Will Portland’s City Council Pass a New Energy Performance Reporting Policy Today?

Will Portland’s City Council Pass a New Energy Performance Reporting Policy Today?

Portland’s City Council will hold a hearing at City Hall at 3:30 pm today to vote and determine if Portland will be the 12th city in the nation to mandate energy reporting by commercial buildings.

In December of 2014, the Bureau of Planning and Sustainability introduced the proposal and set the stage for public information sessions, which were held in January of 2015. The policy would replace the current voluntary program of owners to track their energy use and require commercial buildings of 20,000 square feet — and larger — to log and report their energy use. This would be approximately 80 percent of Portland’s commercial buildings.

Energy costs for commercial buildings currently top $335 million per year.

Read more details about this potential policy in an article posted in yesterday’s Portland Business Journal.

Tell us what you think. Do you support the passing of this policy?

HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment owners throughout Oregon and Washington. Build your legacy at http://www.hfore.com