12-14-2020 BPU RPT 11 - Laserfiche WebLink

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W A T E R E N E R G Y L I F E RIVERSIDE PUBLIC UTILITIES • ' Board Memorandum P U B L I C U T I L I T I E S BOARD OF PUBLIC UTILITIES DATE: DECEMBER 14, 2020 ITEM NO: 11 SUBJECT: ELECTRIC SERVICE AGREEMENT WITH THE UNIVERSITY OF CALIFORNIA, RIVERSIDE FOR THE PERIOD OF THREE YEARS WITH THREE OPTIONAL ONE-YEAR EXTENSIONS ISSUE: Consider approval of an Electric Service Agreement between the City of Riverside and the University of California Riverside for the period of three years including three optional one-year extensions. RECOMMENDATIONS: That the Board of Public Utilities recommend that the City Council: Approve a three-year Electric Service Agreement between the City of Riverside and the University of California, Riverside to provide electric services as stipulated in the agreement for the period of three years with three optional one-year extensions; and 2. Authorize the City Manager, or designee, to execute the agreement with UCR including making minor and non -substantive changes. BACKGROUND: In 1998, the City of Riverside entered into a strategic energy agreement for electric services with the University of California, Riverside (UCR). It has since been subsequently amended three times and expired on October 31, 2019. In previous agreements various aspects of electric service to UCR were covered, with agreements on rates, substation ownership and cost sharing, UCR's distribution systems, and operation of the thermal energy storage at the campus. As laws in the utility arena have changed regarding rate incentives, the rate component of these agreements was removed and UCR's rates were transitioned to the published rates for other businesses and institutions. In addition, the ownership of the substation has been removed to be addressed in a separate agreement through electric operations group. The previous and current service agreements focus on public benefits incentives to promote energy efficiency and sustainability at the campus, and coordination and cooperation between UCR and Riverside Public Utilities (RPU) to reach their efficiency and sustainability goals and promote our partnership in working together.