Loading...
HomeMy WebLinkAbout2016-01-13 Utilities Advisory Commission Agenda Packet NOTICE IS POSTED IN ACCORDANCE WITH GOVERNMENT CODE SECTION 54954.2(a) OR 54956 I. ROLL CALL II. ORAL COMMUNICATIONS Members of the public are invited to address the Commission on any subject not on the agenda. A reasonable time restriction may be imposed at the discretion of the Chair. State law generally precludes the UAC from discussing or acting upon any topic initially presented during oral communication. III. APPROVAL OF THE MINUTES Approval of the Minutes of the Utilities Advisory Commission Meeting held on December 2, 2015 IV. AGENDA REVIEW AND REVISIONS V. REPORTS FROM COMMISSIONER MEETINGS/EVENTS VI. DIRECTOR OF UTILITIES REPORT VII. UNFINISHED BUSINESS None. VIII. NEW BUSINESS 1. Update Regarding Staff Work Plan for Fiber-to-the Premises and Wireless Network and Discussion Ongoing Discussions With Google & AT&T 2. Report on Current Status of the Electric Overhead to Undergrounding Conversion Program Discussion 3. Staff Recommendation that the Utilities Advisory Commission Recommend that the City Action Council Adopt a Resolution Approving a Power Purchase Agreement with Hecate Energy Palo Alto LLC for up to 75,000 Megawatt-hours Per Year of Energy over a Term of up to 40 years for a Total Not to Exceed Amount of $101 Million 4. Solar Hot Water Heating Program Discussion 5. Selection of Potential Topic(s) for Discussion at Future UAC Meeting Action 6. Staff Recommendation that the Utilities Advisory Commission Recommend that the City Action Council Adopt a Resolution Approving the Amended City of Palo Alto Utilities Legislative Policy Guidelines 7. Update and Discussion on Impacts of Statewide Drought on Water and Discussion Hydroelectric Supplies IX. COMMISSIONER COMMENTS X. NEXT SCHEDULED MEETING: February 3, 2016 UTILITIES ADVISORY COMMISSION - SPECIAL MEETING WEDNESDAY, JANUARY 13, 2016 – 7:00 P.M. COMMUNITY MEETING ROOM Palo Alto City Hall – 250 Hamilton Avenue Chairman: Jonathan Foster  Vice Chair: James F. Cook:  Commissioners: Arne Ballantine, Michael Danaher, Steve Eglash, Garth Hall, and Judith Schwartz  Council Liaison: Gregory Scharff Utilities Advisory Commission Minutes Approved on: Page 1 of 8 UTILITIES ADVISORY COMMISSION MEETING MINUTES OF DECEMBER 2, 2015 CALL TO ORDER Vice Chair Cook called to order at 7:05 p.m. the meeting of the Utilities Advisory Commission (UAC). Present: Vice Chair Cook, and Commissioners Ballantine, Danaher, and Eglash Absent: Chair Foster, and Commissioners Hall and Schwartz and Council Liaison Scharff ORAL COMMUNICATIONS None. APPROVAL OF THE MINUTES Commissioner Eglash moved to approve the minutes from the November 4, 2015 UAC meeting as presented and Commissioner Danaher seconded the motion. The motion carried unanimously (4-0) with Vice Chair Cook and Commissioners Ballantine, Danaher and Eglash voting yes, and Chair Foster and Commissioners Hall and Schwartz absent. AGENDA REVIEW AND REVISIONS Commissioner Eglash suggested that New Business Item #3 (Status Update on the Five Items of Interest Discussed in Joint UAC/Council Meeting) should include a discussion of all the items except for recycled water since he would recuse himself on that item, since he is an employee of Stanford University and the Stanford-owned land is the key area served by the proposed project, leaving the commission with less than a quorum. Chair Cook agreed to the change in the agenda. REPORTS FROM COMMISSION MEETING/EVENTS None. UTILITIES DIRECTOR REPORT 1. Communications Utilities staff has been working closely with the Office of Emergency Services, Public Works and other City departments on winter storm, flood and emergency preparedness in anticipation of an El Niño type rain season. City staff has prepared a new Utilities Safety brochure and distributed safety and emergency preparedness tips in multiple utility bill inserts, ads, social DRAFT Utilities Advisory Commission Minutes Approved on: Page 2 of 8 media and on the web. Staff attended neighborhood and business group meetings to educate customers about emergency preparedness and the resources available to them in advance of, during and after a storm. The webpage, www.cityofpaloalto.org/storms provides a wealth of information on these subject matters. Although winter may bring heavy rain, staff continues to communicate that drought regulations are still in effect, and the State will likely extend water use restrictions past February, should drought conditions persist. 2. PG&E and Trees As part of its Pipeline Safety Initiative program, PG&E is clearing vegetation and any structures close to, or on top of, its large gas transmission line that runs through Palo Alto. Public Works is leading the effort to coordinate with PG&E and ensure that the wo rk is carried out in accordance with City standards, and that proper mitigation measures are taken to equitably replace any lost trees or structures. December 2 (tonight) PG&E is hosting a public meeting about its plans for work in Palo Alto related to its Pipeline Safety Initiative. 3. Events, Workshops and Speaking Engagements Several noteworthy events in November included:  November 5: CPAU organized a Facilities Managers meeting at Tibco.  November 12: CPAU staff met with French delegates to discuss technology and utility programs.  November 12: CPAU Utility Marketing Program Administrator Lacey Lutes spoke to the Kiwanis Club about utility programs.  November 13-14: The City hosted the Building Carbon Zero California conference, followed by a PedalHaus tour of sustainable homes in Palo Alto. UNFINISHED BUSINESS None. NEW BUSINESS ITEM 1: DISCUSSION: Discussion of Director of Utilities Recruitment City Manager Jim Keene introduced Teri Black, the recruiter hired to find the replacement for current Director of Utilities Valerie Fong, who will retire effective the end of December 2015. He said that he would like the UAC to provide any input with respect to the qualities and characteristics that they are looking for in the next Director and the challe nges that the UAC sees in the years ahead. He said that, from his experience with executive recruiters, Ter i Black is excellent in performing adequate outreach at the start of a recruitment process Ms. Black said that it was important to get the recruitment started with a “soft opening” of the position in late December, then start heavier recruitment efforts in January with intensive advertising, use of social media, direct phone calls to potential candidates, and attending conferences to drum up interest in the position to find individuals for th is unique position. The position posting will close at the end of January so that the new Director will be on board in the early spring of 2015. Utilities Advisory Commission Minutes Approved on: Page 3 of 8 City Manager Keene said that Assistant City Manager Ed Shikada will be assigned to lead the department in the interim. He noted that Shikada has been San Jose's City Manager and is a licensed engineer. He said that this recruitment will be challenging since the market is relatively small, the cost of living in the area is high, and there are potential commuting difficulties which make it challenging to recruit. The UAC can help to frame the opportunity to make it as attractive as possible since the City and Utilities have a good brand. Commissioner Eglash asked about the schedule for preparing the job description. Ms. Black said that the recruitment brochure will be finished soon. City Manager Keene added that the standard job description is available, but that the brochure will be filled out with details about the needs of the community and the challenges expected in the position. Commissioner Eglash asked if the names of the candidates will become public. Ms. Black replied that only the selected candidate's name will be public when the recruitment is finished. City Manager Keene added that the City’s process is that the City Manager selects the Director and the Council has the opportunity to approve or not approve the select ed candidate. He said that confidentiality is critical in attracting top-notch applicants for this position. Commissioner Eglash said that the recruitment should be focused on the fact that this is a municipally-owned utility since that is a unique place. Commissioner Ballantine said that the Director should have core competency on the transmission level as well as at the distribution level since problems and issues Utilities faces are broad and we need to be looking for a long-term Director of Utilities. Commissioner Danaher said that the candidates should know that Palo Alto has excellent staff and sweet Commissioners. One important attribute is to be environmentally conscious and, noting that there are many changes and innovations now in the utility industry, the Director needs to be both open to innovation and capable of running the utility day to day. Vice Chair Cook noted that this is a unique opportunity and that there are so many utilities that the Director is responsible for—electric, fiber, gas, wastewater, and water. Also, the environmental policies are very important to the community. He noted that it has been very difficult to find and keep employees in all levels of the utility. He added that the industry is changing rapidly and that those who can manage that level of change are attractive to many places including investor-owned utilities and private companies. This is an opportunity to work in a community with aggressive environmental policies as well as low rates. He added that safety is a huge priority. The Director should have a vision of the future of how to operate the utility in a safe and cost-effective manner. Many of these goals are in opposition and must be balanced appropriately. Also, the Director will be second guessed by the UAC and the public and Council. He said that it's an amazing opportunity, but a difficult job, for the right person. Also, there is a huge and increasing amount of regulation. The Director needs to be flexible to deal with all these issues while trying to implement interesting and innovative policies and Utilities Advisory Commission Minutes Approved on: Page 4 of 8 dealing with an industry that is being torn apart and changing at a furious rate. The traditional business model is gone and the Director must be able to find a way forward and help to determine what path the City should take. It's a monumental task and Director Fong has been an exceptional leader. He said that he feels fortunate as a ratepayer that she's been leading the utility. Vice Chair Cook told City Manager Keene that he wishes him all the best to replace Director Fong. City Manager Keene noted that we need someone who is fired up about the o pportunity despite all the issues that must be addressed. Commissioner Danaher suggested that the City could offer some attractive solutions to some of the issues such as leasing an electric car for the Director if they live, for example, in the East Bay and have a lengthy commute. ITEM 2. ACTION: Staff Recommendation that the Utilities Advisory Commission Recommend that the City Council Adopt a Resolution to Continue the Palo Alto Clean Local Energy Accessible Now (CLEAN) Program at the Current Contract Price of $0.165 per kilowatt-hour for Local Solar Resources and at the Avoided Cost Level ($0.081 to $0.082 per kilowatt-hour) for Local Non- solar Eligible Renewable Resources Senior Resource Planner Jim Stack noted that staff returns every year near the end of the year to update the program and the value (or "avoided cost") of local renewable supplies. He discussed the history of the program as it changed from when the program was first adopted in March 2012. He noted that when the Finance Committee last reviewed the program, it voted to reduce the contract price for solar resources from 16.5 cents/kWh to the avoided cost at the time (9.3 cents/kWh), however the Council ultimately approved continuing the 16.5 cents/kWh price, but directed that the rent revenues from an imp ending project to put solar PV on City parking garage rooftops be allocated to the Electric Fund to offset the rate impact of paying a contract price that exceeds the avoided cost. Stack noted that despite the avoided cost being lowered based on the latest renewable energy request for proposals, staff recommends that the 16.5 cent/kWh price be continued. Commissioner Eglash asked why, given the direction from Council in May, this topic is coming back to the UAC now. Stack said that it is prudent to revisit the value of solar and the program annually. Assistant Director Jane Ratchye added that it has been a full year since this item was last discussed by the UAC. Commissioner Eglash said he expects as the cost of solar has fallen and continues to fall, that the CLEAN price should eventually be attractive to someone. Stack reminded that the federal Investment Tax Credit (ITC) is scheduled to fall significantly at the end of 2016, which will change the economics for projects. Commissioner Eglash noted that the value of solar has fallen and the excess cost (the amount by which the CLEAN contract price exceeds the local solar avoided cost) has grown, but it is still small compared to the impact to the electric utility from the drought so he is persuaded to agree with the staff recommendation to maintain the 16.5 cent/kWh price. Utilities Advisory Commission Minutes Approved on: Page 5 of 8 Commissioner Ballantine commented that additional equipment is required for local solar installations to provide local grid resiliency because if there is a power outage, solar systems employing standard inverters will all shut off as well and will not continue to provide power to the building or the grid. He said that supply reliability is an interesting issue and the City may want to think about encouraging or requiring systems to use new grid technology so that all the inverters for these systems don’t turn off when we really want them to be operating. He said that installations operating independent of the utility system may be considered too. He noted that there could be a technical situation with the inverters in the event of a voltage variation that could lead to reduced reliability. He suggested that the program should consider this problem in its design. He added that if the program does not have any takers, maybe there are other issues such as obtaining financing that could be solved. He said that perhaps a different incentive structure could be contemplated with a focus on the load ing of the distribution system since there could be a location on the distribution system that would benefit more from the addition of distributed generation, but that as certain types of renewables come online, the City may see negative impacts on the system in some areas. Commissioner Danaher asked how the avoided cost of the non-solar renewable energy was calculated. Stack explained that the non-solar renewable energy is calculated by looking at the general cost of renewable energy based on results from the latest Request for Proposals (RFP) for baseload-type projects like a biomass generator, and adding in additional values provided by local generation, such as reduced transmission costs, resource adequacy capacity requirements, and distribution system losses. Commissioner Danaher asked why the avoided cost of solar was higher than for non-solar local renewables. Ratchye replied that it is because energy prices tend to be higher in the middle of the day, which coincides with when solar systems are generating energy. Commissioner Eglash suggested that the breakdown of the value of solar could be added to the report to clarify all the parts that make up the avoided cost , and noted that a prior staff report had provided that detail. Stack said that the breakdown of the components of the avoided cost could be added to the report as it goes to the Finance Committee and Council for consideration. Vice Chair Cook agreed that the Council would benefit from seeing this diagram of the makeup of the avoided costs. Commissioner Danaher said that he still doesn’t understand why local solar is more valuable than solar from the Central Valley transmitted to the City. Stack summarized the aspects of the avoided costs including the losses and transmission costs. Ratchye noted that the difference between the avoided cost (about 8.9 cents/kWh) and the CLEAN price was part of the findings made by Council when it last approved the CLEAN price. She pointed to Attachment A of the report, the draft resolution, which lists the additional values of local solar in Section 3 including: “a portion of the City’s electric expenditures remain within the community, which provides revenue for local economic development”, reducing the need for new transmission lines, shading which can reduce the energy required for building cooling and create value for vehicle Utilities Advisory Commission Minutes Approved on: Page 6 of 8 owners, and resiliency of the City’s distribution system in combination with other equipment such as electric storage systems (e.g. batteries). Commissioner Ballantine suggested that with grid support capable inverters, the local resiliency value can be realized. Without that, it can't provide local resiliency. He said that there must be grid support capable inverters, or storage, or direct wiring to load to actually have a local resiliency benefit. Commissioner Danaher said that the goal is to have the cleanest possible resources at the lowest possible cost. He said that he would rather not subsidize local solar if it can be found outside the City for a better price. He would prefer one price for solar and a premium price for solar that can actually provide local reliability. He noted that the extra $380,000 per year for 25 years (the difference between the solar avoided cost and the CLEAN price of 16.5 cents/kWh) could pay for extra staff, which could be more valuable. Vice Chair Cook said that there is great interest in having solar locally and that Commissioner Danaher is a new commissioner without the benefit