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Title:
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PARTICIPATION IN THE CALIFORNIA AIR RESOURCES BOARD’S ONGOING LOW CARBON FUEL STANDARD PROGRAM, INCLUDING THE SALE OF CREDITS TO GENERATE APPROXIMATELY $120,000 ANNUALLY TO SUPPORT THE DEVELOPMENT OF PROGRAMS SUPPORTING ELECTRIC VEHICLE ADOPTION
That the Board of Public Utilities recommend that the City Council:
1. Approve Riverside Public Utilities to participate in the California Air Resources Board’s Low Carbon Fuel Standard Program, including secondary market transactions for the sale of Low Carbon Fuel Standard credits;
2. Authorize the City Manager, or designee, to execute the appropriate paperwork to enable Riverside’s participation in the Low Carbon Fuel Standard Program, including secondary market transactions for the sale of Low Carbon Fuel Standard credits and retention of third-party verification services when required;
3. Authorize the City Manager, or his designee, to designate Riverside’s primary and secondary account representatives and delegate the a...
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Attachments:
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1. Report, 2. Presentation
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