2. RPU established 1895
Customer owned water & electric utility
Locally governed and managed
106,000 electric customers
308,000 population
12th largest city in California
Riverside Public Utilities (RPU)
3. Riverside Public Utilities
AAA credit rating for water
AA- credit rating for electric
20% Renewable Energy
$400 million annual electric & water operating
revenue
RPU water and electric rates among lowest in
region
4. RPU Electric Rate and Incentive Tools
RPU Electric Rate Freeze
Temporary Economic Development (TED) Rate
Commercial Construction Incentives
LEED Construction Incentives
5. Electric Rate Freeze
City Council approved a rate freeze July, 2010
City Council extended rate freeze through January, 2014
Provides customers rate certainty and predictability
Helps customers budget expenses and control costs
Benefits customers not reached through other ED tools
Rate freeze delivers pro-business message
6. Temporary ED (TED) Rate
Approved by City Council September 11th, 2012
Targets medium and large businesses; currently not
open to government entities
Temporary Economic Development Rate
New businesses within RPU territory
Requires Projected demand ≥ 20 kW
Electric rate reductions:
30% through December 31, 2013
20% through December 31, 2014
10% through December 31, 2015
5-year rate contract
7. Commercial Construction Projects exceeding Title 24
baseline standards
Incentive amount is $0.05 per kWh saved above Title
24 standard within the first year
Total Incentives up to 50% of the project cost, or
$150,000 maximum rebate
Commercial Construction Incentives
8. Non Residential New Construction Projects exceeding
Title 24 baseline standards
Incentive amount is $0.06 per kWh saved above Title 24
standard within the first year
Total Incentives up to 50% of the project cost, or
$180,000 maximum rebate
Building must be LEED Certified
LEED Construction Incentives