of those prior discussions. Commissioner Danaher said that if there were grid support capable inverters included, then the value would be increased and the price could be increased. Commissioner Ballantine said that factoring grid support capability into the proposal would take time and can't be done overnight. He said that this is what we have right now and he supports it. Commissioner Eglash recommends approval of continuing the CLEAN price at 16.5 cents/kWh, noting that the proposal is the same as Council action just 7 months ago. Ratchye explained that the situation is different from the Council action in May 2015 in some significant ways. She reminded that the Finance Committee voted unanimously to reduce the CLEAN price for local solar to the avoided cost, but that the Council ultimately decided to continue the 16.5 cents/kWh price after directing that the expected revenue from the expected lease for the City garage solar systems be allocated to the Electric Fund to cover the excess cost for the portion of the program cap that was planned to be used by that project. However, the lease negotiations are proceeding with a new vendor and the lease payments are significantly less than the original proposal. In addition, Ratchye reminded that the avoided cost of local solar has declined consistent with the latest renewable energy RFP results. Commissioner Eglash said that the Council and community recognize the value of local solar and that it has been consistent in its support for the extra costs above the market value. He noted that he opposed such a high CLEAN price when it was initially presented to the UAC, but supports the recommendation tonight because of the strong support for solar in the community. Utilities Advisory Commission Minutes Approved on: Page 7 of 8 Commissioner Danaher recommended that the report that moves on to the Council explicitly enumerate the benefits of local solar. ACTION: Commissioner Eglash made a motion that the UAC recommend that Council support the staff recommendation. Vice Chair Cook seconded the motion. The motion carried by a 3-0 vote with Vice Chair Cook and Commissioners Eglash and Ballantine voting yes, Commissioner Danaher abstaining and Chair Foster and Commissioners Hall and Schwartz absent. ITEM 3. DISCUSSION: Status Update on the Five Items of Interest Discussed in Joint Utilities Advisory Commission and Council Meeting, Including (1) Fiber-to-the Premises; (2) Undergrounding of Electric Lines; (3) Second Electric Connection; (4) Electrification; and (5) Recycled Water Vice Chair Cook noted that since there was less than a full commission attending this meeting, the item may need to be brought back to the Commission for a broader discussion. Public Comment Herb Borock noted that there was a Council item on fiber on Monday this week (November 30). He summarized the Council discussion on Fiber-to-the Premises (FTTP). He noted that the citizens committee has lost some of its members and that Chair Foster is now on the committee. He said he was skeptical that the Google deal was beneficial to the city. Commissioner Danaher said that he attended the Council meeting. He gave his own summary and said Council voted unanimously to explore the idea. Vice Chair Cook noted that the topics of electric undergrounding and the second transmission line are on the upcoming agenda. ITEM 4. ACTION: Selection of Potential Topic(s) for Discussion at Future UAC Meeting Commissioner Danaher said that he would like to see a discussion of the value of local solar, including the parts above the avoided cost. Commissioner Eglash said that he did not see the value of such a discussion unless there was a decision to be made and that he sees an item on the upcoming agenda regarding an update of the Long -term Electric Acquisition Plan including an evaluation of renewable energy. After listening to Commissioner Eglash, Commissioner Danaher withdrew his suggestion. Commissioner Ballantine noted that he had asked last month for an item on the solar hot water heating program, but that the item was provided as an informational item. He asked that it be put on the agenda for discussion at a future meeting. ACTION: None. Utilities Advisory Commission Minutes Approved on: Page 8 of 8 ITEM 5. DISCUSSION: Update and Discussion on Impacts of Statewide Drought on Water and Hydroelectric Supplies Senior Resource Planner Karla Dailey provided an update on the impacts of the drought. She said that the City is doing well towards meeting its water reduction goals for calendar year 2015 to date and for the period starting June 2015 for which the City's mandated reduction goal from the State is 24%. Vice Chair Cook asked what the impact of the El Niño rains will be and whether we will be out of the drought. Dailey said that the State may continue water use restrictions and/or make new permanent conservation measures. She added that Hetch Hetchy water supplies rely heavily on snowpack, not just rain, and that it is unclear if this year’s El Niño will result in above normal snowpack levels.. COMMISSIONER COMMENTS None. Meeting adjourned at 8:53 p.m. Respectfully submitted, Marites Ward City of Palo Alto Utilities 1 MEMORANDUM TO: UTILITIES ADVISORY COMMISSION FROM: UTILITIES DEPARTMENT DATE: JANUARY 13, 2016 SUBJECT: Update Regarding Staff Work Plan for Fiber to-the-Premises and Wireless Network and Ongoing Discussions with Google & AT&T This update, on staff’s Council-approved work plan for fiber-to-the-premises (FTTP) and wireless network and ongoing discussions with Google and AT&T , is for the Utilities Advisory Commission’s (UAC) information. This update has been prepared to keep the UAC and Council apprised of the ongoing FTTP and wireless network initiatives. At its November 30, 2015 meeting, Council directed staff to actively pursue the proposed Work Plan in response to the Council Motion on the FTTP Master Plan and Wireless Network Plan and negotiations with third party providers (Google Fiber and AT&T) simultaneously, rather than phasing these efforts. Items of special interest include:  FTTP Master Plan review with Citizen Advisory Committee (page 5)  The Wireless Network Model update based on 20 Year Forecast (page 5)  Cost Estimate to Expand Wireless Access in City Facilities and Retail Areas (page 6)  RFP to Add Dedicated Wireless Communications for Public Safety and Utilities (page 6)  Dig Once Strategy/Ordinance (pages 7-10)  Co-Build Model discussion with AT&T and Google (page 11)  RFI to Explore a Municipal-Owned and a Public-Private Partnership FTTP Network (page 11)  Google Fiber Update (page 12)  AT&T Update (page 13)  Request for Temporary Fiber and Wireless Senior Program Manager (page 13) ENVIRONMENTAL REVIEW Discussion of the Staff’s Work Plan for FTTP and Wireless Network Plan and Ongoing Discussions with Google & AT&T does not meet the California Environmental Quality Act's (CEQA) definition of "project" under California Public Resources Code Sec. 21065, thus no environmental review is required. ATTACHMENT A. City Council Staff Report #6301 Work Plan for Fiber to-the-Premises and Wireless Network and Ongoing Discussions with Google & AT&T-November 30, 2015 REVIEWED BY: JIM FLEMING, Senior Man ment Analys~ APPROVED BY: 'rector Information Technology/CIC City of Palo Alto (ID # 6301) City Council Staff Report Report Type: Action Items Meeting Date: 11/30/2015 City of Palo Alto Page 1 Summary Title: Work Plan for Fiber to -the-Premises and Wireless Network and Ongoing Discussions with Google & AT&T Title: Approval of Staff's Plan to Simultaneously Pursue Response to Council's Motion on Fiber -to-the-Premises Master Plan and Wireless Network Plan and Continuation of Negotiations With Google Fiber, AT&T; Approval and Authorization for the City Manager to Execute Amendments to two Contracts with Columbia Telecommunications Corporation dba CTC Technology & Energy Extending Each Contract Term T hrough June 30, 2016 and Increasing Compensation Under: (1) Contract Number C15152568 by $94,490 for a Total not to Exceed Amount of $226,140; and (2) Contract Number C15152569 by $58,850 for a Total not to Exceed Amount of $203,794; Approval of a Temporar y Fiber and Wireless Senior Program Manager Position for Three Years at $228,000/year; and Adoption of a Related Budget Amendment Ordinance for Fiscal Year 2016 to Provide Appropriation in the Amount of $172,850 From: City Manager Lead Department: IT Depar tment Staff Recommendation Staff recommends that Council: 1.Approve staff’s plans to pursue the following work concurrently, given that delay in either case could foreclose future options for the City: a.Response to Council Motion (Attachment A) on Municipal Fiber and Wireless: Staff has developed the Work Plan set forth below to address, by the third quarter of 2016, the Council’s September 28, 2015 Motion (the “Council Motion”) requesting clarification and additional work in connection with the City’ Fiber to the Premises (“FTTP”) Master Plan and Wireless Network Plan; and b.Third Party Provider (Google Fiber, AT&T) Negotiations: Staff is continuing discussions and negotiations with third parties considering new service deployments in Palo Alto, including both Google Fiber (potential citywide FTTP network) and AT&T (GigaPower service), and is currently targeting the end of ATTACHMENT A City of Palo Alto Page 2 2015 through Q1 2016 for Council consideration of necessary agreements and approvals. 2. Approve a temporary contract position for a Fiber and Wireless Senior Program Manager, dedicated to Fiber-to-the-Premises and wireless initiatives, in the amount of $228,000 annually, $684,000 for a period up to three (3) years. 3. Approve and authorize the City Manager or his designee to execute amendments to two contracts with Columbia Telecommunications Corporation dba CTC Technology & Energy (“CTC”) as follows: a. Increasing the not-to-exceed amount for Contract No. C15152568 (Wireless Network Plan) by $94,490 from $131,650 to $226,140 (includes a 10% contingency for the provision of related additional, but unforeseen consulting services) and extend the contract to June 30, 2016 to develop a Request for Proposal for dedicated wireless communications for Public Safety and Utilities, in addition to evaluating the expansion of wireless access in retail areas (Attachment B). b. Increasing the not-to-exceed amount for Contract No. C15152569 (FTTP Master Plan) by $58,850 from $144,944 to $203,794 (includes a 10% contingency for the provision of related additional, but unforeseen consulting services) and extend the contract to June 30, 2016 to provide technical analysis of the RFI responses and any consulting services needed to help develop a “Dig Once” ordinance for consideration by the Council (Attachment C). 4. Approve a related Budget Amendment Ordinance (“BAO”) in the total amount of $172,850 for Fiscal Year 2016 from the Fiber Fund Rate Stabilization Reserve; appropriate $114,000 to fund the temporary Fiber and Wireless Senior Program Manager position for the second half of FY 2016 and $58,850 to fund the CTC contract amendments for FTTP (Attachment D). Staff’s recommendation is to actively pursue the proposed Work Plan in response to the Council Motion on the FTTP Master Plan and Wireless Network Plan and negotiations with third party providers (Google Fiber and AT&T) simultaneously, rather than phasing these efforts. Staff’s recommendation that work be completed in parallel is driven by the requirement to preserve both options, inherent in the Council’s motion. There may be a significant risk in delaying third party negotiations (particularly Google Fiber) in order to complete aspects of the Council Motion first, may affect Google Fiber or AT&T interests in building in Palo Alto. At the same time, note that concurrent work required will impact timelines for work products associated with both the Council Motion and negotiations with Google Fiber and AT&T. One of the most critical and immediate requirements then is for direct meetings between the City Manager and Google to clarify and define opportunities sought by the Council for over -build and co-build initiatives, as part of Google’s plans for fiber in Palo Alto. Executive Summary City of Palo Alto Page 3 On September 28, 2015, staff reviewed with Council the two reports prepared by CTC Technology & Energy (“CTC”) for the Fiber-to-the-Premises Master Plan (“FTTP Master Plan”) and the Wireless Network Plan (Reference CMR ID # 6104)1. Council did not adopt staff’s recommendation. Instead, the Council Motion, among other things, directed staff to (1) proceed immediately with two formal solicitations for an RFI for a municipally-owned and/or public-private partnership FTTP network, and an RFP for wireless communications for Public Safety and Utilities, and potentially the expansion of wirele ss access in retail areas; (2) perform cost model analyses; (3) develop a “Dig Once” ordinance; (4) discuss a “co-build” with AT&T and Google, based on the City laying its own conduit to the premise during the respective buildouts. A copy of the Council M otion is attached to this Staff Report as Attachment A. Staff has developed a work plan to address all the components of the Council’s Motion. Work related to the Motion began immediately after the Council meeting and staff recommends Council approval of amendments to the City’s existing contracts with CTC to assist staff in addressing the Council Motion. Palo Alto and four neighboring cities (Mountain View, San Jose, Santa Clara and Sunnyvale) are under consideration as expansion cities for Google Fiber. Google has indicated that it intends to make an announcement in the beginning of 2016 on whether it will deploy Google Fiber in these cities. Staff understands that Google’s announcement is contingent on each city addressing various agreements and the environmental review by the end of the year (e.g., California Environmental Quality Act (“CEQA”) determination, encroachment agreements for the use of the public rights-of-way, and agreements for utility pole attachments). Staff has reached out to the other cities regarding timelines to formalize applications, permits, agreements and approvals. It appears these cities are on schedule to meet Google’s end -of-the- year target. AT&T has submitted the first permit application to the City for review. AT&T plans to begin construction and provide service in 2016. Given the timelines for both the Council Motion and third party providers Google and AT&T, staff recommends moving forward with the activities related to the Council Motion and third party providers concurrently to keep all options viable; however, Google’s timeline for its planned announcement early next year, both third -party providers’ desire to move forward with build-outs in 2016, and the next steps for City fiber and wireless based on Coun cil’s direction create some conflict. For instance, there may be a real risk that delays ( either as a direct or indirect consequence of the current effort to keep both options open) on Google Fiber work could affect Google’s inclusion of Palo Alto in its planned announcement. The work on 1 Although staff has not re-attached the underlying agreements with CTC to this staff report, full copies of those contracts are available as attachments to CMR ID # 5443, available here: https://www.cityofpaloalto.org/civicax/filebank/documents/45634 City of Palo Alto Page 4 the various items covered in the Motion and our ability to be timely and responsive to the third party providers is slowed and complicated by the additional, unanticipated work required by the Motion. The goals in the motion are worthy—a desire to ensure the potential for near ubiquitous access to fiber, now and into the future, and preserve City flexibility over the long term in the quantity and quality of fiber access in Palo Alto. But the dual directives are not simple to manage and accomplish and are not without risk. Background On September 28, 2015, Council reviewed the FTTP Master Plan and Wireless Network Plan (Reference CMR ID # 6104), which had recommended: 1. Defer issuing a Request for Information (RFI) until after December 31, 2015 to determine interest from the private sector in partnering with the City to build and operate a citywide fiber-to-the-premises (FTTP) network. The intervening time between now and the end of the year should enable emerging gigabit broadband services from the private sector to be settled. During this time staff will further evaluate strengths and weaknesses of public utility options. 2. Issue Request for Proposal(s) (RFP) to add dedicated wireless facilities to improve communications for Public Safety and Utilities departments; with an option for expanding Wi-Fi coverage at City facilities and public areas. The Council did not support staff’s recommendation to defer issuing an RFI until after December 31, 2015, while the emerging private broadband services settled. Council directed staff to move forward with the RFI to explore two FTTP models: (1) a municipal -owned model with contractors for build and ongoing operations and (2) a public-private model with City- owned fiber and private partner (such as Sonic.net) operating and owning electronics -- in addition to considering both Google in the market and not in the market. To that end, staff will also need to consider the impact of Google Fiber in both models, if Google elects to build a network in Palo Alto. In addition to issuing the RFI, Council directed staff to:  Review with the Citizen Advisory Committee (“CAC”) the model assumptions and cost estimates in the FTTP Master Plan report for a city owned and operated network. If there is a disagreement between CTC’s report and the CAC’s recommendation, staff will report to the Council the highlights of the discrepancy and provide the Council with a revised forecast as an Action Item;  Develop a “dig once” ordinance;  Initiate discussions with AT&T and Google Fiber on a “co-build” model. For the Wireless Network Plan, Council approved staff’s recommendation to issue an RFP to improve wireless communications for Public Safety and Utilities. Council also directed staff to:  Work with CTC to develop a 20-year forecast for citywide wireless consistent with the FTTP report; and City of Palo Alto Page 5  Evaluate expanding wireless access in retail areas, with an option of expanding Wi-Fi coverage at City facilities and public areas as part of the RFP. Discussion Staff seeks direction and approval from Council to pursue the Council Motion Work Plan and Third Party Provider Negotiations with Google Fiber and AT&T concurrently. Staff recommends expediting efforts on both initiatives because they have the potential to ach ieve the Council’s goal of creating a ubiquitous fiber network in Palo Alto reaching nearly all residents and businesses. Since the same staff members are working on both the Motion and Third Party Providers, staff also recommends adding additional resources to meet the targeted timelines. Additional expertise may also be required. 