Placentia

City Council

July 25, 2023 Order of Business 1 #O

Agenda Item O

1.o. Approval of LS-1 Option E Agreement with Southern\nCalifornia Edison Fiscal Impact: Estimated Savings:\n$2,356,340 net after recovery of initial capital investment\nover 20 years\nRecommended Action: It is recommended that the City\nCouncil:\n1) Approve the Southern California Edison Company\nSchedule LS-1 Option E, Energy Efficiency-Light\nEmitting Diode (LED) Fixture Replacement Rate\nAgreement; and\n2) Authorize the City Administrator and/or his designee\nto execute the LS-1 Option E Agreement in a form\napproved by the City Attorney.\nStaff Report\nAgreement\n\nLS-1 Option E Savings Outlook\nLS-1 Option E Post 20 years Outlook\n2. PUBLIC HEARINGS: