuss any concerns brought by Committee members. Staff also commits to regularly providing updates to participating owners through regular website and email updates. Staff will provide a memo to Council upon conclusion of the work to replace the failed inverter. FOLLOW-UP ITEMS Staff will provide a memo to Council in 2025 outlining the policy solutions to long-term asset management in the Community Solar Program. Docusign Envelope ID: 77FB4635-505A-4C88-9E0D-634D68479F5B 2Action Item Does the Energy Board support the following proposed changes to the 2025 electric rates and fees? 3Action Item PRPA 63% L&P Operations PILOTs Admin Services - CS&A 5% Internal Transfers Out Addition/Replacement 4% Capital(other than Sys Add) 4% 3% Purchase Pwr - Community Renewables 1% Other Payments & Transfers 1% Admin Services - General Fund 1% Light & Power Total Expenses for 2023 - $158.5M 42025 Utility Rates & Fees UTILITY 2025 RATE INCREASE 2025 PLANT INVESTMENT FEE INCREASE ELECTRIC 6.5%9.3% WATER 7%0% WASTEWATER 6%0% STORMWATER 6%1.5% 52025 Utility Rates •Distribution system additions •Substation improvements/expansion •Transformer/cable/duct bank replacement •Technology enhancements/replacements 6Rate Class Adjustments 7Action Item 2031 and beyond include •Potential wholesale rate increases •Higher long-term distribution system capital needs •General inflationary cost increases to cover operations & maintenance 82025 Utility Rates Fort Collins Utilities Comparative Residential Monthly Bill Utility 2024 2025 $ Change % Change $ 88.42 $ 94.16 $ 5.75 6.5% $ 53.04 $ 56.75 $ 3.71 7.0% $ 36.97 $ 39.18 $ 2.22 6.0% $ 23.09 $ 24.47 $ 1.39 6.0% $ 201.51 $ 214.57 $ 13.06 6.5% 92025 Utility Rates 2025 Residential Average Monthly Utility Bill Utility Electric Water Wastewater Stormwater Total 2025 2025 2025 2025 2025 Ft Collins $ 94.16 $ 56.75 $ 39.18 $ 24.47 $ 214.57 Longmont $ 88.01 $ 72.99 $ 41.33 $ 16.70 $ 219.04 Loveland $ 100.83 $ 61.76 $ 42.89 $ 25.48 $ 230.94 Colorado Springs $ 103.28 $ 103.25 $ 33.27 N/A $ 239.81 Greeley $ 100.81 $ 77.91 $ 38.57 $ 35.36 $ 252.66 Boulder $ 100.81 $ 72.19 $ 51.32 $ 28.47 $ 252.79 102025 Development Fees •Green Energy Program •Program launched in 1998 •Increased community's installed renewable energy capacity •PRPA ended Tariff 7 •Medical Assistance Program (MAP) •Relatively low participation rate •Transition customers to IQAP Eliminating Two Utility Programs 1 2Action Item Does the Water Energy Board support the following proposed changes to the 2025 electric rates and fees? For More Information, Visit THANK YOU! fcgov.com/utilities Energy Board Agenda Item Summary – City of Fort Collins Page 1 October 24, 2024 Energy Board STAFF SUBJECT Items Relating to 2025 Utility Rates & Fees EXECUTIVE SUMMARY proposed 2025 Utility rate and fee updates being brought forward on November 4 (Rates) and November 19 (Fees), to become effective on 5, including the following items: • Rates - monthly utility rates are proposed to increase 6.5% for Electric customers, 7% for Water customers, 6% for Wastewater customers, and 6% for Stormwater customers. • Fees - adjustments to utility development fees including 9.3% for Electric Capacity Fees (ECFs) and 1.5% for Stormwater Plant Investment Fees (PIFs). There are no proposed changes for Water PIFs or Wastewater PIFs. • Eliminate the Medical Assistance Program (MAP) and the Electric Renewable Energy Source (Green Energy) Program. STAFF RECOMMENDATION Staff is requesting support from the Energy Board regarding electric rate and fee updates for 2025 and recommends adopting the changes as proposed. BACKGROUND / DISCUSSION 2025 Electric Rates The revenue needed to support the ongoing operation and maintenance costs of providing each of the four essential utility services provided to customers are collected through monthly utility rates. As costs change over time it is necessary to adjust rates to reflect those changing costs. Long-term financial planning is Energy Board Agenda Item Summary – City of Fort Collins Page 2 important to ensure revenues are adequate and reserves are available to maintain and replace infrastructure in a timely fashion to continue to provide high-quality and reliable utility services to our customers. A summary of the proposed rate increases for the four utility services are shown in the table below. These increases are included in the 2025 City Manager’s Recommended Budget. Staff are proposing a 6.5% retail rate increase for the electric fund in 2025. Many factors impact the net increase, including higher wholesale rate projections for 2025, higher operations and maintenance costs related to the electric distribution system, as well as higher capital project costs. Wholesale