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September 26, 2011

Seattle Building Owners: Energy Disclosure Required Beginning This Week

By Partner ESI

Seattle’s Energy Disclosure Ordinance Will Begin Enforcement on October 1st.

Seattle is days away from enforcing the first stage of its Energy Benchmarking and Reporting law, Council Bill 116731, requiring nonresidential and multifamily building owners to annually report and disclose EPA ENERGY STAR Portfolio Manager benchmarking data and performance ratings.

Currently, 26% of the city of Seattle’s carbon emissions come from buildings and the ordinance’s intent is in support of the Green Building Capital Initiative goal to reduce energy consumption in existing building stock by 20%. Additional goals of the ordinance are to lower energy costs to owners and tenants, decrease greenhouse gas emissions, inform better building management and design practices to allow an informed market to drive energy efficiency improvements, and to create job opportunities in the green economy.

The Seattle energy disclosure law expands on Washington state’s energy disclosure law, more information on which can be found here.

Buildings Required to Disclose Energy

Commercial and multifamily building owners will be required to annually report and disclose EPA ENERGY STAR Portfolio Manager benchmarking data and performance ratings according to the following schedule:

  • October 1, 2011: Commercial Buildings over 50,000 SF (must have current benchmarking results entered into their Portfolio Manager records)
  • April 1, 2012: Commercial Buildings over 10,000 SF, Multifamily Buildings and Mixed Use Buildings with five or more dwelling units

Building owners should leave ample time for utilities to comply with their requests for energy consumption data – utilities have up to 60 days to comply with requests.

Continue reading the GlobeSt blog here.

About the Authors

Partner ESI

Partner ESI

Founded in 2007, Partner Engineering and Science Inc., is the leading provider of engineering, environmental, energy, and construction consulting for the commercial real estate (CRE) industry. Touching 1 in 5 CRE transactions in the U.S., Partner is widely recognized as the largest and best provider of third-party physical due diligence reports, including Phase I Environmental Site Assessments, Property Condition Assessments, Seismic Risk Assessments, Zoning Reports, ALTA Land Title Surveys, and Construction Risk Management. Partner’s connectedness to the CRE market gives it an unparalleled view into CRE trends and risk management insights. Partner also provides a full suite of consulting services to support the entire real estate lifecycle, including: Geotechnical Consulting; Building Systems Consulting; Capital Management and Project Implementation Support; Environmental Health & Safety Consulting; Energy, Sustainability & Resilience Consulting; and Site Civil Engineering. With a responsive approach scaled for speed and agility, Partner helps clients manage risk, make smart investments, optimize asset performance, and win at their real estate investment strategies. Based in Torrance, Calif., Partner has over 1,400 employees in 40 offices around the globe.

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