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Council authorizes mayor to pursue solar revenue-share letter of intent with First Light Power
Summary
The council authorized the mayor to execute a letter of intent with First Light Power Services to pursue a non-residential renewable energy solutions (NRES) revenue-sharing agreement that could yield approximately $800,000 to Bristol over 20 years if project applications are accepted by Eversource.
The Bristol City Council voted to authorize the mayor to execute a letter of intent with First Light Power Services, LLC, to pursue a non-residential renewable energy solutions (NRES) revenue-sharing agreement managed through Eversource.
The Energy Commission presenter said the proposal, if accepted by Eversource and the project application is successful, would develop a solar site (the vendor mentioned Kent as a host site) and is projected to return about $800,000 to the city over a 20-year contract—roughly $60,000 per year. Council members asked clarifying questions about how Bristol would receive revenue when arrays are not sited on city property; presenters explained the program uses off-site metering and revenue-share arrangements to allocate credits to municipal electricity accounts.
Council moved and seconded a motion to place an authorization on the next meeting agenda for the mayor to sign a letter of intent. The council approved the motion by voice vote. Officials said formal agreements would be contingent on successful applications and later contract negotiations. Titan Gen LLC and municipal purchasing staff reviewed the firm’s qualifications and the city would only enter formal agreements if project applications are successful.
Next steps: the mayor or acting mayor is authorized to execute the letter of intent and staff will return to council with any formal agreements if the project moves forward.