costs for 2025 are anticipated to increase by 6.5% overall from PRPA. Frequent review and updating of the cost-of-service allocation models helps maintain equity across rate classes and helps to reduce the impacts on customers by providing gradual, modest rate adjustments over time rather than less frequent and larger rate adjustments. Every two years, staff updates the electric cost of service model, which accounts for changes in consumption, demands, costs, and load factors. These actions help ensure the delivery of current and future utility services occurs in a fiscally responsible manner, balancing both costs and levels of service with affordability and prudent planning and investments. The updates proposed for each rate class for 2025 are shown in the graph below, which range from 5.2% to 6.9%, depending on the rate class. The dark horizontal line represents the average 6.5% increase for the electric fund. Given the frequency of these updates, there are generally relatively minor adjustments necessary. There are many factors that go into these updates, including how load factors change across rate classes, consumption increases or decreases, and average demand during coincident peak hours, which accounts for the wholesale demand cost allocation by rate class. Energy Board Agenda Item Summary – City of Fort Collins Page 3 The graph below shows the evolution of the Electric CIP between the 2016 budget cycle and the 2023 CIP. The current 10-Year CIP consists of ~$360M of identified capital investments. Capital projects related to the electric distribution system include general system additions, substation improvements and expansion, transformers, cable and duct bank replacement, as well as technology enhancements and replacements. In 2023, the largest expense for the electric fund was wholesale power costs, which equates to roughly two-thirds of total expense, while capital projects account for just under 10% of total electric fund expenses. The percentage of capital expense is expected to increase in the coming years and is a significant driver for future rate increases in the electric fund. Energy Board Agenda Item Summary – City of Fort Collins Page 4 The long-term financial model has been updated for the electric fund. The current annual rate forecast for the electric fund through 2033 is shown below. Given the projected rate pressures related to wholesale costs, capital projects and other increasing operational and maintenance costs, it may be necessary to implement rate increases as high as 7-8% in future years. The table below shows the impacts of the proposed rate change to the average residential monthly bill. Under the proposed rate changes, a residential customer’s total utility bill, for a customer receiving all four municipal utility services, would increase by 6.5%, or $13.07 per month. The table below compares typical residential electric, water, wastewater, and stormwater monthly utility bills across neighboring utilities along the Front Range, based on proposed 2025 rate adjustments and charges. In total, Fort Collins Utilities comes in the lowest at $214.57 for all four services. With proposed increases for 2025, Fort Collins will remain the lowest overall, as there are known increases proposed amongst the other bordering utilities for 2025, with some of them being substantially higher than the percentage increases proposed for customers within our community. 2025 Utility Fees Utility 2024 2025 $ Change % Change Electric 88.42$ 94.17$ 5.75$ 6.5% Water 53.04$ 56.75$ 3.71$ 7.0% Wastewater 36.97$ 39.19$ 2.22$ 6.0% Stormwater 23.09$ 24.48$ 1.39$ 6.0% Total Average Bill 201.52$ 214.59$ 13.07$ 6.5% Comparative Residential Monthly Bill Fort Collins Utilities Energy Board Agenda Item Summary – City of Fort Collins Page 5 Development fees are the mechanism for Utilities to recover the impact of adding new demand to the services Utilities provides, including electric, water, wastewater, and stormwater. Plant Investment Fees (PIFs) are one-time charges for new development or re-development. These fees recover costs for excess capacity of infrastructure already in place to serve new customers based on the “buy-in” approach, where customers pay according to new demands they will put on the system and considers incremental costs of future infrastructure to serve them. Utilities has been experiencing significant cost increases for various items, particularly on the electric side with purchases such as electric transformers, which have increased substantially due to supply chain issues and higher material costs. Staff updates development fee models every two years. Each model was last updated in 2023 to capture current inputs, including