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Council authorizes mayor to pursue renewable energy revenue-sharing letter of intent with First Light Power Services
Summary
The council authorized a letter of intent with First Light Power Services, LLC to pursue a non-residential renewable energy solutions (NRES) revenue-sharing agreement administered through Eversource; city staff said the proposal could yield about $800,000 over 20 years if the project is accepted.
Councilmember Dukau outlined a letter of intent with First Light Power Services, LLC to pursue a non-residential renewable energy solutions (NRES) revenue-sharing agreement under the state program administered through Eversource. He said developers partner with municipalities to create solar sites with off-site metering and that, if accepted by Eversource and the project application succeeds, the city is projected to receive about $800,000 in revenue over a 20-year term (approximately $60,000 annually).
Council members asked clarifying questions about whether the arrays would be located in Bristol; Dukau and others explained that the program allows off-site generation (the cited example was a proposed site in Kent) while the municipality still shares in revenue. The council moved and seconded authorization for the mayor to execute a letter of intent to advance the project; the motion passed by voice vote.
City officials said further vetting would occur through the city’s purchasing and energy advisors and that formal agreements would be executed only if project applications are successful and reviewed by staff and counsel.
