Title
Amending Bill No. 100163-AA, entitled "An Ordinance authorizing the City of Philadelphia to organize an authority to be known as The Philadelphia Energy Authority, pursuant to the terms of the 'Municipalities Authorities Act,' of 2001, June 19, P.L. 287, No. 22, as amended, under certain terms and conditions," as amended, to reaffirm the responsibilities and powers of the Authority; authorizing and directing certain actions in connection with fulfilling the procedural requirements for the formal documentation of the related Articles of Amendment, all under certain terms and conditions.
Body
WHEREAS, in accordance with Bill No. 100163-AA, the City authorized the organization of The Philadelphia Energy Authority ("Authority") pursuant to the provisions of the Municipality Authorities Act, Act of June 19, 2001, P.L. 287, No. 22, as amended (codified as 53 Pa. C.S. ? 5601 et seq.) ("Act"), and set forth the responsibilities and powers of the Authority; and
WHEREAS, by Ordinance approved January 3, 2019 (Bill No. 181007), the City determined that it was desirable to expand upon the responsibilities, purposes and power of the Authority and amended, in relevant part, Bill No. 100163-AA; and
WHEREAS, Bill No. 181007's amendment of Bill No. 100163-AA provides for the Authority's expanded responsibilities, purposes and powers to enable the Authority to finance energy storage and/or generation projects and energy efficiency projects, promote a vital clean energy sector of the Philadelphia economy and increased employment in the sector by undertaking efforts to strengthen the markets for energy efficiency and energy storage and generation projects, and have all of the powers set forth in the Act that are necessary or convenient for the Authority to carry out its purposes and responsibilities; and
WHEREAS, no formal amendment to the Authority's Articles of Incorporation was made in connection with such expansion of the responsibilities, purposes and powers of the ...
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