current escalation factors in each of the various drivers including costs, consumption, and future system needs. In alternating years, when models are not updated, an inflationary adjustment is applied to utility development fees. Staff uses the Engineering News Record (ENR) construction cost index to apply adjustments. The 2023 model updates were not fully implemented in January 2024. Rather, in March 2024, Council supported increasing development fees, including the Electric Capacity Fees, Water PIFs, Wastewater PIFs, and Stormwater PIFs, by 7.4% as an inflationary adjustment. For 2025, staff is incorporating a 1.9% inflationary adjustment, in addition to the 2023 study update adjustments. There is no proposed change to Water PIFs or Wastewater PIFs for 2025, as the increase put into effect in March was similar to the combined 2023 model update percentage and the proposed 2025 inflationary percentage. Stormwater PIFs will need a minor increase of 1.5% to balance the 2023 model update and the 2025 inflationary percentage with the increase that was applied back in March. The table below shows the proposed increase for 2025 for each of the development fees by fund. Utility Fee Unit of Measure 2025 Proposed Increase Electric Capacity Fee (ECF) $ / kW 9.3% Water Plant Investment Fee (PIF) $ / GPD 0% There are many variables in calculating the average impact to a development, particularly between residential and commercial. Shown in the table below is an example of a single-family residential house receiving all four services from Fort Collins Utilities. The total utility development fee charge is expected Energy Board Agenda Item Summary – City of Fort Collins Page 6 to increase by approximately $261 in 2025, from $11,911 to $12,172. This equates to an overall blended increase of 2.2% for these one-time fees. 2025 Administrative and Program Changes The following changes are taking place to align with the 2025 Utilities Rates and Fees update included in Chapter 26 of municipal code to be effective January 1, 2025. The changes support simplifying the Utility rates and billing experience and reducing administrative burden. Medical Assistance Program (MAP): At the beginning of 2024, Utilities staff reviewed the Medical Assistance Program (MAP) and has decided to sunset the program and transfer program participants to the Income-Qualified Assistance Program’s (IQAP) reduced utility rate as it provided a greater benefit for the majority of participants. Customers were informed of this change in June 2024 via letter, and two information sessions were held for MAP participants to discuss this update in July 2024. All MAP customer accounts have since been updated to the IQAP electric, water, and/or wastewater reduced rates. Customers will be encouraged to apply for LEAP to continue to receive the reduced utility rate and receive the added benefit of heating assistance. A renewal application will be mailed to customers who do not apply for, or are ineligible for LEAP, post LEAP season to continue to receive the reduced utility rate through an alternate entry point. Renewable Energy Source (Green Energy) Program: Utilities is ending the Renewable Energy Source (Green Energy) Program, where subscribers can opt-in to purchase clean, renewable energy for an additional 1.6 cents per kilowatt-hour (kWh), in addition to their normal electric utility bill. The change will result in simplified rate administration and better alignment with the Our Climate Future goals to bring 100% renewable electricity to all community members. Subscribing Utilities customers were notified in October 2024 of this change through direct mail to their account address. Since its launch in 1998, the Green Energy Program has played a role in helping us increase the community's installed renewable energy capacity. At its inception, the program funded the 20-year purchase of electricity output from a single wind turbine. Over 25 years later Utilities collaborates with 2024 Fee 2025 Fee $ Change % Change 200-amp Electric Service 2,625$ 2,869$ 244$ 9.3% 3/4" inch Water PIF (6,000 sq ft lot)3,817$ 3,817$ -$ 0.0% 4" Wastewater PIF 4,339$ 4,339$ -$ 0.0% Stormwater PIF (6,000 sq ft lot, 0.7 runoff coeff)1,130$ 1,147$ 17$ 1.5% Total 11,911$ 12,172$ 261$ 2.2% Residential Development Fee Example Energy Board Agenda Item Summary – City of Fort Collins Page 7 Platte River Power Authority’s resource planning team, to achieve renewable resources at scale, including a future portfolio with 600 MW of solar and 885 MW of wind. All the energy purchased through the Green Energy Program lifetime could power 63,000 homes for a year. Revenues from this rate have declined due to both lower participation