§ 245-20. Energy conservation and management facilities
The Village is authorized and empowered to provide or finance energy conservation and management facilities within the customer service territory of its electric plant. The term "energy conservation and management facilities" includes facilities or improvements to facilities (whether owned by the Village or by others) for load management, load displacement (including customer-specific generation or co-generation), or the conservation or storage, in any form of electric or other energy. Such facilities or improvements may be owned or operated by the Village as part of its electric plant or may be owned or operated by others, and may be leased or licensed by the Village to others or may be financed by loans by the Village to others. Such facilities or improvements may be treated as part of the electric plant, and financed under this article or other enabling law. Loans to others for the purposes of this section may also be financed under this article in the same manner as improvements to the electric plant, and receipts from such loans may be pledged under this article as revenues. A lending program initiated under the authority of this section shall be managed in accordance with the provisions of this charter relating to the management of the electric plant.
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