12-10-2018 BPU RPT 08 - Laserfiche WebLink

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P U B L I C U T I L I T I E S BOARD OF PUBLIC UTILITIES RIVERSIDE PUBLIC UTILITIES Board Memorandum DATE: DECEMBER 10, 2018 ITEM NO: 8 SUBJECT: THIRD AMENDMENT TO THE INTERCONNECTION FACILITIES AGREEMENT BETWEEN SOUTHERN CALIFORNIA EDISON COMPANY AND THE CITY OF RIVERSIDE TO INCREASE PAYMENT TO SOUTHERN CALIFORNIA EDISON BY $19,018,110.88 AND REVISE PAYMENT SCHEDULE TO CONTINUE WORK ON RIVERSIDE TRANSMISSION RELIABILITY PROJECT -WORK ORDER NO. 642975, IN THE AMOUNT OF $5,119,000 ISSUES: Approve the expenditure of $5,119,000 for Work Order No. 642975 for the amount due SCE for the Cost of the ISO Controlled Facilities which is subject to reimbursement by SCE and recommend that the City Council approve the Third Amendment to the Interconnection Facilities Agreement between Southern California Edison Company and the City of Riverside revising the Facilities Cost and Payment Schedule and increasing the amount of the Interconnection Facilities Agreement by $19,018,110.88. RECOMMENDATIONS: That the Board of Public Utilities: 1. Approve the expenditure of $5,119,000 for Work Order No. 642975 for the amount due SCE for the Cost of the ISO Controlled Facilities which is subject to reimbursement by SCE; 2. Recommend that the City Council approve the Third Amendment to the Interconnection Facilities Agreement between Southern California Edison Company and the City of Riverside revising the Facilities Cost and Payment Schedule and increasing the amount of the Interconnection Facilities Agreement by $19,018,110.88; and 3. Recommend that the City Council authorize the City Manager, or his designee, to execute the Third Amendment to the Interconnection Facilities Agreement including making minor non -substantive changes, and to sign all documents necessary to complete the transaction for filing with the Federal Energy Regulatory Commission by Southern California Edison Company. BACKGROUND: The Riverside Transmission Reliability Project (RTRP) is a joint project with Southern California Edison Company (SCE) to provide Riverside with a second connection to the State electric transmission grid to address the capacity and reliability needs of the City. The Board of Public Utilities approved the RTRP in January 2006. Funds are available in RTRP Work Order No. 642975 to support the above recommendations.