Share to Facebook Share to Twitter Bookmark and Share
File #: 14-0153    Version: 1 Name:
Type: Agendas Status: Passed
File created: 5/2/2014 In control: Board of Aldermen
On agenda: 5/13/2014 Final action: 5/13/2014
Title: NCLM Regulatory Technical Assistance Fund Contribution PURPOSE: The purpose of this item is to allow the Board of Aldermen to approve an expenditure of $560.00 to support the NCLM Regulatory Technical Assistance Fund.
Attachments: 1. A RESOLUTION APPROVING AN EXPENDITURE TO THE NCLM REGULATORY TECHNICAL ASSISTANCE FUND.pdf, 2. Carrboro REG-TAF.pdf
TITLE: Title
NCLM Regulatory Technical Assistance Fund Contribution
 
PURPOSE:  The purpose of this item is to allow the Board of Aldermen to approve an expenditure of $560.00 to support the NCLM Regulatory Technical Assistance Fund.
body
DEPARTMENT: Town Clerk
 
CONTACT INFORMATION: Cathy Wilson
 
INFORMATION: The NCLM Regulatory Technical Assistance Fund (REG-TAF) is a program created to protect N.C. municipalities' interests in water quality and electric regulatory issues.  REG-TAF funds were used to hire external technical and legal support for the ongoing Duke Energy Carolinas and Progress Energy Carolinas rate cases.  The NCLM REG-TAF is instrumental in the NCLM's work regarding LED rates and availability  for the Town of Carrboro. Additional information regarding the REG-TAF is attached.
 
FISCAL & STAFF IMPACT: The expenditure of $560.00 should come from the Board of Aldermen's FY 13-14 budget.
 
RECOMMENDATION:r It is recommended that the Mayor and Board review the materials and approve the expenditure of $560.00 showing the Town's continued support of the NCLM REG-TAF program.