1. STAFF WORK PLAN COUNCIL MOTION ON MUNICIPAL FIBER AND WIRELESS A. Review FTTP Master Plan with Citizen Advisory Committee (CAC) On October 29, 2015, staff facilitated an interactive session with members of the CAC and CTC to review the FTTP Master Plan report. CTC provided an overview of the detailed data and cost assumptions supporting the $47 million FTTP outside plant (OSP) cost estimates. This overview covered the network design model, cost estimation methodology, key field survey metrics surrounding Palo Alto, unit pricing and cost estimate breakdown. The meeting did not cover the additional $30 million required for equipment purchases, financing and operational a nd maintenance expenses. Since the meeting, CTC has provided a detailed summary of the model assumptions, cost drivers, and unit pricing of the OSP buildout. Staff scheduled a follow up meeting with CAC on November 12, 2015 to identify and discuss any di sagreements between CTC’s report and CAC’s recommendations (and other matters). The results of the meeting were productive regarding dialog between staff and the CAC in terms of identifying discrepancies. Staff will report the disagreements between the CTC and CAC cost estimates in the next Council FTTP update. B. Update Wireless Network Model based on 20 Year Forecast CTC updated the 20 year financial models (Attachments E1 and E2) for scenario 2 phase A (Provide 100 Mbps blanketed public Wi-Fi to core City businesses and residential areas) and scenario 2 phase B (Provide 1 Gbps blanketed public Wi-Fi to core City businesses and residential areas). The results from the updated models did not change significantly from the original 7 year forecasts because new technologies are constantly emerging and the lifecycle of Wi-Fi technologies is between five to seven years. As is the case with much of the equipment associated with Information Technology, there is a relatively short user technology timeframe for wireless equipment. In other words, while the equipment may still be operational and fully functional over possibly a decade, the combination of the movement of technology to new generations of hardware, the development of new software, and the lack of cos t-effective long- City of Palo Alto Page 6 term support from equipment manufacturers requires fairly frequent equipment replacement cycles. In the 20-year model, CTC assumes replacement of equipment every seven years so the financial forecast repeats itself after every seven years. It is important to note both staff and CTC are not recommending a citywide public Wi-Fi deployment under scenario 2 phases A and B. Staff’s recommendation is to improve Wi-Fi access for Public Safety and Utilities and highly visited public facilities (i.e. community centers, parks) if feasible. C. Provide Cost Estimate and Fiber Backhaul Information to Expand Wireless Access in City Facilities and Retail Areas Staff has provided CTC with a map of the existing fiber network and splice points in the City . CTC will first focus on the priority I and II sites identified in the report and will eventually address the priority III sites. Based on the existing fiber network and splice points, CTC will provide a high level interconnection cost estimate of each individual access point to a central control and distribution center. CTC may be required to make individual site visits to review existing infrastructure, targeted coverage area and opportunities for a common build. A high level estimate can be completed by December 2015. Expanding Wi-Fi access to retail areas (e.g. University Avenue, California Avenue) was not included in the original scope of work. Based on the existing fiber network and splice points, CTC can develop an engineering design and cost estimates on the installation and equipment required to provide wireless access in these targeted retail areas. This will require a contract amendment in the amount of $15,000 and can be completed by December 2015. D. Issue RFP to Add Dedicated Wireless Communications for Public Safety and Utilities CTC has provided the City an RFP template to construct a Critical Infrastructure Wireless Network (CIWN) that will enable secure wireless data transfer in the FCC-licensed 4.9 GHz Public Safety wireless band. The RFP defines the full range of equipment and services to be procured to support the CIWN deployment, including network hardware components, system integration support for the network implementation, staff training, testing, maintenance, and documentation. A contract amendment (Exhibit B) in the amount of $94,490 will be required to customize the RFP to meet the business needs of Public Safety and Utilities in scenario 3 (Deploy a Point-to-Multipoint Network for Secure City Enterprise Access) and scenario 4 (Deploy a Citywide Mobile Data Network for Public Safety). CTC will have to gather specific user requirements from the departments including site locations, number of users, minimum throughput and coverage area in order to prepare an engineering design. The RFP would be issued by March 2016 and final findings and recommendations will be completed by the third quarter of 2016. As noted in Staff Report No. 5443, CTC’s assistance with RFP development and evaluation precludes CTC’s involvement in subsequent project phases. Where parties collaborate in the City of Palo Alto Page 7 development of an RFP, general conflict of interest prohibitions, including section 1090 of the California Government Code, often preclude such from subsequently bidding on the resultant RFP they have helped to develop. The contract amendments recommended for Council approval here only contemplate CTC’s assistance with development of an RFP and evaluation of responses for a possible second build-out phase (if Council decides such an RFP is warranted). The recommended contract amendments do not in any way contemplate CTC’s involvement in any manner, including as a bidder, in such a second phase given conflict of interest prohibitions. In addition, CTC is not affiliated with equipment manufacturers or cable operators and has no relationships with firms or individuals who may submit proposals in response to future RFPs that may be developed through this engagement. CTC’s responses to the FTTP and Wireless RFPs states that “we can provide independent guidance; we have, as a policy, no financial stake in the strategies you choose and will not bid on any resulting construction work.” E. Develop a Dig-Once Ordinance The Council Motion requested that staff bring forth a “Dig-Once” ordinance to Council as soon as possible. As staff indicated at the September 28, 2015 Council Meeting, development of a Dig-Once strategy for the City requires coordination and input from the City’s Utilities, Public Works, and Development Services departments, the City Attorney’s Office as well as additional research to: (1) identify the City’s existing strengths in coordinating underground work; and (2) survey approaches adopted and/or proposed in other jurisdictions. Staff is currently pursuing such coordination and research effort s (including federal, state and other municipal Dig-Once approaches) in order to evaluate the City’s existing Dig-Once approach and any opportunities that may exist for expansion. Staff recommends approval of the attached contract amendment with CTC (Exhibit C), which includes a not-to-exceed amount of $10,000 for Dig-Once related research and consulting services to supplement staff’s work in this area. Staff is currently targeting the first quarter of 2016 to return to Council with this item. Although staff’s research and coordination effort is already underway, staff may nevertheless benefit from additional direction Council may be to provide, particularly with respect to Council’s goals for a City Dig-Once strategy. Additional information concerning Dig-Once policies is provided below, including a description of the City’s already existing tools for encouraging coordination amongst internal departments and external parties. i. Dig-Once Defined “Dig-Once” is typically a reference to polices, practices, ordinances, resolutions, agreements and other efforts that attempt to consolidate work in the Public Right-of-Way (“PROW”) amongst utility and telecommunications providers by opening streets and the PROW to related construction simultaneously. City of Palo Alto Page 8 ii. Goals for a Dig-Once Strategy Potential objectives for a Dig-Once strategy vary, and may include:  Protection of newly and recently paved roads and sidewalks  Enhancing the uniformity of construction and efficient, non-duplicative placement of infrastructure in the PROW  Reducing overall costs of all underground work, both utility and telecommunications related, in the PROW for public and private parties.  Specifically facilitating communications network deployment by private entities by reducing the cost of construction  Leveraging construction by third party entities for the deployment of a public communications network. Achievement of any of the above stated goals using a Dig-Once strategy is not without trade- offs. For instance, implementation of a Dig-Once strategy may extend overall construction work on a given project or increase daytime noise and impact parking. A Dig -Once strategy could also have significant staff impacts and costs, including previously unanticipated increases in internal staff work, the need to engage third party consultants and contractors for various studies and construction work, and the sheer cost of materials for installation. The goals underlying a Dig-Once strategy are also subject to limitations imposed by the legal framework applicable work in the PROW discussed briefly in this staff report. iii. Methods for Implementing a Dig-Once Strategy Existing Dig-Once strategies can generally be categorized as requiring:  Some form of joint planning, notice and coordination of work in the PROW; and  Whenever technically feasible and economically practicable, that the public agency and/or private party install conduit and/or telecommunications infrastructure in an open PROW. Local governments rely on a patchwork of ordinances, resolutions, formal and informal policies, guidelines, standard specifications for communications conduit installation, joint trench agreements, master conduit agreements to impose the above stated requirements on private and public parties working in the PROW. Such requirements may be imposed on all construction underway in the City, or on a more targeted basis in connection just with capital improvement projects of a significant size being undertaken by the public agency or private party. iv. City’s Existing Dig-Once and Coordination Tools City of Palo Alto Page 9 Even though the City has not adopted a formal Dig-Once policy, the City has a suite of policies and negotiated agreements with external parties in place that encourage coordination amongst City departments and external parties when streets or the PROW are opened for construction. These policies and agreements share a number of characteristics with “Dig -Once” policies, ordinances and agreements adopted in other jurisdictions. Third Party Applicant Coordination with the City: Section 12.10.060 of the Palo Alto Municipal Code (“Coordination with City”) requires applicants desiring to utilize the PROW or any street, alley, sidewalk or other public place to notify the City in advance. Those applicants must coordinate, to the fullest extent practicable, utility and street work to minimize damage, avoid undue disruption and interference with the public use of PROW, streets, alleys, sidewalks or other public places. In addition, whenever two or more parties have concurrent ly proposed a major excavation in the same block, section 12.10.060 directs these parties to meet and confer with the City to determine whether it is feasible to conduct a joint operation. Joint Trench Coordination in Underground Utility Districts: Section 12.16.030 of the Palo Alto Municipal Code (“Underground Utilities”) prohibits poles, overhead lines and associated overhead structures in established underground districts. When the City establishes new underground utility districts, the City must coordinate with existing utility and telecommunications providers in the district in order to cooperatively underground all infrastructure that was previously above ground. The City relies on its existing Master Agreement for Installation of Underground Facilities in the City of Palo Alto (the “Master Agreement”) with AT&T and Comcast to facilitate joint trenching and placement of the underground facilities belonging to the City and to third party telecommunications providers in the PROW and on private properties in underground utility districts. Under the terms of the Master Agreement, the trenching party must notify and offer joint participation to the non - trenching parties. In particular, the trenching party provides non -trenching parties with the proposed trenching location, approximate time of opening, and an offer to perform the construction, installation and placement of underground facilities. The cost of the trenching and construction is then shared amongst the participating parties. Targeted Work Zones: In response to the Audit of Street Maintenance (Office of the City Auditor, 2006), staff established a “Targeted Work Zones” concept to improve coordination of street work being performed by the City’s utilities and public works departments to protect street resurfacing projects to minimize utility street cuts in restored streets. Master License Agreement for use of City Conduit: The City also adopted a Master License Agreement for the use of City-controlled spaces for communications infrastructure, including installations on utility poles and streetlight poles and in underground conduit (Resolution 9193), which can obviate the need for time consuming negotiations of new agreements every time a third party provider desires to access City conduit underground. v. Other Dig-Once Strategies City of Palo Alto Page 10 A variety of Dig-Once strategies are being considered or have otherwise been adopted at both the federal and local level. For instance, both the City and County of San Francisco2 and Santa Cruz County3 have adopted local Dig-Once strategies. Each approach takes a number of steps to facilitate cooperation, most notably requiring coordination amongst City departments and third parties working in the PROW and the establishment of standard specifications for the placement of communications conduit in the PROW. In each case, the adopted Dig-Once measures require the placement of conduit where practicable and feasible. Dig-Once related legislation has been introduced in both houses of Congress. Senator Amy Klobuchar (D-MN) introduced the “Streamlining and Investing in Broadband Infrastructure Act” (S.2163) and Representative Anna Eshoo (CA-18) introduced the Broadband Conduit Deployment Act (H.R.3805). Both measures adopt a nearly identical approach to Dig-Once, requiring that conduit be installed in connection with projects that receive federal highway funding. Note that in each case, installed conduit is not dedicated to the federal government’s use for the purpose of establishing a federal, state or local broadband network; the conduit is available to all potential providers. The bills expressly require that “any requesting broadband provider would have access to the installed conduit on a competitively neutral and nondiscriminatory basis, for a charge not to exceed a cost-based rate.” Senator John Thune (R- SD) is also circulating draft legislation, entitled the MOBILE NOW Act, which would likely include a Dig-Once component that is less prescriptive than the requirements in the Klobucher and Eshoo bills. Staff will continue to monitor the draft of the MOBILE NOW Act as it is developed.4 On June 14, 2012, President Obama signed an Executive Order directing the U.S. Department of Transportation to review Dig-Once requirements in existing programs and opportunities for installation of broadband on highway rights of way.5 The Executive Order directs the Department of Transportation to identify best practices for minimizing excavati ons and for opportunities to utilize Dig-Once policies. vi. Legal Framework Generally, under federal and California law, and subject to certain conditions protecting the City’s PROW management and compensation authority and land use authority, the City cannot prohibit most third party providers from gaining access to the PROW and utilities infrastructure 2 Ordinance No. 220-14, adopted November 2014 (http://tinyurl.com/oaz2qly) 3 http://tinyurl.com/oozsuq3 4 Note that the Klobuchar and Thune bills are not stand-alone Dig-Once legislation. Instead, each measure packages Dig-Once provisions alongside language of great concern to local governments because of its potential to restrict local authority and flexibility in the area of wireless and telecommunications siting. 