12-07-12 BPU RPT 07 - Laserfiche WebLink

Home

W A T E R E N E R G Y L ] F F RIVERSIDE PUBLIC UTILITIES Board Mem.atandum PUBLIC UTILITIES BOARD OF PUBLIC UTILITIES DATE: December 7, 2012 ITEM NO: 7 SUBJECT: POWER SALES AGREEMENTS BETWEEN SOUTHERN CALIFORNIA PUBLIC POWER AUTHORITY AND THE CITY OF RIVERSIDE ISSUE: That the Board of Public Utilities consider approval of two Power Sales Agreements ("PSAs") between Southern California Public Power Authority ("SCPPA") and the City of Riverside for Silverado solar photovoltaic projects. RECOMMENDATIONS: That the Board of Public Utilities recommend that the City Council: 1. Approve the two 25-year Power Sales Agreements (PSAs) between SCPPA and the City of Riverside to provide renewable solar photovoltaic energy and Renewable Energy Credits from the Silverado Solar Photovoltaic Projects ("Projects"); 2. Authorize the City Manager, or his designee, to execute the PSAs under the terms and conditions as set forth within the PSAs; 3. Authorize the City Manager, or his designee, to execute any future amendments to the PSAs under terms and conditions substantially similar or superior to these PSAs; 4. Authorize the Public Utilities General Manager, or his designee, to execute any documents necessary to administer the PSAs that are consistent with the established policies by the City Council; and 5. Authorize the City Manager or his designee to terminate the PSAs for circumstances provided in the PSAs (e.g., Silverado Projects are no longer viable, or the annual performance standard is not met). BACKGROUND: Riverside has been very supportive of the use of renewable energy to serve the retail energy requirements and has historically adopted more stringent requirements than those imposed on IOUs. Riverside Public Utilities' ("RPU") current Renewable Portfolio Standard ("RPS") requires that it supply 20%, 25% and 33% of retail energy needs using renewable resources by 2010, 2015 and 2020, respectively. In 2012, California's Senate Bill (SB) X1-2, mandated that all electric utilities, including RPU, procure increasing amounts of renewable power (primarily from in-state resources) to serve its retail needs during specific compliance periods. Such targets must reach 33% renewable resources no later than calendar year(CY) 2020.