FinCom Approves Esco Projects
The vote marks a turn-around since June.
For Town Meeting in June, the Finance Committee voted to reject a proposed $4.3 million in energy savings projects in various buildings around town, and voters followed their lead and rejected the ESCO -- energy savings company -- projects. Maylor pledged to push forward with the proposed ESCO projects, hoping to sway the Finance Committee and eventually the voters. Last week, the Finance Committee voted to approve the ESCO projects. "I think what the Finance Committee communicated [at Town Meeting] was that this was a substantial project that had a lot of moving parts," Maylor said. With more than 80 projects in the ESCO proposal, Maylor said there wasn't enough time before Town Meeting to go over them in detail enough to make the Finance…
Bill Callahan
5:36 am on Wednesday, February 6, 2013
Mike - Ray is correct; we have not received the contract yet; but that is the mechanism described in the AMERESCO proposal. We've included money for testing and measurement each year in the cash flows so that we can verify the energy savings. And if the savings don't materialize, there is a claw back provision. They have paid under similar provisions to other towns and the existence of the claw … more ›