5 https://www.whitehouse.gov/the-press-office/2012/06/14/executive-order-accelerating-broadband- infrastructure-deployment City of Palo Alto Page 11 located therein. The City can, however, establish reasonable rates, terms and conditions of access to utilities infrastructure in the PROW, including adopting rules and regulations relating to the time, place and manner of attachment to that infrastructure. F. Discuss a Co-Build Model with AT&T and Google In the September 28, 2015 Motion, Council directed staff to discuss a co -build model with AT&T and Google on how the City can lay its own conduit to the premise during the buildouts. Citizen’s Advisory Committee (“CAC”) Members discussed the co -build concept at the CAC’s November 12, 2015 meeting. CAC Member Bob Harrington provided Council with a m emo describing the co-build concept during the September 28, 2015 Council meeting. Staff has conducted some preliminary research and raised the co -build concept with CTC. Based on initial research and discussions, the City is unaware of any existing co -build model that has occurred between a municipality and an incumbent or an overbuilder. Staff has informed Google of Council’s Motion and Google has requested a more detailed description of the co-build model. Most importantly, as discussed at the most recent CAC meeting, it is imperative that the City Manager meet with top Google Fiber decision makers to discuss the co-build options and opportunities. Clarification on this subject will be most instructive and could influence the next steps the City takes and our timelines in response to current Council directives. Staff also plans to raise the issue in its discussions with AT&T concerning the AT&T GigaPower expansion. G. Issue RFI to Explore a Municipal-Owned and a Public-Private Partnership FTTP Network CTC will assist the City in developing an RFI to explore and evaluate potential vendors or partners who are interested in building a fiber network in Palo Alto. The RFI document should clearly articulate the City’s needs and desires, and invite private companies to respond and outline their unique approaches to solving the City’s connectivity needs. The RFI will be strategically developed to elicit interest from an array of vendors or partners and provide the City a better cost estimate associated with its goals. CTC encourages the City to exercise caution in the requirements of the RFI because it may deter potential vendors or partners from responding if they do not believe they possess the staff or qualifications to meet a strict list of City’s demands. The RFI will be issued by March 2016. Given the importance and time sensitivity of the RFI responses, staff recommends amending CTC’s contract to provide technical analysis and recommendation of the responses. The additional scope of work includes analysis of the individual responses, high level summary of the responses, outline of the perceived City risks and benefits and areas that require further investigation. Depending on the number of responses and discussions with the potential City of Palo Alto Page 12 provider(s) and the City, the contract amendment is $58,850. Final findings and recommendations will be completed by the third quarter of 2016. 2. THIRD PARTY PROVIDER (GOOGLE FIBER, AT&T) NEGOTIATIONS A. Google Fiber Google Fiber’s proposed FTTP (fiber-to-the-premises) deployment would largely be limited to the public right of way, both underground and on utility poles. Google is proposing to construct an FTTP infrastructure network that would allow them to provide Internet and video service throughout the City. According to Google, the proposed project includes the installation of aggregators that connect to main line fiber-optic infrastructure. From these aggregators (in existing equipment rooms), the fiber cables would travel along existing utility corridor s (either above or below ground) into underground vaults (or, if necessary, aboveground utility cabinets) and then the vaults/cabinets to customers. Criteria that would be used to site vaults and other network infrastructure include the following:  Network optimization  Conflict with other utilities  Safety  Impact on residences  Aesthetics  Street characteristics Google’s basic network design would include a fiber ring, in addition to approximately 300 large vaults and up to 4,000 small vaults distributed thro ughout the City. Although it is anticipated that traditional utility cabinets would not be necessary, certain situations may require the deployment of aboveground cabinets as part of the system to enhance network performance. At this time, Google does not plan to build “Local Aggregation Sites” in Palo Alto (also known as “prefabricated fiber huts”). Google’s FTTP network in Palo Alto would be served by fiber huts located in adjacent cities. At this time, staff does not believe that Google’s fiber ring w ould have any impact on the City’s existing fiber ring in terms of being a competitor to the commercial dark fiber enterprise. Google’s network design will require attaching fiber -optic cable and supporting infrastructure to the majority of utility poles in Palo Alto. Of the 6,000 utility poles in Palo Alto, approximately 5,400 are co-owned with AT&T under a Joint Pole Agreement executed in 1918. Attachment of Google’s fiber and supporting facilities to utility poles, or attachment of similar facilities by any other third party, requires the execution of a Master License Agreement (“MLA”) for the use of City-controlled space on utility poles and streetlight poles and in conduits. The City anticipates that substantial staff and third party contracting r esources for legal services, engineering, inspection, planning and administration will be required in connection with the Google Fiber Project. The significant staff and third party contractor time required is City of Palo Alto Page 13 attributable to the both the complex nature of the project and Google’s desire to pursue an accelerated timeline. Google’s goal is to complete its project within 24 to 36 months. For instance, the Google Fiber project currently requires staff and third party consultant work, including:  Drafting and negotiation of a Master License Agreement, Master Encroachment Agreement, Cost Recovery Agreement and potential amendments to existing City agreements related to utility poles and development of a California Environmental Quality Act determination.  Planning for engineering review of work submittals, field inspection of utility poles and construction, joint pole coordination with AT&T, locating of underground infrastructure, mapping and customer communication.  Preparation for plan reviews, permit processing, traffic control reviews and tree trimming coordination. As noted above, the City has already incurred and will incur costs and expenses beyond what the City would otherwise recover for under the Municipal Fee Schedule and will request that Google reimburse the City for such costs and expenses through a cost recovery agreement. B. AT&T GigaPower In April 2014, AT&T announced their plan to bring fiber to the Silicon Valley area. Subsequently, in May 2015, AT&T approached the City with intentions to bring its gigabit Internet service to Palo Alto. This service, called “GigaPower”, is an upgrade to AT&T’s existing U-verse services (Project LightSpeed) and will be deployed to residents by the installation of approximately twenty seven (27) new cabinets that will be placed next to existing U-verse cabinets. Initially, AT&T will select neighborhoods with high potential for adoption and will use consumer demand levels to determine further deployments in the city. AT&T has submitted the first permit application to the Department of Public Works for review. AT&T plans to begin construction and provide service in 2016. 3. STAFFING A. Temporary Fiber and Wireless Senior Program Manager Approximately 1.75 FTEs are assigned from the Information Technology and Utilities Departments to work on the various fiber-related initiatives. Given the time sensitivity and rigorous workload and expertise needed in relation to Council’s Motion, Google Fiber, AT&T GigaPower and other third party telecommunication requests, staff recommends adding a contractor position for up to three years who will be dedicated to the fiber -to-the-premises and wireless initiatives for the City. The current market rate for a non -benefit Senior Project City of Palo Alto Page 14 Manager consultant is $110/hour, which equated to an annual cost of $228,000 and an overall cost of $684,000 over the three-year period. B. Cost Recovery for Third Party Projects Staff will be returning to Council in January 2016 for approval for reimbursable contract services if the departments of Public Works and Utilities retain temporary staff or through a RFP process to engage third party contract services to facilitate Google’s FTTP network deployment and AT&T upgrades, if necessary. Determining total estimated costs for temporary staff ing and contract services are in progress. Staff’s current plan is to propose funding for these resources initially from Fiber Fund reserves pending Council’s approval to use the reserves, in the event that the City’s costs are not recoverable up front, b ut rather require reimbursement. Timeline Staff expects most of the work on the Motion to be completed by March 2016. The findings and recommendations of the two solicatations will be completed by the third quarter of 2016. The deployment of Google Fiber in the City is expected to take approximately 24-36 months from the start date, which is to be determined. The first phase of AT&T GigaPower is expected to be completed during 2016. Conclusive decision meetings on co-build between the City Manager and Google need to occur before the end of the calendar year. Given the aggressive timelines for both the Council Motion and third party providers, staff is concerned about its capacity to complete all the activities described in this report on a timely basis. Resource Impact A Budget Amendment Ordinance in the amount of $172,850 for Fiscal Year (FY) 2016, offset with a reduction to the Fiber Fund Rate Stabilization Reserve, is recommended to fund the following:  $114,000 for a temporary Senior Project Manager consultant for six months from January through June 2016; beginning in FY 2017, staff will request the full funding for this position as part of the annual budget process.  $58,850, which includes a 10 percent contingency, for a contract amendment with CTC to provide analysis and recommendation of the RFI responses for the municipal-owned and public-private partnership FTTP network and consultation on a dig once policy. A contract amendment in the amount of $94,490, which includes a 10 percent contingen cy, with CTC to develop a detailed RFP and provide analysis for wireless communications for Public Safety, Utilities, City facilities and retail areas will be funded by existing operating budgets in IT, Public Safety and Utilities. City of Palo Alto Page 15 If staff is tasked with accomplishing the effort with existing resources, electric and fiber system improvements will be deferred, audits will need to be delayed, and new customer connections will be significantly delayed. Environmental Review Council’s approval of the following does not meet the California Environmental Quality Act (CEQA) definition of a “project” set forth in California Public Resources Code Sec. 21065, thus no environmental review is required: (1) staff’s plan to pursue its response to the Council Motion on Municipal Fiber and Wireless and negotiations with third party providers (Google Fiber, AT&T) concurrently; (2) a temporary contract position for a Fiber and Wireless Senior Program Manager; (3) two amendment to the City’s contract with CTC for the FTTP Master Plan and Wireless Network Plan; and (4) related BAOs. Attachments:  Attachment A - 09-28-15 Excerpt Item 8 DRAFT ACTION Minutes (PDF)  Attachment B - CTC Wireless Network Plan Contract Amendment Final (PDF)  Attachment C - CTC FTTP Master Plan Contract Amendment Final (PDF)  Attachment D - BAO XXXX - FTTP AND WIRELESS NETWORK (DOCX)  Attachment E1 - Palo Alto Wireless Scenario 2 Phase A - 20 Year Forecast (PDF)  Attachment E2 - Palo Alto Wireless Scenario 2 Phase B - 20 Year Forecast (PDF) CITY OF PALO ALTO CITY COUNCIL EXCERPT DRAFT ACTION MINUTES Page 1 of 4 Special Meeting September 28, 2015 The City Council of the City of Palo Alto met on this date in the Council Chambers at 5:36 P.M. Present: Berman, Burt arrived at 5:49 P.M., DuBois, Filseth, Holman, Kniss, Scharff, Schmid, Wolbach Absent: Action Items 8. Discussion of Fiber-to-the-Premises Master Plan and Direction to Staff on Next Steps for Fiber and City Wireless Services. MOTION: Council Member DuBois moved, seconded by Council Member Burt to: A. Adopt a goal of creating a ubiquitous fiber network in Palo Alto with City ownership of Fiber assets; and B. Reject the consultant’s report “as is” and request: i. In the Fiber-to-the-Premises (FTTP) Master Plan, detailed assumptions, and their impacts, used to forecast the FTTP capital additions are to be reviewed by, and agreed to, by a majority of active citizen advisors; once this is accomplished, a revised forecast is to be provided; and ii. In the Wireless Network Report: a. A 20-year forecast should be provided consistent with the FTTP report; and DRAFT ACTION MINUTES Page 2 of 4 City Council Meeting Draft Action Minutes: 9/28/15 b. The description of Scenario 1 lacked both a price forecast and fiber backhaul details for the proposed municipal properties to be served; these details should be included in an update prior to a Request for Proposals (RFP). (Scenario 1); and C. Issue an RFP for Public Safety and Utilities Departments (Scenarios 3 and 4); and D. Wireless plans will not use Fiber funds; and E. Direct Staff to bring a dig-once Ordinance as soon as possible; and F. Direct Staff to discuss co-build with AT&T, Google, and Comcast how the City can lay its own conduit to the premise during their buildouts; and G. Move forward with Request for Information (RFI) exploring both Muni- owned model with contractors for build and ongoing operations, and public-private model with City owning fiber and private partner (such as Sonic) operating and owning electronics, considering both Google in the market and without Google in the market. INCORPORATED INTO THE MOTION WITH THE CONSENT OF THE MAKER AND SECONDER to add to the Motion Part A, “reaching nearly all residents” after “Palo Alto.” INCORPORATED INTO THE MOTION WITH THE CONSENT OF THE MAKER AND SECONDER to add to the Motion at the end of Part D, “at this time.” INCORPORATED INTO THE MOTION WITH THE CONSENT OF THE MAKER AND SECONDER to add to the Motion Part B, Subsection (ii)(b), “expanding wireless to retail areas in North and South Palo Alto.” INCORPORATED INTO THE MOTION WITH THE CONSENT OF THE MAKER AND SECONDER to add to the Motion at the end of Part A, “and that goal will be revisited in the first quarter of 2016.” DRAFT ACTION MINUTES Page 3 of 4 City Council Meeting Draft Action Minutes: 9/28/15 INCORPORATED INTO THE MOTION WITH THE CONSENT OF THE MAKER AND SECONDER to add to the Motion at the end of Part B, Subsection (i), “to the Council as an Action Item.” INCORPORATED INTO THE MOTION WITH THE CONSENT OF THE MAKER AND SECONDER to replace in the Motion Part B, Subsection (i), “and agreed to, by a majority of active citizen advisors” with “Citizens Advisory Committee (CAC); if there is a disagreement between the consultant’s report and the CAC’s recommendation, the Staff Report to Council will highlight the discrepancy.” INCORPORATED INTO THE MOTION WITH THE CONSENT OF THE MAKER AND SECONDER to replace in the Motion Part B, “Reject the consultant’s report “as is” and request” with “Request an update to the consultant’s report including:” INCORPORATED INTO THE MOTION WITH THE CONSENT OF THE MAKER AND SECONDER to replace in the Motion Part A, “goal” with “preferred alternative.” INCORPORATED INTO THE MOTION WITH THE CONSENT OF THE MAKER AND SECONDER to remove from the Motion Part F, “Comcast.” AMENDMENT: Council Member Berman moved, seconded by Council Member Scharff to remove from the Motion Part G, “Move forward with Request for Information (RFI) exploring both Muni-owned model with contractors for build and ongoing operations, and Public—private model with City owned fiber and private partner (such as Sonic) operating and owning electronics, considering both Google in the market and without Google in the market.” AMENDMENT FAILED: 4-5 Berman, Holman, Kniss, Scharff yes INCORPORATED INTO THE MOTION WITH THE CONSENT OF THE MAKER AND SECONDER to remove from the Motion Part B, Subsection (i) “by the majority of.” INCORPORATED INTO THE MOTION WITH THE CONSENT OF THE MAKER AND SECONDER to remove from the Motion Part E, “as soon as possible.” DRAFT ACTION MINUTES Page 4 of 4 City Council Meeting Draft Action Minutes: 9/28/15 INCORPORATED INTO THE MOTION WITH THE CONSENT OF THE MAKER AND SECONDER to add to the Motion Part C, “to add dedicated wireless communications to increase communication” after “Issue RFP.” INCORPORATED INTO THE MOTION WITH THE CONSENT OF THE MAKER AND SECONDER to add to the Motion at the end of Part D, “but will be revisited when Council reviews Fiber Goals in the first quarter of 2016.” INCORPORATED INTO THE MOTION WITH THE CONSENT OF THE MAKER AND SECONDER to add to the Motion at the end of Part B, Subsection (ii)(b), “with an option for expanding Wi-Fi coverage at City facilities and public areas as part of the Request for Proposals (RFP).” INCORPORATED INTO THE MOTION WITH THE CONSENT OF THE MAKER AND SECONDER to add to the Motion Part A, “as a public benefit” after “Fiber assets.” MOTION AS AMENDED PASSED: 9-0 Adjournment: The meeting was adjourned at 11:58 P.M. 1 AMENDMENT ONE TO CONTRACT NO. C15152568 BETWEEN THE CITY OF PALO ALTO AND COLUMBIA TELECOMMUNICATIONS CORPORATION DBA CTC TECHNOLOGY & ENERGY This Amendment One (“First Amendment”) to Contract No. C151525668 (“Agreement”) is entered into ___________, 2015 (“Amendment Effective Date”), by and between the CITY OF PALO ALTO, a California chartered municipal corporation (“CITY”), and COLUMBIA TELECOMMUNICATIONS CORPORATION, dba CTC Technology & Energy, a Maryland corporation, located at 10613 Concord Street, Kensington, MD (“CONSULTANT”) (collectively, the “Parties”). R E C I T A L S A. The Agreement dated effective December 1, 2014, was entered into between the Parties for Consultant to develop a Wireless Network Plan with a near-term focus on Wi-Fi deployment and a long-term consideration of other wireless technologies (“Project”) for the City. B. The Parties now desire to expand the scope of work, extend the term of the Agreement from its current expiration date of May 30, 2015 to June 30, 2016 and to increase the current “Not to Exceed Amount” by from $131,650 to $217,550, with a contingency (10 percent of the increased amount) for the provision of related additional, but unforeseen consulting services.for a total Not-to-Exceed Amount of $226,140, to allow for Consultant to work with staff to: (1) evaluate expanding wireless access in retail areas, with an option to expand Wi-Fi coverage of City facilities and public areas as part of a Request for Proposal; and (2) issue a Request for Proposal and analyze responses to add dedicated wireless communications to increase communication for Public Safety and Utilities departments. C. To accomplish these purposes, the Parties wish to amend the Agreement. NOW, THEREFORE, in consideration of the covenants, terms, conditions, and provisions of this First Amendment, the Parties agree: SECTION 1. Section 2. TERM is hereby amended to read as follows: “SECTION 2. TERM. The term of this Agreement shall be from December 1, 2014 through June 30, 2016, unless terminated earlier pursuant to Section 19 of this Agreement.” SECTION 2. Section 4. NOT TO EXCEED COMPENSATION is hereby amended to read as follows: “SECTION 4. NOT TO EXCEED COMPENSATION. The compensation to be paid to CONSULTANT for performance of the Services described in Exhibit “A-1”, including both payment for professional services and reimbursable expenses, shall not exceed Two Hundred and Twenty-Six Thousand and One Hundred and Forty Dollars ($226,140), which includes a contingency amount of Eight Thousand, Five Hundred and Ninety Dollars ($8,590) as described in DocuSign Envelope ID: EF5C2785-B14F-4403-81EA-C66B66A0A9F3 2 Exhibit “C-2” for the provision or related additional, but unforeseen consulting services. The applicable rates and schedule of payment are set out in Exhibit “C- 1”, entitled “COMPENSATION,” which is attached to and made a part of this Agreement. Additional Services, if any, shall be authorized in accordance with and subject to the provisions of Exhibit “C-1”. CONSULTANT shall not receive any compensation for Additional Services performed without the prior written authorization of CITY. Additional Services shall mean any work that is determined by CITY to be necessary for the proper completion of the Project, but which is not included within the Scope of Services described in Exhibit “A-1”. SECTION 3. The following exhibit(s) are hereby added to the Agreement as set forth in the attachment(s) to this First Amendment, which are incorporated in full by this reference: a. Exhibit “A-1” entitled “SUPPLEMENTAL SCOPE OF SERVICES”. b. Exhibit “B-1” entitled “SUPPLEMENTAL SCHEDULE OF PERFORMANCE” c. Exhibit “C-2” entitled “SUPPLEMENTAL COMPENSATION” SECTION 4. Except as herein modified, all other provisions of the Agreement, including any exhibits and subsequent amendments thereto, shall remain in full force and effect. IN WITNESS WHEREOF, the Parties have by their duly authorized representatives executed this First Amendment on the Amendment Effective Date. CITY OF PALO ALTO ____________________________ City Manager APPROVED AS TO FORM: _____________________________ Senior Deputy City Attorney COLUMBIA TELECOMMUNICATIONS CORPORTION dba CTC TECHNOLOGY & ENERGY By:___________________________ Name:_________________________ Title:________________________ DocuSign Envelope ID: EF5C2785-B14F-4403-81EA-C66B66A0A9F3 President Joanne Hovis 3 EXHIBIT “A-1” SUPPLEMENTAL SCOPE OF SERVICES Background: The City desires to engage Consultant to assist staff with preparing a response to the City Council’s September 28, 2015 Motion, including the following work that was not covered in by Exhibit “A”: 1. Evaluate expanding wireless access in retail areas, with an option for expanding Wi-Fi coverage at City facilities and public areas as part of the RFP (Scenario 1). 2. Issue a Request for Proposal (RFP) and provide technical analysis of responses to add dedicated wireless communications to increase communication for Public Safety and Utilities departments (Scenarios 3 and 4). Tasks for Evaluating Expansion of City Wi-Fi in City Sites and Retail Areas: 1. Based on the maps of the existing fiber optic backbone network, Consultant will work with staff to identify splice points in the network (including the amount of dark fiber strands available at these points) to support backhaul for wireless access points. This information will be used to analyze the capacity of the existing network to support fiber backhaul for priority City sites 1 and 2, and eventually priority site 3 listed in the Wireless Network Plan, in addition to Wi-Fi service in retail areas such as California Avenue and University Avenue. 2. Dependent on the analysis of the fiber maps, splice points and available dark fiber strands at these splice points, review existing infrastructure (e.g. streetlight poles and traffic signal poles) to support the installation of wireless access point, and identify targeted coverage areas and opportunities for a common build. Deliverables: 1. Based on this analysis and identification of fiber-connected wireless access points, Consultant will provide a cost estimate for the interconnection of each access point to a central control and distribution center. 2. Consultant to develop an engineering design and cost estimate for the installation of equipment required to expand the City’s existing Wi-Fi Network (i.e. priority sites noted above), in addition to deploying Wi-Fi access in retail areas to be identified by staff. Tasks for Issuing a Request for Proposal (RFP) to add dedicated wireless communications to increase communication for Public Safety and Utilities departments (Scenarios 3 and 4): 1. Consultant has provided staff with a RFP template to construct a Critical Infrastructure Wireless Network (CIWN) that will enable secure wireless data transfer in the FCC- licensed 4.9 GHz Public safety wireless band. The RFP template defines the full range of equipment and services to be procured to support the CIWN deployment, including network hardware components, system integration support for the network implementation, staff training, testing, maintenance, and documentation. The RFP will be customized for Scenario 3 (Deploy a Point-to-Multipoint Network for Secure City DocuSign Envelope ID: EF5C2785-B14F-4403-81EA-C66B66A0A9F3 4 Enterprise Access) and Scenario 4 (Deploy a Citywide Mobile Data Network for Public Safety). a. In Scenario 3, the City would deploy a citywide high-reliability, dedicated, critical infrastructure broadband wireless network to support Public Safety and Utilities’ needs. City Hall would serve as the core site for a point-to-multipoint deployment. Consultant will confirm information gathered during the April-May 2015 user assessment conducted with Public Safety and Utilities for Scenario 3, including site locations, number of users, minimum throughput and coverage area; Consultant to prepare an engineering design for the contemplated RFP; Consultant to work with staff to confirm the estimated capital costs stated in the Wireless Network Plan to construct the infrastructure for this deployment and the estimated annual operating costs. b. In Scenario 4, the City would create hot spots for Public Safety mobile data network access to augment existing wireless operations at key facilities (e.g. schools, stadiums, business/commercial zones). The hot spots would provide radial coverage to first responders and other authorized users. The City would equip its public safety vehicles with exterior mounted antennas and mobile routers capable of acting as access points. Consultant to evaluate locating access points at Utilities’ nine electric substations and other fiber-connected City facilities to provide coverage to a significant portion of the City. Consultant to work with Public Safety staff to confirm the estimated capital costs stated in the Wireless Network Plan to construct the infrastructure for this deployment and the estimated annual operating costs. Deliverables: 1. Upon completion of (a) and (b), Consultant to finalize the RFP(s) and work with staff to identify potential respondents prior to issuance. Staff will determine with Consultant if one comprehensive RFP will be issued for Scenarios 3 and 4, or separate RFPs for each scenario. 2. Consultant to work with staff to evaluate the RFP responses for Scenarios 3 and 4 and present findings and recommendations for City Council review and approval. DocuSign Envelope ID: EF5C2785-B14F-4403-81EA-C66B66A0A9F3 5 EXHIBIT “B-1” SUPPLEMENTAL SCHEDULE OF PERFORMANCE CONSULTANT shall perform the Services so as to complete each milestone within the number of days/weeks specified below. The time to complete each milestone may be increased or decreased by mutual written agreement of the project managers for CONSULTANT and CITY so long as all work is completed within the term of the Agreement. CONSULTANT shall provide a detailed schedule of work consistent with the schedule below within 2 weeks of receipt of the notice to proceed. Milestones 1 Completion No. of Days/Weeks From NTP Evaluate Wi-Fi Expansion at City Facilities/Parks 30 days & Retail Areas RFP(s): 60 days • Scenario 3 – Point to Multipoint Network • Scenario 4 – Mobile Data Network RFP(s) Evaluation 120 days 1 References to Deliverables correspond to the Deliverables in Exhibit “A” attached to this Agreement. DocuSign Envelope ID: EF5C2785-B14F-4403-81EA-C66B66A0A9F3 6 EXHIBIT “C-2” SUPPLMENTAL COMPENSATION The CITY agrees to compensate the CONSULTANT for professional services performed in accordance with the terms and conditions of this Agreement, and as set forth in the budget schedule below. Compensation shall be calculated based on the hourly rate schedule attached as Exhibit C-1 up to the not to exceed budget amount for each task set forth below. The compensation to be paid to CONSULTANT under this Agreement for all services described in Exhibit “A-1” (the “Supplemental Services”) and 10 percent contingency shall not exceed $94,490. CONSULTANT agrees to complete all Supplemental Services, including reimbursable expenses, within this amount. Additional Services are not authorized under this Agreement. Any work performed or expenses incurred for which payment would result in a total exceeding the maximum amount of compensation set forth herein shall be at no cost to the CITY. CONSULTANT shall perform the tasks and categories of work as outlined and budgeted below. The CITY’s Project Manager may approve in writing the transfer of budget amounts between any of the tasks or categories listed below provided the total compensation for Supplemental Services, including reimbursable expenses, does not exceed $94,490. Additional Services are not authorized under this Agreement. BUDGETSCHEDULE 2 NOT TO EXCEED AMOUNT Evaluate Wi-Fi Expansion at City Facilities/Parks & Evaluate Retail Areas $15,000 RFP(s): • Scenario 3 – Point to Multipoint Network $25,000 • Scenario 4 – Mobile Data Network $27,900 RFP(s) Technical Analysis and Recommendation $18,000 Sub-total Supplemental Services $85,900 Reimbursable Expenses $0 Total Supplemental Services and Reimbursable Expenses $85,900 10 Percent Contingency for the provision of related additional, but unforeseen consulting service3 $8,590 Total Supplemental Services, Reimbursable Expenses & Contingency $94,490 Additional Services (Not to Exceed) $0 2 References to deliverables correspond to the deliverable set forth in Exhibit “A” attached to this Agreement. 3Calculated as 10% of Total Supplemental Services and Reimbursable Expenses. DocuSign Envelope ID: EF5C2785-B14F-4403-81EA-C66B66A0A9F3 1 AMENDMENT ONE TO CONTRACT NO. C15152569 BETWEEN THE CITY OF PALO ALTO AND COLUMBIA TELECOMMUNICATIONS CORPORATION DBA CTC TECHNOLOGY & ENERGY This Amendment One (“First Amendment”) to Contract No. C15152569 (“Agreement”) is entered into ___________, 2015 (“Amendment Effective Date”), by and between the CITY OF PALO ALTO, a California chartered municipal corporation (“CITY”), and COLUMBIA TELECOMMUNICATIONS CORPORATION, dba CTC Technology & Energy, a Maryland corporation, located at 10613 Concord Street, Kensington, MD (“CONSULTANT”) (collectively, the “Parties”). RECITALS A. The Agreement dated effective December 1, 2014, was entered into between the Parties for Consultant to develop a Fiber-to-the-Premises Master Plan (“Project”) for the City. B. The Parties now desire to expand the scope of work, extend the term of the Agreement from its current expiration date of May 30, 2015 to June 30, 2016 and to increase the current “Not to Exceed Amount” from $144,944 to $198,444, with a contingency (10% of the increased amount) for the provision of related additional, but unforeseen consulting services for a total Not-to-Exceed Amount of $203,794, to allow for Consultant to work with staff to: (1) research and provide advice regarding “Dig Once” strategies; (2) develop a Request for Information and provide technical analysis of the responses for exploring both municipal-owned fiber-to-the-premises (FTTP) models and contractors for build and ongoing operations, and a Public-Private model with City-owned fiber and private partner operating and owning electronics, considering both Google Fiber in the market and not. C. To accomplish these purposes, the Parties wish to amend the Agreement. NOW, THEREFORE, in consideration of the covenants, terms, conditions, and provisions of this First Amendment, the Parties agree: SECTION 1. Section 2. TERM is hereby amended to read as follows: “SECTION 2. TERM. The term of this Agreement shall be from December 1, 2014 through June 30, 2016, unless terminated earlier pursuant to Section 19 of this Agreement.” SECTION 2. Section 4. NOT TO EXCEED COMPENSATION is hereby amended to read as follows: “SECTION 4. NOT TO EXCEED COMPENSATION. The compensation to be paid to CONSULTANT for performance of the Services described in Exhibit “A-1”, including both payment for professional services and reimbursable expenses, shall not exceed Two Hundred and Three Thousand and Seven Hundred and Ninety-Four Dollars ($203,794), which includes a contingency amount of Five Thousand, Three Hundred and Fifty Dollars ($5,350) as described in Exhibit DocuSign Envelope ID: EF5C2785-B14F-4403-81EA-C66B66A0A9F3 2 “C-2” for the provision of related additional, but unforeseen consulting services. The applicable rates and schedule of payment are set out in Exhibit “C-1”, entitled “COMPENSATION,” which is attached to and made a part of this Agreement. Additional Services, if any, shall be authorized in accordance with and subject to the provisions of Exhibit “C-1”. CONSULTANT shall not receive any compensation for Additional Services performed without the prior written authorization of CITY. Additional Services shall mean any work that is determined by CITY to be necessary for the proper completion of the Project, but which is not included within the Scope of Services described in Exhibit “A-1”. SECTION 3. The following exhibit(s) are hereby added to the Agreement as set forth in the attachment(s) to this First Amendment, which are incorporated in full by this reference: a. Exhibit “A-1” entitled “SUPPLEMENTAL SCOPE OF SERVICES”. b. Exhibit “B-1” entitled “SUPPLEMENTAL SCHEDULE OF PERFORMANCE” c. Exhibit “C-2” entitled “SUPPLEMENTAL COMPENSATION” SECTION 4. Except as herein modified, all other provisions of the Agreement, including any exhibits and subsequent amendments thereto, shall remain in full force and effect. IN WITNESS WHEREOF, the Parties have by their duly authorized representatives executed this First Amendment on the Amendment Effective Date. CITY OF PALO ALTO ____________________________ City Manager APPROVED AS TO FORM: _____________________________ Senior Deputy City Attorney COLUMBIA TELECOMMUNICATIONS CORPORTION dba CTC TECHNOLOGY & ENERGY By:___________________________ Name:_________________________ Title:________________________ DocuSign Envelope ID: EF5C2785-B14F-4403-81EA-C66B66A0A9F3 Joanne Hovis President 3 EXHIBIT “A-1” SUPPLEMENTAL SCOPE OF SERVICES Background The City desires to engage Consultant to assist staff with preparing a response to the City Council’s September 28, 2015 Motion, including the following work that was not covered in by Exhibit “A”: : 1. Assist with research and development of a “Dig Once” strategy, as requested by City. Many localities have adopted some form of “dig once” policy that opens streets and rights-of-way to utility construction when related projects are underway. 2. Move forward with an Request for Information (RFI) exploring both municipal-owned models and contractors for build and ongoing operations, and Public-Private model with City owned fiber and private partner (such as Sonic.net) operating and owning electronics, considering both Google in the market and not. Task for “Dig Once” Ordinance: Consultant will work with City (including City Attorney’s Office), as requested by City, to assist with research and analysis of “dig once” ordinances and approaches in other communities and to evaluate existing City policies, practices and municipal codes that are already in place assure coordination among City departments and external parties (e.g. Google Fiber, AT&T and Comcast) for installing communication conduit for future use when any underground utility work occurs. Deliverable for “Dig Once” Ordinance: 1. As requested by City, written materials and/or oral reports concerning City policies, practices and municipal codes and Dig Once approaches in other communities. Tasks for Request for Information: The RFI will be completed under the current contract scope of services(Exhibit “A”). Consistent with the Supplemental Schedule of Performance set forth in Exhibit “B-1”, a draft of the RFI will be completed by mid-December 2015 in the current Agreement; however, due to the importance and time sensitivity of the RFI response, Consultant to provide technical analysis and recommendations of the RFI responses. Deliverables for Request for Information: 1. Consultant to prepare a preliminary technical analysis of all of the RFI responses. After this preliminary analysis is completed, prepare a high level summary of all responses. This analysis will include conducting follow up teleconferences with up to three of the respondents if additional information is necessary to complete the analysis. Once the analysis and summary are completed, conduct a WebEx with staff to review the summary and findings and recommendations. 