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_add-on b)Add-on b) Sponsored by:Vice Mayor Welsh City Commission Meeting:July 18,2017 1 RESOLUTION NO. 2 3 A Resolution of the Mayor and City Commission for the City of South Miami 4 requesting that NextEra Energy,Inc.provide an opportunity for homeowners to 5 buy capacity at FPL Universal Solar Energy Centers and advise the Commission of 6 the rate of return to homeowner investors on the investment for each kilowatt hour 7 of electricity produced. 8 9 WHEREAS,Florida Power &Light isa subsidiary of utility holding company,NextEra 10 Energy,Inc.(formerly FPL Group)which is publically listed onthe New York Stock Exchange 11 under the ticker symbol "NEE";and 12 13 WHEREAS,Florida Power &Light has built and is building solar energy centers which 14 arealso known as solar plants/farms;and 15 16 WHEREAS,the present cost of rooftop solar is approximately $2.25per installed watt, 17 andat that price taking advantage of federal tax credits the homeowner can expect an 18 approximately 12%rate of return on investment;and 19 20 WHEREAS,quota.com asksthe question "what does it cost per watt to build a 21 IMegawatt solar farm?"and gives the answer as between $.75and $1.20 per watt,depending on 22the country and region of the country where the 1MW solar farmis located,with developing 23 countries having costs of approximately $.75perwattand expensive areaslike New Yorkor 24 California costing approximately $1.20 perwatt;and 25 26 WHEREAS,Florida,which isa non-union "Right to Work state,"will have labor costs 27 that are less than New York or California;and 28 29 WHEREAS,a watt of solar voltaics may be installed ona solar farm for half the cost 30 that it may be installed on the roof of a private residence;and 31 32 WHEREAS,a house that has trees shading all of its roof and all of its exterior walls will 33 consume less electricity to cool than a house with rooftop solar panels and little shade elsewhere; 34 and 35 36 WHEREAS,with the extensive system of transmission lines throughout Florida,itis not 37 necessary to locate solar farms near population centers where land tends tobe more expensive. 38Land would alsobe cheapest on reclaimed sites of phosphate mines and gypsum stacks;and 39 40 WHEREAS,Florida Power &Light,in exchange for being granted monopoly status,is 41 supposed to "provide safe,adequate and reliable service tothe public atthe lowest possible cost" 42 (psc.state,fl.us)the web page of the Public Service Commission continues:"Historically electric 43 utilities have been responsible forthe production,transmission and distribution of electricity,as 44wellasthe metering and billing of electricenergysoldtohomesand businesses.This complete 45 package of electrical service has been termed "bundled retail service"or "integrated utility 46 service;"and 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 [Type text] WHEREAS,ifFloridaPower&Light permitted thesmall investor/homeowner tobuy stockina Universal SolarEnergyCenterratherthan install rooftop solar,the homeowner for eachdollarinvestedwouldbeabletobuytwiceasmanywatts of photovoltaicgenerating capacity onasolarfarmashe/shecouldbuyandinstallonhis/her rooftop;and WHEREAS,FloridaPower&LighthasbeengrantedbythePublicService Commission the right toan 11%return onallits investments. NOW,THEREFORE,BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI,FLORIDA THAT: Section1.TheMayorandCityCommissionfortheCityofSouthMiamirequestthat NextEra Energy,Inc.provide an opportunity for homeowners tobuy capacity atFPL Universal SolarEnergyCentersandadvisethe Commission oftherateofreturnto homeowner investorson the investment for each kilowatt hour of electricity produced. Section2.TheCityClerkisherebydirectedtotransmitthisresolutiontoTallahassee MayorAndrew Gillum,FormerUSRep.GwenGraham,andChrisKing. Section3.Severability.If anysectionclause,sentence,orphraseofthisresolutionisfor anyreasonheldinvalidor unconstitutional byacourtof competent jurisdiction,the holding shall notaffectthevalidity of the remaining portions of thisresolution. Section 4.Effective Date.This resolution shall become effective immediately upon adoption byvote of theCity Commission. PASSED AND ADOPTED this _day of ATTEST: CITY CLERK READ AND APPROVED AS TO FORM: LANGUAGE,LEGALITY AND EXECUTION THEREOF CITY ATTORNEY Page 2 of2 2017. APPROVED: MAYOR COMMISSION VOTE: Mayor Stoddard: Vice Mayor Welsh: Commissioner Edmond: Commissioner Liebman: Commissioner Harris: