Proposed budget would enable Minneapolis residents, businesses to save millions on energy costs
MINNEAPOLIS, MINN. — A few weeks ago, cities across the country responded to President Trump’s intention to withdraw from the Paris Climate Accord with their own commitments. But the City of Minneapolis, under a budget proposed by Mayor Betsy Hodges, is poised to do something novel: put real resources behind its climate and energy pledge. The mayor’s budget proposal would unlock more than $2 million in new funding, leverage more than $20 million in utility conservation funds and expand access to energy savings to many more residents and businesses
Included in Mayor Hodges’ proposal, unveiled this week, the city would increase its natural gas and electricity franchise fees by 0.5 percent — a nominal increase on payments already made by all utility customers in Minneapolis. The increase would yield substantially deeper resources for the city to pursue urgent energy goals, including retrofits of 75% of homes by 2025 and reducing greenhouse gas emissions by 80% by 2050.
“The mayor’s commitment would juice up the city’s one-of-a-kind Clean Energy Partnership with utilities Xcel Energy and CenterPoint Energy,” says John Farrell, a member of the citizen advisory board to the Partnership and director of the Energy Democracy Initiative at the Minneapolis-based Institute for Local Self-Reliance (ILSR). “It would mean far more city residents and businesses would have access to tools to cut their energy use, and be able to go deeper to reduce energy costs by 20% or more.” Continue reading