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HomeMy WebLinkAboutSS3 - SCE Presentation of Check - PowerPointLED Street Light Replacement Program City Council Study Session September 26, 2017 Background • City owns approximately 6,000 street lights • In 2o16 City Council approved the replacement of approximately 3,000 street light fixtures to LED (Light Emitting Diode) • Project Benefits — Savings of 1,172,915 kWh annually — Reduction in utility bills — Reduction in maintenance costs — Fifteen year lifespan of fixtures — Efficient lighting The Project • Project cost was x1,067,765.82 — Approximately half paid through incentives — Remainder paid through "On Bill Financing" (OBF) • Using energy savings to pay for the project • Zero percent interest loan • No Fees or loan costs • Convenient loan repayment through SCE bill • Schedule — January 2016- Council authorizes incentive applications — May 2016- Installation begins — December 2016 - Project substantially complete — August 2017 — Installation and Incentives approved What's Next? • Completion of all outdoor lighting to LED — 20o parking lot lights by end of 2017 — 1,800 post top lights by end of 2o18 • "Phase II Project" — Peninsula Point — Balboa Island — Spyglass — Harbor Ridge — Lido Island — Cameo Highlands — Newport Heights — Conversion of 491 series circuit lights — Conversion of walkway bollards `� New LED replacement fixture �` for post top street lights Peninsula/Balboa Island Spyglass/Harbor Ridge W.. 0.2E .5 Phase 1 (Cobraheads) • Phase 2 (Post Tops) Op PIP_ Incentive Check Presentation • Southern California Edison — Tammy Tran, Government Affairs — Tina Valore, Account Manager • Special Thanks... — Southern California Edison • Tina Valore, Account Manager • TammyTran, Government Affairs — FCI Management • Shelia Reed, Environmental Project Manager — The Energy Coalition • Rebecca Hausheer, Program Manager — City of Newport Beach • City Council • Public Works Staff • Municipal Operations Staff