§ 443 - Energy conservation facilities - Vermont Statutes

§ 3-443. Energy conservation facilities

The city is hereby authorized and empowered to provide or finance energy conservation facilities within the customer service area of its electric plant. The term "energy conservation facilities" includes facilities or improvements to facilities (whether owned by the city or by others) for load management or the conservation of electric or other energy. Such facilities or improvements may be owned or operated by the city as part of its electric plant or may be owned or operated by others, and may be leased or licensed by the city to others or may be financed by loans by the city to others. Such facilities or improvements may be treated as part of the electric plant and financed under this article or other enabling law. Loans to others for the purposes of this section may also be financed under this article in the same manner as improvements to the electric plant and receipts from such loans may be pledged under this article as revenues. A lending program initiated under the authority of this section shall be managed in accordance with the provisions of section 228 of this charter relating to the electric plant.