Thursday, March 19, 2009

UC Campuses to Get Energy Makeover

Revenue bonds in California are starting to look and feel like stock options during the Tech Boom... they're ubiquitous. The San Francisco Chronicle is reporting that the UC Board of Regets has approved a quarter billion program to improve energy efficiency at UC campuses, to be financed largely by revenue bonds.

Utilities will kick in $61 million, but the rest is coming out of proceeds from the new debt issuances. 900 energy efficiency programs will be undertaken at 9 out of the 10 UC Campuses. Projected savings from the program are 10% or $36 million.

On an unrealted note-- and not to beat a dead horse-- John Howard does a deep dive on CARB's Low Carbon Fuel Standard in Capitol Weekly this morning.