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HomeMy WebLinkAboutSKM_C450i23032320120i II ►�����I fYyY r►r■ rr, ■r INSIDE PASSAGE ELECTRIC COOPERATIVE RESOLUTION NO. 2023-3 INSIDE PASSAGE ELECTRIC COOPERATIVE, INC. February 3, 2023 ENTITLED: AUTHORIZING THE CEO/GENERAL MANAGER TO APPLY FOR GRANT FUNDING FOR WATER SUPPLY CREEK HYDRO CONSTRUCTION WHEREAS, Inside Passage Electric Cooperative (IPEC), the City of Hoonah, and the Hoonah Indian Association (HIA) support additional hydroelectric power in addition to the existing Gartina Falls Hydro project in order to provide better electric rate stability through reduced fuel costs; and WHEREAS, the construction of the Gartina Falls Hydroelectric project in 2015 has reduced diesel fuel consumption and provided clean, renewable energy to Hoonah; and WHEREAS, grant funding is limited from the State's Renewable Energy Fund. (REF) to $4 million per project, and IPEC already received $461,474 for final design of the Water Supply. Creek (WSC) hydro project from the REF; and WHEREAS, HDR Engineering expects to complete the WSC final engineering design by the end of March, 2023; WHEREAS, the State Renewable Energy Fund has grant funding available for hydro construction, and the next round of grants was due early December 2022, and IPEC submitted a grant proposal for $3,538,526 with the knowledge and support of IPEC's Board of Directors; and WHEREAS, federal grant programs are becoming available for renewable energy projects, including from, but not limited to, the Office of Indian Energy's Energy Deployment on Tribal Lands grant, and the Department of Energy and United States Department of Agriculture's Rural Utilities Service grant programs passed through Congress. NOW, THEREFORE, BE IT RESOLVED, that the IPEC Board of Directors authorizes the CEO/General Manager to apply for grant funding for the Water Supply Creek hydro construction and to execute grant agreements for the project with the goal of reducing and stabilizing electric rates to IPEC's members through renewable energy projects. PASSED, APPROVED AND ADOPTED by'a vote of 5 Yeas, Nays, and ,Absent this 3rd day of February, 2023- Grace Villarreal, Vice President/ . lair ATTEST: P.O. Box 210149 Auke Bay, Alaska 99821 (907) 789-3196 Fax (907) 790-8517 fr^- Inside Passage Electric Cooperartive Resolution 2023-3