and the $/kWh rate since program inception. In 2023, revenues totaled $184,951, or approximately 0.1% of Light & Power revenue. ENERGY BOARD 2025 Work Plan 2025 WORK PLAN Page 1 DUTIES & FUNCTIONS (Sec. 2-106) The duties and functions of the Board shall be: (1) To advise the City Council and staff regarding the development and implementation of the Our Climate Future Plan (OCF) including tracking of the staff developed Council Action Roadmap for OCF; (2) To advise the City Council and staff in developing City policies that encourage the incorporation of energy conservation and efficiency, carbon emissions reduction and renewable energy into the development and provision of City utility services, the design and construction of City transportation projects, and the way in which the City impacts the overall built environment within the community; (3) To advise the City Council and staff regarding the alignment of energy programs and policies with City, ratepayer and community values and service delivery expectations; (4) To advise the City Council and staff regarding the recommendations for improvements to City energy systems; (5) To coordinate with other City boards and commissions regarding energy issues; (6) To advise the City Council and staff regarding budgetary, rate-making and operational matters related to the electric utility; and (7) To annually review and provide advice to City Council and staff on the City's Legislative Policy Agenda regarding energy and energy-related carbon issues. WORK PLAN Climate Emergency City Council has established the "Climate Emergency" as a priority. The use of this term implies the utmost importance and of highest urgency. The Energy Board agrees with this language and aims to advise Council on its implications: namely that Climate Action should guide all Council decisions and that all City actions, in particular the budget, should be viewed through the lens of impact on our region's Greenhouse Gas Emissions. Council should at the same time be focusing resources to increase community resilience to changes that will occur, regardless of meeting greenhouse gas emission goals. The resilience preparations should include energy generation and transmission, water supply, and critical infrastructure. – Functions (1, 2, 3, 4, 5, 6, 7) Implementing Our Climate Future (OCF) The Energy Board desires City Staff to develop plans that the Board could recommend to City Council, to: 1. Support Utilities acceleration of energy programs for efficiency, conservation, demand response, ENERGY BOARD 2025 Work Plan 2025 WORK PLAN Page 2 distributed generation and storage. Programs should increasingly focus on carbon emission mitigation, load shaping and grid flexibility while simplifying the customer experience. Ensure that opportunities span residential and commercial segments for both existing buildings and new construction. – Functions (1, 2, 3) 2. Improve energy access support for low-income and historically underrepresented groups in the City through programs, including promoting increased customer participation, support levels, and pursuit of program longevity for the Income Qualified Assistance Program. – Function (4) 3. Support staff and Council with the implementation of strategies articulated in the City Council OCF Action Roadmap (October 2022 and as updated), including emissions related to transportation and the built environment. – Function (2) 4. Address the impact of land-use policies on energy consumption and production including an examination of metro districts as well as the feasibility of energy districts. – Function (3) 5. Promote effective handling of variable and distributed sources and loads with the ongoing evolution of the Light & Power distribution system. This includes customer load flexibility, advanced distribution system management, and future energy market coordination. – Functions (4, 6) 6. Encourage and prepare for the electrification of transportation (electric vehicles of all types) and building systems (space heating, water heating, cooking and industry). This will include education for customers and trade allies, supply chain engagement, changes to codes and potential upgrades to distribution infrastructure, as well as grid management. – Function (2, 4, 5) 7. Accelerate the conversion of City-owned equipment from gasoline to electric; reccomend the City to include electrification as a condition to award maintenance contracts, in particular in the elimination of 2- and 4-cycle gasoline powered equipment used by the City or by subcontractors in the maintenance of green spaces. Work with suppliers to stock and to promote electric rather than gasoline equipment. 