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Title:
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THREE-YEAR ELECTRIC SERVICE AGREEMENT BETWEEN THE UNIVERSITY OF CALIFORNIA RIVERSIDE AND THE CITY OF RIVERSIDE FOR APPROXIMATELY $34 MILLION IN ELECTRIC REVENUE AND THE USE OF APPROXIMATELY $2.5 MILLION IN PUBLIC BENEFIT FUNDS FOR QUALIFIED ENERGY EFFICIENCY PROJECTS
That the Board of Public Utilities:
1. Approve and recommend that the City Council approve a three-year Electric Service Agreement between the City of Riverside and the University of California Riverside to provide electric services as stipulated in the agreement; and
2. Authorize the City Manager, or his designee, to execute the agreement.
(presentation by Mike Bacich – 5 min)
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