2. Consultant will work with City to conduct a detailed analysis of the preferred RFI responses. This analysis will include detailed discussions and information requests from the respondents. Consultant will prepare a report with findings and recommendation regarding the feasibility of the response and the vendor’s ability to offer a viable proposal to deploy a citywide fiber-to-the-premises network solution in the City. DocuSign Envelope ID: EF5C2785-B14F-4403-81EA-C66B66A0A9F3 4 EXHIBIT “B-1” SUPPLEMENTAL SCHEDULE OF PERFORMANCE CONSULTANT shall perform the Services so as to complete each milestone within the number of days/weeks specified below. The time to complete each milestone may be increased or decreased by mutual written agreement of the project managers for CONSULTANT and CITY so long as all work is completed within the term of the Agreement. CONSULTANT shall provide a detailed schedule of work consistent with the schedule below within 2 weeks of receipt of the notice to proceed. Milestones 1 Completion No. of Days/Weeks From NTP 1. Dig Once Strategy 120 days 2. Request for Information Deliverables • Prepare RFI Draft 30 days • Initial Technical Analysis of Responses 90 days 3. Report with an in-depth analysis of the responses that Consultant and staff deem to be the most responsive 120 days to the RFI 1 References to tasks correspond to the Deliverables in Exhibit “A-1” attached to this Agreement. DocuSign Envelope ID: EF5C2785-B14F-4403-81EA-C66B66A0A9F3 5 EXHIBIT “C-2” SUPPLEMENTAL COMPENSATION The CITY agrees to compensate the CONSULTANT for professional services performed in accordance with the terms and conditions of this Agreement, and as set forth in the budget schedule below. Compensation shall be calculated based on the hourly rate schedule attached as Exhibit C-1 up to the not to exceed budget amount for each task set forth below. The compensation to be paid to CONSULTANT under this Agreement for all services described in Exhibit “A-1” (the “Supplemental Services”) and 10 percent contingency shall not exceed $58,850. CONSULTANT agrees to complete all Supplemental Services, including reimbursable expenses, within this amount. Additional Services are not authorized under this Agreement. Any work performed or expenses incurred for which payment would result in a total exceeding the maximum amount of compensation set forth herein shall be at no cost to the CITY. CONSULTANT shall perform the tasks and categories of work as outlined and budgeted below. The CITY’s Project Manager may approve in writing the transfer of budget amounts between any of the tasks or categories listed below provided the total compensation for Basic Services, including reimbursable expenses and 10 percent contingency, does not exceed $58,850. Additional Services are not authorized under this Agreement. BUDGET SCHEDULE 2 NOT TO EXCEED AMOUNT Deliverable 1 (Dig Once Strategy)3 $10,000 Deliverable 2 (Initial RFI Response Analysis) $13,500 Deliverable 3 (Report with technical analysis and recommendation of preferred RFI responses) $30,000 Sub-total Supplemental Services $53,500 Reimbursable Expenses $0 Total Supplemental Services and Reimbursable Expenses $53,500 10 Percent Contingency for the provision of related additional, but unforeseen consulting services 4 Total Supplemental Services, Reimbursable Expenses & Contingency $58,850 Additional Services (Not to Exceed) $0 2 References to deliverables correspond to the deliverable set forth in Exhibit “A-1” attached to this Agreement. 3 Not-to-Exceed Amount is not a lump sum payment, and total amount is not guaranteed. Consultant agrees to bill City for work related to Dig-Once strategy only for such work requested by City, based on hourly rates set forth in Exhibit C-1 up to the Not-to-Exceed Amount identified herein. 4 Calculated as 10% of Total Supplemental Services and Reimbursable Expenses DocuSign Envelope ID: EF5C2785-B14F-4403-81EA-C66B66A0A9F3 1 Revised November 16, 2015 XXXX/so Ordinance No. XXXX ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO AMENDING THE BUDGET FOR FISCAL YEAR 2016 IN THE FIBER OPTIC FUND TO PROVIDE AN APPROPRIATION OF $172,850 TO THE FIBER OPTICS FUND BUDGET TO FUND A TEMPORARY PROJECT MANAGER CONSULTANT FOR FIBER-TO-THE-PREMISES AND WIRELESS INITIATIVES AND THE AMENDMENT OF A CONSULTANT CONTRACT WITH CTC TECHNOLOGY & ENERGY FOR THE FIBER-TO-THE-PREMISES MASTER PLAN, OFFSET BY A REDUCTION TO THE FIBER OPTIC FUND RATE STABILIZATION RESERVE. The Council of the City of Palo Alto does ORDAIN as follows: SECTION 1. The Council of the City of Palo Alto finds and determines as follows: A. Pursuant to the provisions of Section 12 of Article III of the Charter of the City of Palo Alto, the Council on June 15, 2015 did adopt a budget for Fiscal Year 2016; and B. Palo Alto and four neighboring cities (Mountain View, San Jose, Santa Clara and Sunnyvale) are under consideration as expansion cities for Google Fiber, with a potential deployment start in early 2016. Google has indicated that the City will only remain in contention for Google Fiber expansion if various agreements and environmental reviews are resolved by the end of the year; and C. Palo Alto is in negotiations with AT&T regarding implementation of AT&T GigaPower internet service upgrades; and D. On September 28, 2015, the City Council reviewed two reports prepared by CTC Technology & Energy (CTC) for the Fiber-to-the-Premises Master Plan (FTTP Master Plan) and the Wireless Network Plan; and E. Council approved a motion directing staff to proceed immediately with two formal solicitations for a Request For Information (RFI) for a municipally-owned and/or public- private partnership FTTP network, and a Request For Proposals (RFP) for wireless communications for Public Safety and Utilities, and potentially the expansion of wireless access in retail areas; perform cost model analyses; develop a “Dig Once” ordinance; and discuss a “co-build” with AT&T and Google, based on the City laying its own conduit to the premise during the respective buildouts; and F. In response to Council’s motion, staff has developed a wireless initiatives work plan to accommodate Google Fiber’s proposed FTTP deployment, parallel review of Google and AT&T’s plans, possibility of infrastructure “co-build,” and develop a “Dig Once ordinance”; and E. Staff recommends adding additional resources to supplement staff currently working on wireless initiatives to meet targeted timelines in Fiscal Year 2016; and 2 Revised November 16, 2015 XXXX/so F. One Hundred Seventy Two Thousand Eight Hundred Fifty Dollars ($172,850) is needed to fund these wireless initiatives for the remainder of Fiscal Year 2016, of which $114,000 will fund a temporary Senior Project Manager consultant dedicated to Fiber-to- the-Premises and wireless initiatives, and $58,850 for a contract amendment with CTC to provide analysis and recommendation of the Request For Information responses for the municipal-owned and public-private partnership FTTP network and consultation on a “dig once” policy; and SECTION 2. The sum of One Hundred Seventy Two Thousand Eight Hundred Fifty Dollars ($172,850) is hereby appropriated to the Fiber Optic Fund operating budget to fund the temporary Senior Project Manager consultant and the amendment to the CTC contract. This increase is offset by a reduction to the Fiber Optics Fund Rate Stabilization Reserve. SECTION 3. As provided in Section 2.04.330 of the Palo Alto Municipal Code, this ordinance shall become effective upon adoption. SECTION 4. The Council of the City of Palo Alto hereby finds that this is not a project under the California Environmental Quality Act and, therefore, no environmental impact assessment is necessary. INTRODUCED AND PASSED: Enter Date Here AYES: NOES: ABSENT: ABSTENTIONS: NOT PARTICIPATING: ATTEST: ____________________________ ____________________________ City Clerk Mayor APPROVED AS TO FORM: APPROVED: ____________________________ ____________________________ Senior Assistant City Attorney City Manager ____________________________ Director of Administrative Services 3 Revised November 16, 2015 XXXX/so ____________________________ Utilities Director City of Palo Alto Scenario 2 Option A - Blanket Wi-Fi 802.11 g/n November 4, 2015 The projections used in this analysis were prepared to assist in the assessment of the financial feasibility of establishing a enterprise to offer connectivity services in the identified service area. Where appropriate, the analysis includes projected operating revenues, expenses, and cash flows for the life of the system based on estimated construction costs and various market penetration rates. This analysis should not be used for any other purpose. There will be differences between the projected and actual results, because events and circumstances frequently do not occur as expected, and those differences may be material. CTC has no responsibility to update or certify this projection for events and circumstances occurring after the date of this projection. Wireless Financial Analysis - Scenario 2 Option A Financial Projections Rev 2 Palo Alto, CA City of Palo Alto Scenario 2 Option A - Blanket Wi-Fi 802.11 g/n Financial Projections Rev 2 November 4, 2015 Income Statement Year 12345678910 a. Revenues Wireless Connection 492,000$ 612,000$ 612,000$ 612,000$ 612,000$ 612,000$ 612,000$ 612,000 612,000 612,000 Wireless Equipment and Connection Fees (non-recurring) - - - - - - - - - - Total 492,000$ 612,000$ 612,000$ 612,000$ 612,000$ 612,000$ 612,000$ 612,000$ 612,000$ 612,000$ b. Operating Expenses - Cash (not including taxes in line h) Operating Expenses 171,510$ 383,160$ 395,730$ 395,730$ 395,730$ 395,730$ 395,730$ 395,730$ 395,730$ 395,730$ Operating Expenses - Misc. 256,700 185,200 160,200 160,200 160,200 160,200 160,200 142,200 142,200 142,200 Support Allocations 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 Total 478,210$ 618,360$ 605,930$ 605,930$ 605,930$ 605,930$ 605,930$ 587,930$ 587,930$ 587,930$ c. Revenues less Cash Operating Expenses (a-b)13,790$ (6,360)$ 6,070$ 6,070$ 6,070$ 6,070$ 6,070$ 24,070$ 24,070$ 24,070$ d. Operating Expenses - Non-Cash Depreciation 614,500$ 614,500$ 614,500$ 614,500$ 614,500$ 614,500$ 614,500$ 614,500$ 614,500$ 614,500$ e. Operating Income (d-c)(600,710)$ (620,860)$ (608,430)$ (608,430)$ (608,430)$ (608,430)$ (608,430)$ (590,430)$ (590,430)$ (590,430)$ f. Non-Operating Income Interest Income -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Investment Income - - - - - - - - - - Interest Expense (Short-Term) - - - - - - - - - - Interest Expense (Long-Term)) - - - - - - - - - - Interest Expense (Internal) - - - - - - - - - - Total -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ g. Net Income (600,710)$ (620,860)$ (608,430)$ (608,430)$ (608,430)$ (608,430)$ (608,430)$ (590,430)$ (590,430)$ (590,430)$ h. Taxes -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ i. Net Income After Fees & In Lieu Taxes (600,710)$ (620,860)$ (608,430)$ (608,430)$ (608,430)$ (608,430)$ (608,430)$ (590,430)$ (590,430)$ (590,430)$ CTC Technology & Energy 2 City of Palo Alto Scenario 2 Option A - Blanket Wi-Fi 802.11 g/n Financial Projections Rev 2 November 4, 2015 Income Statement Year a. Revenues Wireless Connection Wireless Equipment and Connection Fees (non-recurring) Total b. Operating Expenses - Cash (not including taxes in line h Operating Expenses Operating Expenses - Misc. Support Allocations Total c. Revenues less Cash Operating Expenses (a-b) d. Operating Expenses - Non-Cash Depreciation e. Operating Income (d-c) f. Non-Operating Income Interest Income Investment Income Interest Expense (Short-Term) Interest Expense (Long-Term)) Interest Expense (Internal) Total g. Net Income h. Taxes i. Net Income After Fees & In Lieu Taxes 11 12 13 14 15 16 17 18 19 20 612,000 612,000 612,000 612,000 612,000 612,000 612,000 612,000 612,000 612,000 - - - - - - - - - - 612,002$ 612,000$ 612,000$ 612,000$ 612,000$ 612,000$ 612,000$ 612,000$ 612,000$ 612,000$ 395,730$ 395,730$ 395,730$ 395,730$ 395,730$ 395,730$ 395,730$ 395,730$ 395,730$ 395,730$ 142,200 142,200 142,200 142,200 142,200 142,200 142,200 142,200 142,200 142,200 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 587,930$ 587,930$ 587,930$ 587,930$ 587,930$ 587,930$ 587,930$ 587,930$ 587,930$ 587,930$ 24,072$ 24,070$ 24,070$ 24,070$ 24,070$ 24,070$ 24,070$ 24,070$ 24,070$ 24,070$ 614,500$ 614,500$ 614,500$ 614,500$ 614,500$ 614,500$ 614,500$ 614,500$ 614,500$ 614,500$ (590,428)$ (590,430)$ (590,430)$ (590,430)$ (590,430)$ (590,430)$ (590,430)$ (590,430)$ (590,430)$ (590,430)$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ (590,428)$ (590,430)$ (590,430)$ (590,430)$ (590,430)$ (590,430)$ (590,430)$ (590,430)$ (590,430)$ (590,430)$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ (590,428)$ (590,430)$ (590,430)$ (590,430)$ (590,430)$ (590,430)$ (590,430)$ (590,430)$ (590,430)$ (590,430)$ CTC Technology & Energy 3 City of Palo Alto Scenario 2 Option A - Blanket Wi-Fi 802.11 g/n Financial Projections Rev 2 November 4, 2015 Cash Flow Statement Year 1234567891011 a. Net Income (From Income Statement)(600,710)$ (620,860)$ (608,430)$ (608,430)$ (608,430)$ (608,430)$ (608,430)$ (590,430)$ (590,430)$ (590,430)$ (590,428)$ b. Cash Outflows Debt Service Reserve -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Interest Reserve - - - - - - - - - - - Depreciation Operating Reserve - - - - - - - - - - - Financing - - - - - - - - - - - Capital Expenditures (4,686,660)$ -$ -$ -$ -$ -$ -$ (4,184,160)$ -$ -$ -$ Total (4,686,660)$ -$ -$ -$ -$ -$ -$ (4,184,160)$ -$ -$ -$ c. Cash Inflows Interest Reserve -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Depreciation Operating Reserve - - - - - - - - - - - Debt Service Reserve - - - - - - - - - - - Short Term Financing - - - - - - - - - - - Long Term Financing (Bond) - - - - - - - - - - - Cash Start - - - - - - - - - - - Internal Loan - - - - - - - - - - - Internal Funding (non‐loan)4,686,660 - - - - - - 4,184,160 - - - Total 4,686,660$ -$ -$ -$ -$ -$ -$ 4,184,160$ -$ -$ -$ d. Total Cash Outflows and Inflows (b+c)-$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ e. Non-Cash Expenses - Depreciation 614,500$ 614,500$ 614,500$ 614,500$ 614,500$ 614,500$ 614,500$ 614,500$ 614,500$ 614,500$ 614,500$ f. Adjustments (Proceeds from) Short Term Financing -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Long Term Financing (Bond) - - - - - - - - - - - Internal Loan - - - - - - - - - - - Internal Funding (non-loan) (4,686,660) - - - - - - (4,184,160) - - - Total (4,686,660)$ -$ -$ -$ -$ -$ -$ (4,184,160)$ -$ -$ -$ g. Adjusted Available Net Revenue (4,672,870)$ (6,360)$ 6,070$ 6,070$ 6,070$ 6,070$ 6,070$ (4,160,090)$ 24,070$ 24,070$ 24,072$ h. Principal Payments on Debt Short Term Bond/Loan Principal -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Long Term Bond Principal - - - - - - - - - - - Internal Loan Principal - - - - - - - - - - - Total -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ i. Net Cash 13,790$ (6,360)$ 6,070$ 6,070$ 6,070$ 6,070$ 6,070$ 24,070$ 24,070$ 24,070$ 24,072$ Avoided Costs (see j and k below) - - - - - - - - - - - Adjusted Net Cash 13,790$ (6,360)$ 6,070$ 6,070$ 6,070$ 6,070$ 6,070$ 24,070$ 24,070$ 24,070$ 24,072$ Cash Balance (Enterprise) Unrestricted Cash Balance 13,790$ 7,430$ 13,500$ 19,570$ 25,640$ 31,710$ 37,780$ 61,850$ 85,920$ 109,990$ 134,062$ Depreciation Operating Reserve - - - - - - - - - - - Debt Service Reserve - - - - - - - - - - - Total Cash Balance 13,790$ 7,430$ 13,500$ 19,570$ 25,640$ 31,710$ 37,780$ 61,850$ 85,920$ 109,990$ 134,062$ CTC Technology & Energy 4 City of Palo Alto Scenario 2 Option A - Blanket Wi-Fi 802.11 g/n Financial Projections Rev 2 November 4, 2015 Cash Flow Statement Year a. Net Income (From Income Statement) b. Cash Outflows Debt Service Reserve Interest Reserve Depreciation Operating Reserve Financing Capital Expenditures Total c. Cash Inflows Interest Reserve Depreciation Operating Reserve Debt Service Reserve Short Term Financing Long Term Financing (Bond) Cash Start Internal Loan Internal Funding (non‐loan) Total d. Total Cash Outflows and Inflows (b+c) e. Non-Cash Expenses - Depreciation f. Adjustments (Proceeds from) Short Term Financing Long Term Financing (Bond) Internal Loan Internal Funding (non-loan) Total g. Adjusted Available Net Revenue h. Principal Payments on Debt Short Term Bond/Loan Principal Long Term Bond Principal Internal Loan Principal Total i. Net Cash Avoided Costs (see j and k below) Adjusted Net Cash Cash Balance (Enterprise) Unrestricted Cash Balance Depreciation Operating Reserve Debt Service Reserve Total Cash Balance 12 13 14 15 16 17 18 19 20 (590,430)$ (590,430)$ (590,430)$ (590,430)$ (590,430)$ (590,430)$ (590,430)$ (590,430)$ (590,430)$ -$ -$ -$ -$ -$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - - - - - - - -$ -$ -$ (4,184,160)$ -$ -$ -$ -$ -$ -$ -$ -$ (4,184,160)$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 4,184,160 - - - - - -$ -$ -$ 4,184,160$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ 614,500$ 614,500$ 614,500$ 614,500$ 614,500$ 614,500$ 