8. Encourage development of strategies and programs supporting the implementation of Our Climate Future Next Moves related to Distributed Energy Resources (including but not limited to virtual power plants, microgrids, battery storage, interactive demand response, housing, rate structures, energy codes, community solar, benchmarking and electrification). – Functions (2, 4, 5) 9. To seek advancement in transportation and building energy efficiency by steering code and policy at the City level and beyond to reduce energy consumption and emissions in current and future development – Functions (2, 3, 7) Cost of Service and Rate Structures Substantial changes in rate structures have occurred with time-of-day and income-qualified rates. More changes are coming as we will likely need to respond to new net metering statutes, wholesale rate structures and market ENERGY BOARD 2025 Work Plan 2025 WORK PLAN Page 3 considerations. In addition, considerable efficiency gains both past and future suggest a new emphasis on cost of service, rather than just rates. It is important to evaluate how rates differentially affect customers across the City, such as low-income customers and those with electric homes. The Energy Board will work with City Staff to recommend rate structure changes. – Functions (2, 6) For Distributed Energy Resources (DERs), soft costs such as permitting and development fees, which may inhibit growth, should also be considered by the board. – Function (2) Diversity, Equity & Inclusion The Energy Board continues to promote diversity, equity, and inclusion on the Board, and to encourage the maintenance of a full Board with reasonable Board Member retainment period(s) that encourages stability, learning opportunities, and equal representation across the broad stakeholders within the community of Fort Collins. The Board follows the Fort Collins Respectful Workplace Policy and wishes to continue training opportunities for creating positive work environments so that all feel welcome, involved, and respected. – Function (3) Engaging Beyond the Energy Board on Related Topics The Board encourages heightened consideration of energy-related integrated topics, systems, and locations to develop solutions that meet the various needs within the community. In order to meet emission and electrification goals, engagement with other related City Boards, Platte River member owner communities, and relevant County and State-level representatives is important to enhance awareness, collaboration, and support. As such, board members are encouraged to attend other city sanctioned board meetings and to report on those proceeding at the monthly Energy Board meetings. Each Board Member brings a specific community understanding to the Board and is an important tool to give voice to diverse perspectives. The Board reinforces the goal of equitable representation regardless of gender, status, race, etc. – Function (5) Protecting Light & Power Assets & Customers Light & Power owns and operates an expensive electrical distribution system that needs constant maintenance. Much has been accomplished recently: The maintenance inspection and asset inventory plans, and the contact voltage survey are good examples. The Energy Board desires that Light & Power continue to review current procedures; make recommendations to maintain the reliability of the distribution system operation; to meet future growth; and sustainably manage energy assets. – Functions (4,6) Light & Power’s business model faces challenges from a transition to more distributed and renewable resources, ongoing energy efficiency increases, and electrification and electricity markets. These actions provide benefits to the community while also bringing new risks and opportunities for the utility’s operations and finances. – Functions (4, 6) ENERGY BOARD 2025 Work Plan 2025 WORK PLAN Page 4 Ongoing Responsibilities 1. The board wishes to be involved early and often in the Budget process, in order to make timely and effective recommendations on funding priorities. – Function (6) 2. Review and provide advice to City Council and staff on the City’s Legislative Policy Agenda related to energy issues. – Function (7) 3. Engage with and advise Fort Collins’s representatives on the Platte River Power Authority’s Board of Directors to continue the advancement of the City’s energy, climate, and air pollution goals, including a 100% renewable resource mix by 2030. In addition, the Board may consider the development of additional goals related to Platte River generation carbon emissions that represent the values of the Fort Collins community and Fort Collins equity ownership of Platte River. – Function (3) 4. Other items that are brought before the board.