Posting Language
Title
Approve issuance of a capacity-based incentive to Public Storage Orangeco Inc. for the installation of solar electric systems on 20 of its facilities in the Austin Energy service territory, in an amount not to exceed $388,776 and approve issuance of a five-year performance-based incentive to Public Storage Orangeco Inc., in a total amount not to exceed $1,024,185.28.
De
Lead Department
Austin Energy
Fiscal Note
Funding in the amount of $593,614 is available in the Fiscal Year 2023-2024 Austin Energy Operating Budget. Funding for the remaining years of the agreements is contingent upon available funds in future budgets.
For More Information:
Amy Everhart, Director Local Government Issues (512) 322-6087; Tim Harvey, Customer Renewable Solutions Manager (512) 482-5386
Council Committee, Boards and Commission Action:
November 13, 2023 - Recommended by the Electric Utility Commission on a 7-0 vote with Commissioners Alvarez, Blackburn, and Seibert absent and one vacancy.
November 14, 2023 - Recommended by the Resource Management Commission on a 6-0 vote with Commissioners Bren, Davis, Johnson, and Stone absent and one vacancy.
Additional Backup Information:
Austin Energy requests approval to issue this Capacity Based Incentive (CBI) and this Performance Based Incentive (PBI) to Public Storage Orangeco Inc. (the Customer) for the installation of solar electric systems, detailed in the tables below at their facilities to produce renewable energy for on-site consumption. The table below provides a summary of the system size, cost, proposed incentive, and environmental benefits.
Aggregated Solar Systems Details*
Total System Size (kW-DC)
2,062
Total System Size (kW-AC)
1,712
Annual Estimated Production (kWh)
2,890,624
Total System Cost ($)
$4,792,171
Total Incentive ($)
$1,412,961
Percent of Cost Covered
29%
Environmental Benefits** and Emission Reduction Equivalencies***
Reduction of Carbon Dioxide (CO2) in tons
1360
Reduction of Sulfur Dio...
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