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and small public power utilities can participate in the "EV-olution" of transportation in <br /> the communities they serve. The Salt River Project provides electric and water services <br /> to more than 2 million people living in central Arizona.This was a great opportunity to <br /> showcase what smaller utilities and communities can do to support electric vehicle <br /> initiatives. <br /> • Provided support for the Elk River EDA in the development of a new Economic <br /> Development Incentive Policy and Program.This new policy will allow the City to <br /> provide an economic incentive based on the applicable payment in lieu of taxes (PILOT) <br /> the customer would generate for up to two years.The incentive will be provided to the <br /> qualifying customer in the form of a bill credit for the amount that would have been <br /> provided to the City as a PILOT if the customers were not participating in the new EDA <br /> program. <br /> Page 2 of 2 <br /> 194 <br />