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CC - Item 6C - Southern california Edison Street Lighting Acquisition and Conversion ProgramROSEMEAD CITY COUNCIL STAFF REPORT TO: THE HONORABLE MAYOR AND CITY COUNCIL FROM: BILL R. MANIS, CITY MANAGER "C'7 v_ r \ DATE: NOVEMBER 8, 2016 SUBJECT: SOUTHERN CALIFORNIA EDISON (SCE) STREET LIGHT ACQUISITION AND CONVERSION PROGRAM SUMMARY During the fourth quarter of 2015, the City Council directed staff to work with Southern California Edison (SCE) to prepare a valuation report for the streetlights within the City. The purpose of the report was to consider the potential acquisition and /or conversion of the streetlights by the City. The SCE report was completed on October 13, 2015, and is attached for the City Council's review. When the SCE representatives presented the valuation report to staff, they provided information on a potential upcoming program that would allow cities to request SCE to retrofit or convert existing streetlights with Light Emitting Diode (LED) fixtures and bulbs. This program was approved by the State of California in June 2016. As an alternative to purchasing the streetlights, the City could ask SCE to perform these retrofits at no initial capital cost and a net annual savings. Staff also worked with Tanko Lighting on additional options. Two presentations were made before the City Council on September 13 & 27 of this year, one from SCE and the other from Tanko Lighting. Both presentations were of a similar nature, with slightly different objectives. The majority of the streetlights within the City are owned and maintained by SCE. SCE charges a rate for the electricity to these streetlights that is termed an LS -1 rate. An LS -1 rate, includes the cost for electricity and all other costs associated with the streetlight, such as the streetlight pole /fixture maintenance and recuperation of the original system installation cost. A small number of streetlights are owned and maintained by the City. SCE charges a rate for the electricity to these streetlights that is termed an LS -2 rate. This rate, includes only the cost for electricity and is much lower than the LS -1 rate. Currently, the City four has options, which are summarized below: rrEM NUMBER: �(,� City Council Meeting November 8, 2016 Page 2 of 5 STATUS QUO If the City stays with the existing SCE lights and nothing is modified, the following are the associated costs: Annual Facilities Charge (Flat Rate) $ 236,065 Annual Energy Charges (Average) $ 83,898 IbtalAnnualCost $ 319,963 CITY OF ROSEMEAD ACQUISITION AND LED CONVERSION If the City chooses to acquire the existing streetlights from SCE and converts to LED bulbs, the following are t ie estrmatea associates costs ana savml Utilizing City Fund Total Fund Balance] $1,246,598 Annual Costs Annual Facilities Charge (Flat Rate) $ 65,158 Annual Maintenance Charge (Estimated) $ 16,000 Energy Charges (Average) $ 25,000 Total Annual Costs $ 106,158 Annual Savings Currrent Annual Cost $ 319,963 Total Annual Cost $ (106,158) Total Annual Savings; $ 213,805 Financing Acquisition and Converstion Acquisition Cost _ $ 918,798 Coverstion Cost $ 500,000 Rebate (Estimate) $ (172,200) Total Amount Financed! $1,246,598 Acquisition Cost $ 918,798 Coverstion Cost $ 500,000 Rebate (Estimate) $ (172,200) Annual Costs Estimated Annual Financing Costs (3% for 20 years) $ 84,000 Annual Facilities Charge (Flat Rate) $ 65,158 Annual Maintenance Charge (Estimated) $ 16,000 Energy Charges (Average) $ 25,000 Total Annual Costs; $ 190,158 Annual Savings urrrent Annual Cost $ 319,963 otal Annual Cost $ (190,158) Total Annual Savings,i $ 129,805 City Council Meeting November 8, 2016 Paee 3 of 5 SCE CONVERSION PROGRAM TO LED BULBS (first- come- first- served basis) If the City chooses to convert the existing streetlights from High Pressure Sodium to LED bulbs, the following at " TANKO LIGHTING ACQUISITION AND LED CONVERSION If the City chooses to contract with Tanko Lighting and acquires the streetlights from SCE and converts to LEI I mmI)s, me tollowmg are the esttmatect assoctatea costs and saver Utilizing City Fund Balance Annual Costs Acquisition Cost Annual Facilities Charge (Flat Rate) $223,962 Annual Energy Charges (Average) $25,000 Total Annual Costs'; $2 48,962 Annual Savings (172,200) Currrent Annual Cost $ 319,963 Total Annual Cost $ (248,962) Total Annual Savings; $ 71,001 TANKO LIGHTING ACQUISITION AND LED CONVERSION If the City chooses to contract with Tanko Lighting and acquires the streetlights from SCE and converts to LEI I mmI)s, me tollowmg are the esttmatect assoctatea costs and saver Utilizing City Fund Balance Acquisition Cost $ 918,798 Coversfion Cost $ 544,989 Rebate (Estimate) $ (172,200) Total Fund Balance,! $1,291,587 Annual Costs Annual Facilities Charge (Flat Rate) $ 65,158 Annual