Proposed by the District of Columbia May 2010 presentation to WCOG Creating the National Capital Energy Fund: A Property Assessment Clean Energy Solution Proposed by the District of Columbia May 2010 presentation to WCOG

DC’s Energy Usage DC’s consumes more energy through buildings than the national average Energy loss Transport Commercial Residential Government Power Industry DC Total US average Energy consumption in DC region Percent 30% 70% 292 DC 67% 33% 232 CA 59% 41% 229 MA 60% 40% 337 US Fuels Electricity Electricity as a percentage of energy consumption1 Percent; million BTUs Electricity is a disproportionately large share of DC’s energy use 4 5 205 DC 15 78 CA 16 1 93 MA 36 134 US Residential Commercial Industrial Transport Electricity consumption per capita Million BTUs DC’s electricity is consumed mainly by commercial buildings

The PACE retrofit program would include financing, energy benchmarks and savings verification National Capital Energy Fund Energy audits and benchmarking Retrofit & installation Energy savings verification and maintenance Retrofit Loan underwriting to factor in energy savings specifications and verification Job Creation Training & Individual job training Audit and commissioning Construction/ Retrofit Audit and maintenance Outreach Owner outreach and community education Publication of benchmarks Education for maintainers Publication of results

The National Capital Energy Fund Funding Sources Energy Retrofit Loans to Property Owners Private Banking Partners ($30 million) 35% for Residential 10% for Business 55% for Commercial National Capital Energy Fund (Replenished up to $250M) Voluntary RE Tax Special Assessment Payment (To repay energy loan over 20 year amortization period) Bond Issuances ($30M -$50M issuances) Debt Service Payment to Bond Trustee

3-year Targets and Projections Number of buildings retrofitted 214 485 Total SF retrofitted 4 million 8 million Average utility savings $1.9 million $3.9 million Average emission reduction (in MMT CO2) 3.9 7.8 Number of jobs created or retained 700 1,400 District conduit-bond issuances $30 million $ 80 million

Next Steps Issue an RFP for PACE Administrator (Summer 2010) Program Design (3 months): Early 2011 First loan issued: Early 2011 Relationship to SEU