The public purpose of the energy conservation loans and rebate programs is hereby defined to be the reduction of energy consumption and electric peak demand in the city, thereby reducing the growth of energy use and demand in the city, providing for more efficient energy use and prolonging the useful life of capital assets of the electric utility, reducing the amount of future market energy purchases or long-term contracted purchases, and providing for the protection of the environment and conservation of natural resources.

(Code 1964, § 15.920; Ord. No. 13794 § 1, 9-7-93; Ord. No. 20065, § 1, 9-15-08; Ord. No. 20582, § 1, 03-15-10)