Maintenance Charge (Estimated) ; $ 15,713 Energy Charges (Average) $ 22,082 Total Annual Costs; $ 102,953 Annual Savings CurrrentAnnualCost $ 319,963 Total Annual Cost $ (102,953) Total Annual Savings, $ 217,010 City Council Meeting November 8, 2016 Page 4 of 5 Financing Acquisition and Converstion Acquisition Cost $ 918,798 CoverstionCost $ 544,989 Rebate (Estimate) $ (172,200; Total Amount Financed,, $1,291,587 Annual Costs Estimated Annual Financing Costs (3 %o for 20 years) $ 84,000 Annual Facilities Charge (Flat Rate) $ 65,158 Annual Maintenance Charge (Estimated) $ 15,713 Energy Charges (Average) $ 22,082 Total Annual Costs'; $ 186,953 Annual Savings rent Annual Cost $ 319,963 [AnnualCost $ (186,953 Total Annua Savings, $ 133,010 As indicated earlier, during the fourth quarter of 2015, the City notified SCE to begin the valuation study. The study /report was completed on October 13, 2015. This process included a $10,000 upfront fee by SCE. Potential Purchase of Streetlights The valuation report was submitted to staff in 2015 (Attachment). Some of the key points of the study are as follows: • SCE owns 2,511 streetlights in the City. • SCE can sell 1,459 streetlights to the City. SCE is not willing to sell lights mounted on distribution poles at this time due to safety issues. • The valuation of the streetlights that can be sold is $918,798, or $630 per streetlight The valuation per streetlight is relatively low compared to other jurisdictions. Some jurisdictions have to pay closer to $2,000 per streetlight. Most communities in the SCE system are seeing average price per pole cost in the range of $600 - $800. • The City has until January 31, 2017 to notify SCE of the intention to enter into an agreement to purchase the lights from SCE. • Tanko Lighting is a vendor who will assist in securing financing for the acquisition cost of the streetlights and manage the acquisition, conversion, operation and maintenance of the streetlights on the City's behalf, for a fee. • Other cities who have evaluated the purchasing of streetlights have projections of 10 -15 years to reach a point where they have a net savings from owning their streetlights. Tanko Lighting, which has assisted cities in the process of acquiring streetlights, has estimated a payback period of approximately 5.55 years for Rosemead. At this time the City would save approximately $131,918 in lighting costs annually. City Council Meeting November 8, 2016 Page 5 of 5 STAFF RECOMMENDATION That the City Council provide direction on the following potential options: 1. Acquisition of the streetlights from SEC and conversion to LED bulbs with City staff managing the process and operations; 2. Continue status quo; 3. Submit request to SCE to participate in the LED Conversion Program; and 4. Acquisition of the streetlights from SCE and utilize Tanko Lighting as a third party contractor for LED bulb conversion. FISCAL IMPACT The cost to acquire the streetlights from SCE would be $918,798, or $630 per streetlight. The cost for conversion to LED would be approximately $550,000 (minus rebate of $172,200) _ $1,296,598. In order to have no capital costs up front, the cost can be financed on a long term basis as follows: Capital Interest Finance Estimated Costs Rate Term Annual (Rounded) Payment $1,296,598 3% 20 years $84,000 STRATEGIC PLAN IMPACT - None PUBLIC NOTICE PROCESS This item has been noticed through the regular agenda notification process. Prepared by: Submitted by: Submitted by: Curtis P. Cannon C Rafael . Fajardo, PE Kathy G cia, PE Special Projects Manager GG City Engineer Public Works Director Attachment: Valuation Report Attachment Valuation Report October 13, 2015 �t ,, _ • �� pekuievy, �fthe�o�ta�I�S� :'v3t'ee #11�� #Systerr#_'. `_ .s_F_' ��: Type Qty Type Overhead Underground Non -Wood 1,407 56 °% 212 1,195 Wood 1,104 44% 1,103 1 2,511 100% 1,315 1,196 400 16% 52% 48% 1950 -1959 429 17 °% 1960 -1969 351 14% 1970 -1979 266 11% 1980 -1989 443 18 1990 -1999 582 23% 2000 -2009 400 16% 2010 - present 40 2% Ualuatro Dftlat,S_ellab a IS StreetijghtSys�eit *— Qty RCNLD Marbelite(Concrete) 1,235 $609,581 Steel 171 $33,389 >_6 * Wood 53 $6 3,462 ' / / n 73 Additional Asset Components Subtotal Tax / Other Adjustment W F ��� ,•�'(,°� �. �i. Tax Neutral Price Transition Cost /r Valuation Price v NrxL #0 i 0 omm .f $26,752 iN ® (N j $821,354 $53,674 $875,026 $43,770 $918,798 ? � 30 Pecs *Note: 5% of Wood Poles are sellable (streetlights attached to distribution poles are excluded) Ad Hoc Replacements represent poles replaced without developer's contribution Additional asset components relevant to the sale (i.e. riser poles, insulators, down guy, etc.) Tax / Other Adjustment is needed to recover any tax implication Transition Cost is the severance cost to transfer ownership of the asset SCE CONFIDENTIAL 1