Martin Acevedo - Third Priority

Economic Development and Energy Grid Innovation:  Once a year, as my way of giving back to the next generation, I teach entrepreneurship to the MBA and MSF students at Seattle University.  Throughout the year, I focus on helping my students and members of the community start and build companies, creating new jobs and enhancing our economic vitality.  I commit to continuing this trend as a council member.  I believe our city has the talent and potential to give Silicon Valley a run for its money in terms of creativity and start up ecosystem development.  A supportive city council, which encourages public-private partnerships that do not tax residents, but offer economic benefits, can go a long way toward this becoming a reality.  In particular, with our state being in the forefront of passing a clean energy bill, I believe the Eastside can become a leading region in clean energy technology development.  There are already technologies that can be used by our electric utility to strengthen the grid without having to rip out thousands of trees and installing high voltage lines near the underground pipeline, as proposed by PSE's Energize Eastside.  I believe most residents are not aware that PSE is a 100% foreign owned, private corporation, that ranks in the bottom 25% for reliability and is incentivized to earn nearly 10% per year return on capital they invest in our electricity infrastructure.  I have an MBA and a Masters of Science in Finance, and it is beyond me how they are granted that high of a rate of return when the payments are guaranteed by our utility bill payments.   As a member of city council, I would support a closer review of alternative solutions to Energize Eastside.  And ultimately, I believe our Eastside would be better served with the creation of an Eastside Energy Public Utility District (North of Renton, including Mercer Island, and north to Kenmore and the Snohomish county line, and to the eastern portion of King County), where we the people would own our own utility and stop sending hundreds of millions of our dollars offshore when we can reinvest it here in clean energy technology.

¬Return to Position 1 Statements