614,500$ 614,500$ 614,500$ -$ -$ -$ -$ -$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - (4,184,160) - - - - - -$ -$ -$ (4,184,160)$ -$ -$ -$ -$ -$ 24,070$ 24,070$ 24,070$ (4,160,090)$ 24,070$ 24,070$ 24,070$ 24,070$ 24,070$ -$ -$ -$ -$ -$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - -$ -$ -$ -$ -$ -$ -$ -$ -$ 24,070$ 24,070$ 24,070$ 24,070$ 24,070$ 24,070$ 24,070$ 24,070$ 24,070$ - - - - - - - - - 24,070$ 24,070$ 24,070$ 24,070$ 24,070$ 24,070$ 24,070$ 24,070$ 24,070$ 158,132$ 182,202$ 206,272$ 230,342$ 254,412$ 278,482$ 302,552$ 326,622$ 350,692$ - - - - - - - - - - - - - - - - - - 158,132$ 182,202$ 206,272$ 230,342$ 254,412$ 278,482$ 302,552$ 326,622$ 350,692$ CTC Technology & Energy 5 City of Palo Alto Scenario 2 Option A - Blanket Wi-Fi 802.11 g/n November 4, 2015 Capital Additions Year 12345678910 a. Fiber Implementation Costs Fiber (30 year depreciation) 502,500$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Expansion Fiber (30 year depreciation) - - - - - - - - - - Headend and Hub Equipment (10 year depreciation) - - - - - - - - - - Headend and Hub Equipment (7 year depreciation) - - - - - - - - - - Network Equipment (6 year depreciation) - - - - - - - - - - CAI Customer Equipment (6 year depreciation) - - - - - - - - - - Total 502,500$ -$ -$ -$ -$ -$ -$ -$ -$ -$ e. Wireless Network Costs (7 year depreciation) Microwave (10 year) -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Structures (20 year) - - - - - - - - - - Access (10 year) - - - - - - - - - - Network Equipment (7 year) 3,045,500 - - - - - - 3,045,500 - - Spare Equipment (7 year) 25,000 - - - - - - 25,000 - - Installation & Engineering (7 year) 1,113,660 - - - - - - 1,113,660 - - Total 4,184,160$ -$ -$ -$ -$ -$ -$ 4,184,160$ -$ -$ f. Wireless Customer Connection Cost (5 year depreciation) CPE -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Total -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Total Capital 4,686,660$ -$ -$ -$ -$ -$ -$ 4,184,160$ -$ -$ Total Accrued Capital 4,686,660$ 4,686,660$ 4,686,660$ 4,686,660$ 4,686,660$ 4,686,660$ 4,686,660$ 8,870,820$ 8,870,820$ 8,870,820$ Total Funded by Depreciation Account ‐$                          ‐$                          ‐$                          ‐$                          ‐$                          ‐$                          ‐$                          ‐$                          ‐$                          ‐$                         Financial Projections Rev 2 CTC Technology & Energy 6 City of Palo Alto Scenario 2 Option A - Blanket Wi-Fi 802.11 g/n November 4, 2015 Capital Additions Year 1 a. Fiber Implementation Costs Fiber (30 year depreciation) 502,500$ Expansion Fiber (30 year depreciation) - Headend and Hub Equipment (10 year depreciation) - Headend and Hub Equipment (7 year depreciation) - Network Equipment (6 year depreciation) - CAI Customer Equipment (6 year depreciation) - Total 502,500$ e. Wireless Network Costs (7 year depreciation) Microwave (10 year) -$ Structures (20 year) - Access (10 year) - Network Equipment (7 year) 3,045,500 Spare Equipment (7 year) 25,000 Installation & Engineering (7 year) 1,113,660 Total 4,184,160$ f. Wireless Customer Connection Cost (5 year depreciation) CPE -$ Total -$ Total Capital 4,686,660$ Total Accrued Capital 4,686,660$ Total Funded by Depreciation Account ‐$                          Financial Projections Rev 2 11 12 13 14 15 16 17 18 19 20 -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - - - - 3,045,500 - - - - - - - - - 25,000 - - - - - - - - - 1,113,660 - - - - - -$ -$ -$ -$ 4,184,160$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ 4,184,160$ -$ -$ -$ -$ -$ 8,870,820$ 8,870,820$ 8,870,820$ 8,870,820$ 13,054,980$ 13,054,980$ 13,054,980$ 13,054,980$ 13,054,980$ 13,054,980$ ‐$                         ‐$                         ‐$                         ‐$                         ‐$                         ‐$                         ‐$                         ‐$                         ‐$                         ‐$                         CTC Technology & Energy 7 City of Palo Alto Senerio 2 Option B - Blanket Wi-Fi 802.11 ac November 4, 2015 The projections used in this analysis were prepared to assist in the assessment of the financial feasibility of establishing a enterprise to offer connectivity services in the identified service area. Where appropriate, the analysis includes projected operating revenues, expenses, and cash flows for the life of the system based on estimated construction costs and various market penetration rates. This analysis should not be used for any other purpose. There will be differences between the projected and actual results, because events and circumstances frequently do not occur as expected, and those differences may be material. CTC has no responsibility to update or certify this projection for events and circumstances occurring after the date of this projection. Wireless Financial Analysis - Scenario 2 Option B Financial Projections Rev 2 Palo Alto, CA City of Palo Alto Senerio 2 Option B - Blanket Wi-Fi 802.11 ac Financial Projections Rev 2 November 4, 2015 Income Statement Year 12345678910 a. Revenues Wireless Connection 444,000$ 444,000$ 444,000$ 444,000$ 444,000$ 444,000$ 444,000$ 444,000 444,000 444,000 Wireless Equipment and Connection Fees (non-recurring) - - - - - - - - - - Total 444,000$ 444,000$ 444,000$ 444,000$ 444,000$ 444,000$ 444,000$ 444,000$ 444,000$ 444,000$ b. Operating Expenses - Cash (not including taxes in line h) Operating Expenses 170,440$ 225,990$ 233,180$ 233,180$ 233,180$ 233,180$ 233,180$ 233,180$ 233,180$ 233,180$ Operating Expenses - Misc. 242,700 150,200 150,200 150,200 150,200 150,200 150,200 150,200 150,200 150,200 Support Allocations 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 Total 463,140$ 426,190$ 433,380$ 433,380$ 433,380$ 433,380$ 433,380$ 433,380$ 433,380$ 433,380$ c. Revenues less Cash Operating Expenses (a-b)(19,140)$ 17,810$ 10,620$ 10,620$ 10,620$ 10,620$ 10,620$ 10,620$ 10,620$ 10,620$ d. Operating Expenses - Non-Cash Depreciation 443,400$ 443,400$ 443,400$ 443,400$ 443,400$ 443,400$ 443,400$ 443,400$ 443,400$ 443,400$ e. Operating Income (d-c)(462,540)$ (425,590)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ f. Non-Operating Income Interest Income -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Investment Income - - - - - - - - - - Interest Expense (Short-Term) - - - - - - - - - - Interest Expense (Long-Term)) - - - - - - - - - - Interest Expense (Internal) - - - - - - - - - - Total -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ g. Net Income (462,540)$ (425,590)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ h. Taxes -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ i. Net Income After Fees & In Lieu Taxes (462,540)$ (425,590)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ CTC Technology & Energy 2 City of Palo Alto Senerio 2 Option B - Blanket Wi-Fi 802.11 ac Financial Projections Rev 2 November 4, 2015 Income Statement Year a. Revenues Wireless Connection Wireless Equipment and Connection Fees (non-recurring) Total b. Operating Expenses - Cash (not including taxes in line h Operating Expenses Operating Expenses - Misc. Support Allocations Total c. Revenues less Cash Operating Expenses (a-b) d. Operating Expenses - Non-Cash Depreciation e. Operating Income (d-c) f. Non-Operating Income Interest Income Investment Income Interest Expense (Short-Term) Interest Expense (Long-Term)) Interest Expense (Internal) Total g. Net Income h. Taxes i. Net Income After Fees & In Lieu Taxes 11 12 13 14 15 16 17 18 19 20 444,000 444,000 444,000 444,000 444,000 444,000 444,000 444,000 444,000 444,000 - - - - - - - - - - 444,002$ 444,000$ 444,000$ 444,000$ 444,000$ 444,000$ 444,000$ 444,000$ 444,000$ 444,000$ 233,180$ 233,180$ 233,180$ 233,180$ 233,180$ 233,180$ 233,180$ 233,180$ 233,180$ 233,180$ 150,200 150,200 150,200 150,200 150,200 150,200 150,200 150,200 150,200 150,200 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 433,380$ 433,380$ 433,380$ 433,380$ 433,380$ 433,380$ 433,380$ 433,380$ 433,380$ 433,380$ 10,622$ 10,620$ 10,620$ 10,620$ 10,620$ 10,620$ 10,620$ 10,620$ 10,620$ 10,620$ 443,400$ 443,400$ 443,400$ 443,400$ 443,400$ 443,400$ 443,400$ 443,400$ 443,400$ 443,400$ (432,778)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ (432,778)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ (432,778)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ CTC Technology & Energy 3 City of Palo Alto Senerio 2 Option B - Blanket Wi-Fi 802.11 ac Financial Projections Rev 2 November 4, 2015 Cash Flow Statement Year 1234567891011 a. Net Income (From Income Statement)(462,540)$ (425,590)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ b. Cash Outflows Debt Service Reserve -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Interest Reserve - - - - - - - - - - - Depreciation Operating Reserve - - - - - - - - - - - Financing - - - - - - - - - - - Capital Expenditures (3,324,160)$ -$ -$ -$ -$ -$ -$ (3,036,660)$ -$ -$ -$ Total (3,324,160)$ -$ -$ -$ -$ -$ -$ (3,036,660)$ -$ -$ -$ c. Cash Inflows Interest Reserve -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Depreciation Operating Reserve - - - - - - - - - - - Debt Service Reserve - - - - - - - - - - - Short Term Financing - - - - - - - - - - - Long Term Financing (Bond) - - - - - - - - - - - Cash Start - - - - - - - - - - - Internal Loan - - - - - - - - - - - Internal Funding (non‐loan)3,324,160 - - - - - - 3,036,660 - - - Total 3,324,160$ -$ -$ -$ -$ -$ -$ 3,036,660$ -$ -$ -$ d. Total Cash Outflows and Inflows (b+c)-$ -$ -$ -$ -$ -$ -$ -$ -$ -$ e. Non-Cash Expenses - Depreciation 443,400$ 443,400$ 443,400$ 443,400$ 443,400$ 443,400$ 443,400$ 443,400$ 443,400$ 443,400$ 443,400$ f. Adjustments (Proceeds from) Short Term Financing -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Long Term Financing (Bond) - - - - - - - - - - - Internal Loan - - - - - - - - - - - Internal Funding (non-loan) (3,324,160) - - - - - - (3,036,660) - - - Total (3,324,160)$ -$ -$ -$ -$ -$ -$ (3,036,660)$ -$ -$ -$ g. Adjusted Available Net Revenue (3,343,300)$ 17,810$ 10,620$ 10,620$ 10,620$ 10,620$ 10,620$ (3,026,040)$ 10,620$ 10,620$ 10,620$ h. Principal Payments on Debt Short Term Bond/Loan Principal -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Long Term Bond Principal - - - - - - - - - - - Internal Loan Principal - - - - - - - - - - - Total -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ i. Net Cash (19,140)$ 17,810$ 10,620$ 10,620$ 10,620$ 10,620$ 10,620$ 10,620$ 10,620$ 10,620$ 10,620$ Avoided Costs (see j and k below) - - - - - - - - - - - Adjusted Net Cash (19,140)$ 17,810$ 10,620$ 10,620$ 10,620$ 10,620$ 10,620$ 10,620$ 10,620$ 10,620$ 10,620$ Cash Balance (Enterprise) Unrestricted Cash Balance (19,140)$ (1,330)$ 9,290$ 19,910$ 30,530$ 41,150$ 51,770$ 62,390$ 73,010$ 83,630$ 94,250$ Depreciation Operating Reserve - - - - - - - - - - - Debt Service Reserve - - - - - - - - - - - Total Cash Balance (19,140)$ (1,330)$ 9,290$ 19,910$ 30,530$ 41,150$ 51,770$ 62,390$ 73,010$ 83,630$ 94,250$ CTC Technology & Energy 4 City of Palo Alto Senerio 2 Option B - Blanket Wi-Fi 802.11 ac Financial Projections Rev 2 November 4, 2015 Cash Flow Statement Year a. Net Income (From Income Statement) b. Cash Outflows Debt Service Reserve Interest Reserve Depreciation Operating Reserve Financing Capital Expenditures Total c. Cash Inflows Interest Reserve Depreciation Operating Reserve Debt Service Reserve Short Term Financing Long Term Financing (Bond) Cash Start Internal Loan Internal Funding (non‐loan) Total d. Total Cash Outflows and Inflows (b+c) e. Non-Cash Expenses - Depreciation f. Adjustments (Proceeds from) Short Term Financing Long Term Financing (Bond) Internal Loan Internal Funding (non-loan) Total g. Adjusted Available Net Revenue h. Principal Payments on Debt Short Term Bond/Loan Principal Long Term Bond Principal Internal Loan Principal Total i. Net Cash Avoided Costs (see j and k below) Adjusted Net Cash Cash Balance (Enterprise) Unrestricted Cash Balance Depreciation Operating Reserve Debt Service Reserve Total Cash Balance 12 13 14 15 16 17 18 19 20 (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ (432,780)$ -$ -$ -$ -$ -$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - - - - - - - -$ -$ -$ (3,036,660)$ -$ -$ -$ -$ -$ -$ -$ -$ (3,036,660)$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3,036,660 - - - - - -$ -$ -$ 3,036,660$ -$ -$ -$ -$ -$ 443,400$ 443,400$ 443,400$ 443,400$ 443,400$ 443,400$ 443,400$ 443,400$ 443,400$ -$ -$ -$ -$ -$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - (3,036,660) - - - - - -$ -$ -$ (3,036,660)$ -$ -$ -$ -$ -$ 10,620$ 10,620$ 10,620$ (3,026,040)$ 10,620$ 10,620$ 10,620$ 10,620$ 10,620$ -$ -$ -$ -$ -$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - -$ -$ -$ -$ -$ -$ -$ -$ -$ 10,620$ 10,620$ 10,620$ 10,620$ 10,620$ 10,620$ 10,620$ 10,620$ 10,620$ - - - - - - - - - 10,620$ 10,620$ 10,620$ 10,620$ 10,620$ 10,620$ 10,620$ 10,620$ 10,620$ 104,870$ 115,490$ 126,110$ 136,730$ 147,350$ 157,970$ 168,590$ 179,210$ 189,830$ - - - - - - - - - - - - - - - - - - 104,870$ 115,490$ 126,110$ 136,730$ 147,350$ 157,970$ 168,590$ 179,210$ 189,830$ CTC Technology & Energy 5 City of Palo Alto Senerio 2 Option B - Blanket Wi-Fi 802.11 ac November 4, 2015 Capital Additions Year 1 2 345678910 a. Fiber Implementation Costs Fiber (30 year depreciation) 287,500$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Expansion Fiber (30 year depreciation) - - - - - - - - - - Headend and Hub Equipment (10 year depreciation) - - - - - - - - - - Headend and Hub Equipment (7 year depreciation) - - - - - - - - - - Network Equipment (6 year depreciation) - - - - - - - - - - CAI Customer Equipment (6 year depreciation) - - - - - - - - - - Total 287,500$ -$ -$ -$ -$ -$ -$ -$ -$ -$ e. Wireless Network Costs (7 year depreciation) Microwave (10 year) -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Structures (20 year) - - - - - - - - - - Access (10 year) - - - - - - - - - - Network Equipment (7 year) 1,995,500 - - - - - - 1,995,500 - - Spare Equipment (7 year) 25,000 - - - - - - 25,000 - - Installation & Engineering (7 year) 1,016,160 - - - - - - 1,016,160 - - Total 3,036,660$ -$ -$ -$ -$ -$ -$ 3,036,660$ -$ -$ f. Wireless Customer Connection Cost (5 year depreciation) CPE -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Total -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Total Capital 3,324,160$ -$ -$ -$ -$ -$ -$ 3,036,660$ -$ -$ Total Accrued Capital 3,324,160$ 3,324,160$ 3,324,160$ 3,324,160$ 3,324,160$ 3,324,160$ 3,324,160$ 6,360,820$ 6,360,820$ 6,360,820$ Total Funded by Depreciation Account ‐$                          ‐$                         ‐$                         ‐$                         ‐$                         ‐$                         ‐$                          ‐$                         ‐$                         ‐$                         Financial Projections Rev 2 CTC Technology & Energy 6 City of Palo Alto Senerio 2 Option B - Blanket Wi-Fi 802.11 ac November 4, 2015 Capital Additions Year a. Fiber Implementation Costs Fiber (30 year depreciation) Expansion Fiber (30 year depreciation) Headend and Hub Equipment (10 year depreciation) Headend and Hub Equipment (7 year depreciation) Network Equipment (6 year depreciation) CAI Customer Equipment (6 year depreciation) Total e. Wireless Network Costs (7 year depreciation) Microwave (10 year) Structures (20 year) Access (10 year) Network Equipment (7 year) Spare Equipment (7 year) Installation & Engineering (7 year) Total f. Wireless Customer Connection Cost (5 year depreciation) CPE Total Total Capital Total Accrued Capital Total Funded by Depreciation Account Financial Projections Rev 2 11 12 13 14 15 16 17 18 19 20 -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - - - - 1,995,500 - - - - - - - - - 25,000 - - - - - - - - - 1,016,160 - - - - - -$ -$ -$ -$ 3,036,660$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ 3,036,660$ -$ -$ -$ -$ -$ 6,360,820$ 6,360,820$ 6,360,820$ 6,360,820$ 9,397,480$ 9,397,480$ 9,397,480$ 9,397,480$ 9,397,480$ 9,397,480$ ‐$                          ‐$                         ‐$                         ‐$                         ‐$                         ‐$                         ‐$                          ‐$                         ‐$                         ‐$                         CTC Technology & Energy 7 Page 1 of 3 2 MEMORANDUM TO: UTILITIES ADVISORY COMMISSION FROM: UTILTIES DEPARTMENT DATE: JANUARY 13, 2016 SUBJECT: Report on Current Status of the Electric Overhead to Undergrounding Conversion Program The purpose of this report is to provide an update on the status of the Electric Utility’s Overhead to Underground Conversion Program (Program). EXECUTIVE SUMMARY In 2011 and 2012, staff presented reports to the UAC on the status of the Program, alternatives for continuation, and a proposal for formation of a citizen electric underground advisory body. After the Commission and Finance Committee approved the idea of an advisory body it was presented to the City Council on March 8 2013. The motion to “appoint an advisory body to solicit community input on potential changes to the City of Palo Alto Utilities electric overhead to underground conversion policy” failed, 4 (yes) – 5 (no). Staff continues to work on completing the districts that have been agreed to with AT&T (Underground Utility Districts 46 and 47 are in different stages of design/construction; UUD 42 and 43 will begin the process in 3-5 years). Until a decision is made on how/who will pay for the additional cost incurred by the City due to funding restrictions placed on AT&T by CPUC tariffs, staff will meet with AT&T to discuss additional districts that meet their criteria for sharing in the cost of the project. BACKGROUND Historically, approximately 2% of the annual electric revenue has been used for funding an undergrounding project in an underground district, which typically takes three years to complete. The Program was started in 1965 and approximately 47% of the City has been either undergrounded through overhead