The recent celebration of our nation's independence brings to mind another form of independence — the ability of our local community to break away from the polluting energy sources of the past that now threaten our very future.
On Jan. 1, 2014, residents of Sonoma County and participating cities will buy energy from Sonoma Clean Power. We will take into our own hands the power we need to change business as usual.
First Community Bank has made a decision to join this exciting new venture. Sonoma Clean Power is an opportunity, not a mandate, and we believe it's time to move forward.
First Community Bank believes in community choice — an innovation in itself that allows each of us to work with local partners. This opportunity will allow hundreds of millions of local ratepayer dollars to stay right here in Sonoma County. We will finance $2.5 million in startup costs and an additional $7.5 million later this year when it comes time to purchase energy. We have analyzed the numbers and asked the tough questions.
This is only the start. As Sonoma Clean Power grows, it will begin to make choices that don't exist today — where to invest in local power supply, where to reduce emissions and where to encourage new technology. And, for the first time ever, we will have local control over what local ratepayers pay.