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HomeMy WebLinkAboutMemo - Mail Packet - 2/13/2018 - Memorandum From Lance Smith Re: January 30, 2018 Work Session Summary - Income Qualified Rage (Iqr) / Low-Income Efficiency ProgramsUtilities electric · stormwater · wastewater · water 700 Wood Street PO Box 580 Fort Collins, CO 80522 970.221.6700 970.221.6619 – fax V/TDD 711 utilities@fcgov.com fcgov.com/utilities M E M O R A N D U M DATE: February 2, 2018 TO: Mayor Troxell and Councilmembers FROM: Lance Smith, Utilities Strategic Finance Director THROUGH: Darin Atteberry, City Manager Jeff Mihelich, Deputy City Manager Kevin R. Gertig, Utilities Executive Director RE: January 30, 2018 City Council Work Session Summary - Income Qualified Rate (IQR)/Low-Income Efficiency Programs Dianne Tjalkens, Pete Iengo, and Randy Reuscher presented recommendations on a Utilities Income Qualified Rate (IQR). All Councilmembers were present, with Councilman Bob Overbeck on teleconference. Purpose of Work Session was to obtain feedback and further direction on a funding source. City Council Comments  Overall support for income qualified rate effective October 1, 2018, supporting Time of Use rate, that could achieve a net benefit to the ratepayers.  Concern about starting a subsidy at a participation level too high; makes it hard to reduce later.  Prefer a program that looks and focuses on the structures—more energy efficient structures in the community versus a discounted rate.  Support for direct install of conservation equipment—lightbulbs, low-flush toilets, weatherization, etc.  Support for active energy management with time-of-use rates that can more readily use the information to assist low income.  Incentivize the program in a way that gets landlords/property owners interested in making energy efficiency improvements. DocuSign Envelope ID: 27C1B133-FEDB-41DE-A536-78A22634E527 2/1/2018 2/1/2018 2/5/2018 2/5/2018 Key Discussion Points  Need to set clear goals and targets – what can we achieve – that illustrate benefits both to participants and rate payers.  Talk with other water providers before moving forward with discount for water and wastewater rates.  Consider whether to start with only a reduced electric rate.  Significant concern about focusing too much on rate reduction versus energy efficiency that results in sustainable benefit in the community.  Concern about sustainable funding source as program scales to meet community need. Next Steps  Need clear goals and measures that quantify benefits to participants and rate payers; determine success metrics for a discounted rate and for energy efficiency long-term benefits.  Discuss with water districts if and how they provide income qualified discounts for water and wastewater services before moving forward with water and wastewater rate discounts.  Verify individuals cannot “game” the system, thus taking away from the individuals that really need the program.  Demonstrate outcome of program is long-term energy efficiency improvements.  Need a chart that includes the Low-Income Energy Assistance Program (LEAP) contributions in the overall stack.  Utilize the Council Finance Committee, Futures Committee, and/or consider Council members working with staff on program deliverables. CC: Lisa Rosintoski, Utilities Customer Connections Manager Randy Reuscher, Utilities Rate Analyst DocuSign Envelope ID: 27C1B133-FEDB-41DE-A536-78A22634E527