2 Million for Clean Energy in Minneapolis

MplsMayorBudget

 

Last week the Mayor of Minneapolis, Betsy Hodges, released a proposed budget that would allocate $2 million per year to clean energy and energy efficiency in the city.

The money would come from increasing the city’s franchise fee, the annual cost utilities pay to Minneapolis for the ability to use city infrastructure for energy purposes.  By increasing the franchise fee marginally for all residents and businesses across the city, Minneapolis will have more money to ensure we reach our carbon reduction and energy equity goals.

The money will go towards creating new programs for energy efficiency and clean energy that are more accessible to communities of color and low-income families.

Currently, Minneapolis residents spend upwards of $570 million per year on energy bills but we have the capacity to save $250 million annually, almost half.  This means that by investing more in clean energy we can be reducing carbon emissions and saving people money on their energy bills at the same time.

MN350, along with Community Power, MNIPL, ISAIAH and other partners have been at the helm of supporting this policy proposal and encouraging the city to make strides on clean energy.