BPS explains climate fund structure as council presses on $100 million reserve idea
Bureau of Planning and Sustainability staff described the multi-year Climate Investment Plan (CIP) and the Portland Clean Energy Fund's (PSEF) five-year commitments. Councilors pressed bureau staff on the size of PSEF reserves and how contingency planning will be used to protect multi-year commitments.
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Bureau of Planning and Sustainability Director Eric Kingstrom briefed councilors on the bureau's FY25-26 budget and on the citywide Portland Clean Energy Fund (PSEF) allocations under the Climate Investment Plan (CIP).
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