ORDER-2017-133 : Authorization to execute solar net metering credit purchase agreement

Transcript (~1 min @ 49:10)

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▶ 49:04 Speaker 5: Order number 2017-133, authorization to execute solar net metering credit purchase agreement.

▶ 49:13 Mary Beth McAteer-Margolis: This order comes to you from the Committee on Appropriations with a recommendation for passage. Motion for passage, Mr. President. Second. Alderman Mortimer moves for passage. The motion is seconded by Alderman McAteer-Margolis on discussion. Alderman McAteer-Margolis. Thank you, Mr. President. Just to bring to the committee and the public's attention the question regarding the fluctuation, the potential fluctuation over 20 years in energy costs, we did have an analysis that indicated that the energy prices would need to drop by nearly 25 percent before the city would be paying the same amount. and over that period of time we do have a substantial savings of over 1.4 million dollars thank you thank you anyone else who wishes to discuss this order could you call the role

▶ 50:04 Speaker 1: please alderman forbes yes yes alderman inferno yes yes alderman lemmerman yes yes alderman Alderman McAteer-Margolis? Yes. Yes. Alderman Mortimer? Yes. Yes. Alderman Tramontozzi? Yes. Yes. Alderman Wright? Yes. Alderman Zwirko? Yes. Yes. President Conn? Yes. Yes. Nine yes.