Date: 08/02/2010
Final
Senate Bill 10-207 Update
COMMITTEE ON CAPITAL DEVELOPMENT
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10:16 AM -- Senate Bill 10-207 Update
Mr. Brett Johnson, Energy Manager, Governor's Energy Office (GEO), and Mr. Rod Vanderwall, Energy Manager, Office of the State Architect, Department of Personnel and Administration, discussed an upcoming capital submission resulting from the passage of Senate Bill 10-207. Senate Bill 10-207 authorizes the state to enter into lease-purchase agreements to finance capital construction projects proposed by GEO in order to improve the energy efficiency of state facilities. Mr. Johnson discussed the cost savings that can be realized through financing energy efficiency projects. He outlined the role of the Capital Development Committee in the approval of projects for financing and explained GEO's timeline. He then responded to a question about the Xcel Energy tiered approach to billing based on energy consumption.
10:22 AM
The committee discussed its next meeting: September 8, 2010. The committee adjourned.