to underground conversion or was originally developed with underground utilities. Most of the areas of the city that were converted from overhead to underground were considered General Public Interest and Benefit Undergrounding (see Attachment B for definition) projects and focused on highly traveled areas and business districts. Due to this status, AT&T reimbursed the City for the cost of installation of their substructures. Page 2 of 3 DISCUSSION As reported in the January 2010 staff report, most of the remaining undergrounding will be in areas that are 100% residential neighborhoods. The underground tariff under which AT&T operates, California Public Utilities Commission (CPUC) Rule 32 (A)1, does not require AT&T t o pay for telephone substructure work in most residential neighborhoods. The funding restrictions in this tariff mean that any additional costs associated with AT&T work due to undergrounding of electric facilities will have to be funded by the City and its customers. The funding change will increase the undergrounding substructure costs by approximately 20% and the overall construction costs by approximately 10%. In the past, AT&T funded its substructures in a small number of residential areas even tho ugh AT&T was not strictly required to under the tariff. However, AT&T has indicated in discussions with Staff that it will strictly follow the tariff in all future undergrounding projects. It should be noted that the CPUC has not established contributi on rules for cable TV so Comcast, or any other third party attaching facilities is not required to fund its share of the undergrounding. Through agreement between cable TV and AT&T, jointly owned poles by CPA and AT&T, all parties are required to fund its share of the undergrounding costs. Over the years, staff has presented reports to the Commission and Council Members on the various aspects of the program. Table 1 lists the most recent reports and subject of each. Prepared for Meeting Date Subject LINKS City Council March 18, 2013 Community advisory body to study underground program STAFF REPORT https://www.cityofpaloalto.org/civicax/filebank/documents/33496 MINUTES http://www.cityofpaloalto.org/civicax/filebank/documents/34104 Finance Committee December 18, 2012 Community advisory body to study underground program STAFF REPORT http://www.cityofpaloalto.org/civicax/filebank/documents/32374 MINUTES http://www.cityofpaloalto.org/civicax/filebank/documents/32971 Utilities Advisory Commission September 5, 2012 Proposal for community advisory body STAFF REPORT http://www.cityofpaloalto.org/civicax/filebank/documents/30849 MINUTES http://www.cityofpaloalto.org/civicax/filebank/documents/31448 Finance Committee November 15, 2011 Update on status and alternatives for continuing program STAFF REPORT http://www.cityofpaloalto.org/civicax/filebank/documents/32840 MINUTES http://www.cityofpaloalto.org/civicax/filebank/documents/32516 Utilities Advisory Commission September 7, 2011 Update on status and alternatives for continuing program STAFF REPORT http://www.cityofpaloalto.org/civicax/filebank/documents/30141 MINUTES http://www.cityofpaloalto.org/civicax/filebank/documents/30300 Utilities Advisory Commission January 6, 2010 Status of undergrounding program STAFF REPORT http://www.cityofpaloalto.org/civicax/filebank/documents/18231 MINUTES http://www.cityofpaloalto.org/civicax/filebank/documents/18898 Table 1: Utilities staff reports to Council Members and Utilities Advisory Commission Staff is working on completing the districts to which AT&T has agreed for cost sharing purposes. Underground Utility District 46 is in design and Underground Utility District 47 is in construction and should be completed by the end of June 2016. UUD 42 and 43 will begin the design process within the first quarter of 2016; once the design is agreed upon with Comcast and AT&T it will take another 2 to3 years to complete construction. Staff will continue to meet with AT&T to discuss additional districts that meet the criteria for sharing in the cost of the project. RESOURCE IMPACT Funding and staffing needs for the Overhead to Underground Conversion Program will be impacted by the future policy decisions made on the direction of the program. POLICY IMPLICATIONS This project supports Utilities' Key Strategy Number 7 -Implement programs that improve quality of the environment and Supporting Objective Number 2-Invest in utility infrastructure to deliver reliable service. ENVIRONMENTAL IMPACT Discussion of the current status of the Electric Overhead to Undergrounding Conversion Program does not meet the California Environmental Quality Act's {CEQA) definition of "project" under California Public Resources Code Sec. 21065, thus no environmental review is required. ATIACHMENTS Attachment A: Map -Existing Underground Districts Attachment B: Rule and Regulation 17 PREPARED BY: REVIEWED BY: APPROVED BY: TOM TING, Engineering Man ager -Electric oc{ nY" JP, DEAN BATCHELOR, Assistant Director, Engineering~ C?~ EOSHIKADA Assistant City Manager/Interim Director of Utilities Page 3 of 3 UG DISTRICT #5 UG DISTRICT #1 UG DISTRICT #2 1965 UG DISTRICT #3 UG DISTRICT #4 PROPOSED UNDERGROUND DISTRICTS UG DISTRICT #9 UG DISTRICT #6 UG DISTRICT #7 UG DISTRICT #8 UG DISTRICT #13 UG DISTRICT #10 UG DISTRICT #11 UG DISTRICT #12 UG DISTRICT #17 UG DISTRICT #14 UG DISTRICT #15 UG DISTRICT #16 1966 1966 1968 1968 1968 1969 N/A 1968 1968 1969 1971 1971 1972 1973 1974 1974 1981 1982 1983 1983 1984 1985 1985 1986 1987 1989 1990 1991 1994 1995 1996 1999 UG DISTRICT #18 1977 UG DISTRICT #25 UG DISTRICT #22 UG DISTRICT #23 UG DISTRICT #24 UG DISTRICT #29 UG DISTRICT #26 UG DISTRICT #27 UG DISTRICT #28 UG DISTRICT #33 UG DISTRICT #30 UG DISTRICT #31 UG DISTRICT #32 UG DISTRICT #37 UG DISTRICT #34 UG DISTRICT #35 UG DISTRICT #36 UG DISTRICT #38 UG DISTRICT #39 UG DISTRICT #401979 1979UG DISTRICT #20 UG DISTRICT #19 2005 2006 2005 RD 2017 - 2019 2015 - 2017 UG DISTRICT #42 UG DISTRICT #46 EXISTING UNDERGROUND DISTRICTS 14 10 27 44 UG DISTRICT #44 2004 ELECTRIC ENGINEERING UTILITIES DEPARTMENT CITY OF PALO ALTO 45 JAN 2O14 1982UG DISTRICT #21 UG DISTRICT #41 2008 2016 - 2019UG DISTRICT #43 46 2011 - 2015UG DISTRICT #47 UG DISTRICT #45 2010 FOO T H I L L E X P W Y AR A S T R A D E R O R D H I L L V I E W A V E A R A S T R A D E R O R D EL C A M I N O R E A L V E N T U R A A V E EM B A R C A D E R O R D N E W E L L R D N E W E L L R D JUNIPERO SERRA BLVD PARK BLVD C A L I F O R N I A A V E PA G E M I L L E X P W Y MIDDLEFIELD RD MIDDLEFIELD RD LO M A V E R D E A V E LO M A V E R D E A V E MIDDLEFIELD RD EL CAMIN O R E A L ALMA ST ALMA ST LO M A V E R D E A V E WAVERLEY ST WAVERLEY ST S A N A N T O N I O R D B A Y S H O R E P K W Y WEST B A Y S H O R E R D CO L O R A D O A V E CO L O R A D O A V E S A N A N T O N I O R D EAS T C H A R L E S T O N MIDDLEFIELD RD CH A R L E S T O N R D OR E G O N E X P W Y CO L O R A D O A V E C A L I F O R N I A A V E LOUIS RD UNIV E R S I T Y A V E CHAN N I N G A V E CA L I F O R N I A A V E MIDDLEFIELD RD CHA N N I N G A V E ALMA ST S T A N F O R D A V E ST A N F O R D A V E LAGUNA AVE HI L L V I E W A V E EAST B A Y S H O R E R D FO O T H I L L E X P W Y FOOTHILL EX P W Y WEST EL C A M I N O R E A L ARBORET U M R D S A N D H I L L R D EA S T M E A D O W D R EA S T M E A D O W D R PA G E M I L L E X P W Y P A G E M I L L E X P W Y OR E G O N E X P W Y OR E G O N E X P W Y LOUIS RD LOUIS RD UN I V E R S I T Y A V E WAVERLEY ST WAVERLEY ST CH A N N I N G A V E CHA N N I N G A V E . PA R K B L V D ALMA ST L O S R O B L E S A V E . SA N A N T O N I O R D S A N A N T O N I O R D EL CAMINO REAL F A B I A N W A Y CH U R C H I L L A V E CH U R C H I L L A V E JUNIPERO SER R A B L V D SA N D H I L L R D EM B A R C A D E R O R D WEST B A Y S H O R E R D E A S T M E A D O W D R CO L O R A D O FREEW A Y JUN I P E R O SERRA I - 280 U.S. 10 1 BAYSHO R E F R E E W A Y BAYSH O R E FREEW A Y U.S. 10 1 texttext EM B A R C A D E R O R D MARION PL GREEN COURT AN T O N C T WE B S T E R S T BR Y S O N A V E BYRON ST KIPLING ST COWPER ST TO W L E W A Y TOWLE PL WE L L S B U R Y W Y FLOWERS L N AVALON COURT MA R T I N S E N C T GA R Y C T DY M O N O C T MACKALL WY ST ST BRYANT ST RAMONA ST EMERSON ST EL D O R A D O A V E BLVD OL I V E A V E PO R T A G E A V E LA M B E R T A V E BIRCH ST EL C A R M E L O A V E CH E S T N U T A V E FE R N A N D O A V E MA R G A R I T A A V E MA T A D E R O A V E WI L S O N A V E ORINDA ST CA M P A S I N O A V E SOUTH COURT BRYANT ST RAMONA ST EMERSON ST EL V E R A N O A V E PARK BLVD CU R T N E R A V E MA C L A N E SECOND ST TO Y O N P L ST . C L A I R E D R ST. MICHAEL DR ST. MICHAEL DR AS H T O N A V E MURDOCH DR ASHTON C T CO W P E R C T AL G E R D R DR ST. MICHAEL DR KIPLING ST SOUTH CT ASH ST ASH ST LA M B E R T A V E AC A C I A A V E PE P P E R A V E MADELINE CT VENTURA MA C L A N E JA C O B S C T WILKIE WY EL CAMINO WAY DA V E N P O R T W Y VI C T O R I A P L BA R C L A Y C T WI L K I E C T TE N N E S S E E L N CA R O L I N A L N WILKIE WY JA M E S R D GE O R G E HO O D L N WILKI E W Y DU L U T H C I R RUTHELMA A V E NE W B E R R Y C T DA R L I N G T O N C T PARK BLVD CT ED L E E A V E WAY WH I T C L E M D R PLACE MO N R O E D R MO N R O E D R MO N R O E D R MO N R O E D R DEL MEDIO CT SILVA AVE SI L V A C T DE L M E D I O A V E CALIFORNIA ST MILLER AVE MILLER AVE MILLER CT CESANO CT COLLINS CT FAYETTE DR CENTRAL EXPWY SONDGROTH WY CL A I R E CT A L V I N BYRON CTKE A T S C T NELS O N D R EL C A P I T A N P L N E L S O N D R AD O B E P L NEL S O N C T BL Y P L CAR L S O N C T DUNCAN PL BL Y P L MUMFORD PL CR E E K S I D E D R PA R K S I D E D R TO I G A C T DI A B L O C T NELSON DR SH A S T A D R FE R N E A V E CA L C A T E R R A P L CH R I S T O P H E R DAKE AVE FERNE AVE MARDELL WY DELL AL D E A N A V E NI T A A V E BETLO NITA AVE MACKAY DR FA I R F I E L D C T PONCE DR HE M L O C K C T FE R N E A V E FERNE CT BRIARWOOD WY FE R N E A V E BE N L O M O N D D R SC R I P P S C T SCRIPPS AVE BE N L O M O N D D R GR E E N M E A D O W W Y DIXON PL BLY PL LU N D Y L N STARR KING CIR WRIGHT PL LIN D E R O D R RAMONA ROOSEVELT CR ROOSEVELT CR BRYANT REDWOOD CR CARLSON CR RAMBOW CT S A N AN T O N I O CIR SOUTH COURT TERM I N A L B L V D CASE Y A V E COA S T A V E M A R I N E W Y CO R P O R A T I O N W Y EL W E L L C T GA R C I A TRANSP O R T S T I N D U S T R I A L A V E C O M M E R C I A L S T LEG H O R N FABI A N S T M O N T R O S E A V E MAPLEWOOD AVE SE M I N O L E W Y SUTHERLAND DR CH A R L E S T O N C T EN S I G N W Y MAY CT G A I L E N C T C O R I N A W Y RO S S R D O R T E G A C T MA Y V I E W A V E GROVE AVE CHABOT TR TANLAND DR TANLAND DR CA R D I N A L W Y INDIAN DR AZTEC WY AR R O W H E A D W Y MO R E N O A V E ELMDALE PL GREER RD BURNHAM WY DE N N I S D R CE L I A W Y AGNES WY MO R E N O A V E CO L O N I A L L N AM A R I L L O A V E ME T R O CI R MO F F E T T CIR VAN AUKEN CIR VAN AUKEN CIR LA W R E N C E L N SY C A M O R E D R CLARA DR SANDRA PL OTTERSON CT HIGGINS PL COLORADO PL SIMKINS CT MADDUX DR GENEVIEVE CT GREER RD MA D D U X D R MORRIS DR STOCKTON PL BA U T I S T A C T MO R A G E C T PI E R S C T CLI F F T O N C T VERNON TERRACE KE N N E T H D R TH O M A S D R KENNETH DR THOMAS DR KE N N E T H D R G R E E R R D JA N I C E W Y JANICE WY WA R R E N W Y MA R S H A L L D R ROSS RD CO A S T L A N D D R MA R I O N A V E MO R E N O A V E WOODROSE DR MARSHALL DR ROSS RD RANDERS CT MIDTOWN CT SA N C A R L O S C T SU T T E R A V E EL L S W O R T H P L SY C A M O R E D R SEVYSON CT E L B R I D G E D A V I D AVE MANCHESTER CT STELLING DR WI N T E R G R E E N W Y CL A R A D R SU T T E R A V E ST E R N A V E PRICE CT LA Y N E C T AL L E N C T LOMA VERDE PL TO R R E R A C T HOLY OAK DR AM E S A V E CORK OAK WY HOLY OAK D R ST O N E L N TA L I S M A N D R TALISMAN CT CH R I S T I N E D R DR I F T W O O D D R EVERGREEN DR AS P E N LUPINE DR ARBUTUS DR TA L I S M A N D R TH O R N W O O D D R GR E E R P L AMES CT RORKE WY RORKE WY ROSS RD AM E S A V E RI C H A R D S O N C T . RO S S C T MURRAY WY EAST MEAD O W C I R EAST MEADOW CIR PALO ALT O A V E LY T T O N A V E GUIDA ST HA M I L T O N A V E FULTON ST FO R E S T A V E HO M E R A V E AD D I S O N A V E FULTON ST GUIDA ST A D D I S O N A V E FIFE A V E B O Y C E S T SENECA ST F O R E S T C T HALE ST CHAUCER M A R L O W E S T H A M I L T O N C T HAM I L T O N A V E P A L M S T M A P L E S T LI N C O L N A V E REG E N T P L SOM E R S E T P L M E L V I L L E A V E COM M U N I T Y LN PAR K I N S O N A V E W I L S O N S T C E D A R S T HOP K I N S A V E P I N E S T H U T C H I N S O N A V E HER K E R A V E GRE E N W O O D A V E H A R R I E T S T KEN T P L TEV I S P L C E N T E R S T K I R B Y P L PITM A N A V E FOR E S T A V E DAN A A V E W E S T C R E S C E N T D R A S H B Y CR E S C E N T D R CE N T E R S T EAS T C R E S C E N T D R SO U T H W O O D D R I S L A N D D R HAMILT O N A V E DANA A V E A S H B Y KINGS L N WOOD PITMAN A V E ARCAD I A P L S H A R O N C T NEW E L L P L LOUISA CT DE S O T O D R DR EDGE ED G E W O O D D R J E F F E R S O N D R M A D I S O N W Y PHILLIPS DR HAMILTON A V E DANA AVE A L E S T E R A V E HAY E S D R S T A N L E Y W Y E R S T W I L D C T W A L K E R S T A N L E Y W Y LOIS L N JOR D A N P L H A Y E S D R H E A T H E R L N P R I M R O S E W Y IRI S W Y P R I M R O S E W Y IRIS W Y G R E E R R D W I L D W O O D L N S T . F R A N C I S D R IVY L N G R E E R R D ALANNAH C T HILB A R L N HAM I L T O N A V E R H O D E S D R J A C K S O N D R P A T R I C I A L N WAL N U T D R LO I S L N HA Y E S D R W A L N U T D R BRET HARTE ST BARBARA DR BELVIEW CT MO R T O N S T SO U T H A M P T O N D R EA S T G R E E N W I C H NO R T H A M P T O N D R MARK TWAIN ST SIE R R A C T ST. FRANCIS DR CARMEL DR SANTA CATALINA ST SANTA ANA ST GREER RD BLAIR CT EL S I N O R E D R EL CAJON WY EL CAJON WY WA T S O N C T FRONTAGE RD EDGEWO O D D R LA U R A L N EMBAR C A D E R O W Y FABE R P L GA R L A N D D R SO U T H A M P T O N D R PO R T A L P L WE S T GR E E N W I C H NO R T H A M P T O N D R SE A L E A V E GUIDA ST NEWELL RD FULTON ST DE SOTO D R ESTA C A D A S A L T M O N T E S D R MO A N A C T MIR A N D A G R E E N MIRA N D A MESA CT O A K H I L L A V E MES A A V E E M A N U E L A A V E M A N U E L A A V E MAN U E L A W Y MAN U E L A C T ROBB R D MO C K I N G B I R D L N O L D A D O B E R D OLD T R A C E L N OL D T R A C E R D MIRAN D A A V E COY O T E H I L L R D HANSEN WY HA N S E N W Y TIPPAWINGO MA T A D E R O A V E CH I M A L U S A V E JULIE CT JO S I N A A V E KE N D A L L A V E BA R R O N A V E PA U L A V E WHITSELL ST MA T A D E R O A V E BA R R O N A V E LA SELVA DR MI L I T A R Y W Y MAGNOLIA DR CASS WY EL CENTRO ST CARLITOS BA R R O N A V E JE N N I F E R W Y TIMLOTT CT TI M L O T T L N SA N J U D E A V E LA DONNA ST MA G N O L I A D R L A P A R A A V E ARBOL DR EN C I N A G R A N D E D R VILLA VISTA VI L L A R E A L VILLA VERA VI S T A A V E GOBEL LN VERDOSA DR CAMPANA DR SOLANA DR C E R E Z A D R FL O R A L E S D R INTERDALE WY THAIN WY BAKER AVE GE O R G I A A V E ABEL AVE AMARANTA AVE I R V E N C T ALTA MESA AVE CLEMO AVE M A Y B E L L A V E A M A R A N T A C T ORME ST COULOMBE D R LO R A B E L L E C T KE L L Y W Y SUZA N N E D R SUZA N N E D R SU Z A N N E C T LOS P A L O S GL E N B R O O K D R LO S P A L O S CIR AVE L O S P A L O S P L F A I R M E D E POMONA A V E CHERRY OAKS P L FRANDON CT MAYBELL WY KING A R T H U R C T DRISCOLL CTDONALD DRGE O R G I A A V E RIN C O N C I R W I L L M A R D R G E O R G I A A V E HUBB A R T T D R YNIGO W A L L I S C T C R O S B Y P L LAGUNA AVE MANZANA LN EL C E R R I T O R D EL CERRITO RD S H A U N A L N SA N J O S E A V E IL I M A C T LA CALLE LA G I N A C T LA MATA WY M A T A D E R O C T R O B L E R I D G E LA G U N A O A K S P L IL I M A W Y PA R A D I S E W Y M c G R E G O R W Y HA W T H O R N E AV E BYRON ST AV E EV E R E T T EV E R E T T C T COWPER ST TASSO ST WEBSTER ST BYRON ST TASSO ST RU T H V E N A V E P A L O A L T O A V E BR Y A N T C T BRYANT ST HA W T H O R N E A V E AV E AL T O P A L O LY T T O N A V E HIGH ST EV E R E T T A V E RAMONA ST EMERSON ST FLORENCE ST PA U L S E N HA M I L T O N A V E GILMAN ST HO M E R A V E FO R E S T A V E DOWNING LN KIPLING ST SCOTT ST AD D I S O N A V E LI N C O L N A V E BYRON ST KI N G S L E Y A V E WH I T M A N C T ME L V I L L E A V E ME L V I L L E A V E WEBSTER ST TASSO ST KE L L O G G A V E TE N N Y S O N A V E WEBSTER ST COWPER ST KE L L O G G A V E CO L E R I D G E A V E BRYANT ST EMERSON ST LO W E L L A V E TE N N Y S O N A V E BYRON ST TASSO ST COWPER ST SA N T A R I T A A V E WA S H I N G T O N A V E WA V E R L E Y O A K S SA N T A R I T A A V E SA N T A R I T A A V RI N C O N A D A A V E SE A L E A V E HIGH ST NE V A D A A V E RAMONA ST WA S H I N G T O N A V SOUTH COURT NE V A D A A V E TASSO ST OR E G O N A V E BYRON ST SH E R I D A N A V E GR A N T A V E PERAL ASH ST STBIRCH PARK JA C A R A N D A NOGAL LN BIRCH ST MA Y F I E L D L N C A M B R I D G E A V E MIMOSA LN SEORO LN CO L L E G E A V E OX F O R D A V E ST A N F O R D A V E LE L A N D A V E BIRCH ST ASH ST PA R K A V E SE Q U O I A A V E ESCOBITA A V E MADRON O A V E PORTOLA A V E MIR A M O N T E A V E MA N Z A N I T A A V E CASTILLJA AVE MARIPOSA AVE EN C I N A A V E HO M E R A V E UR B A N L N WEL L S A V E URBAN LNMITCHELL LN CO L L E G E A V E BIRCH ST ASH ST QU A R R Y R D P A L M D R Q U A R R Y R D L A S U E N S T CAMPUS G A L V E Z S T SA M M C D O N A L D R D NELSON R D PLUM T R E E L N P A L M MUSEU M W Y L O M I T A D R B L A K E W I L B U R D R ROTH W Y W E S T C A M P U S D R MEM O R I A L W Y PASTE U R D R P A N A M A S T WEST C A M P U S D R J O R D A N W Y PUEBL O W Y VIA PU E B L O SERRA S T A R G E U L L O W Y V I A C R E S P I S E Q U O I A L N V I A P A L O U V I A O R T E G A STO C K F A R M R D O A K R D SEARS V I L L E R D L O S A R B O L E S A V E SANTA T E R E S A S T G O V E R N O R ' S A V E PANA M A S T SANTA T E R E S A S T S A M M O R R I S W Y PANA M A S T D U E N A S T R O B L E D R LA G U N I T A D R MAYF I E L D A V E L A N E W NA T H A N A B B O T T W Y L O M I T A D R LANE L SEA R S V I L L E R D ELECT I O N E E R R D W E S T C A M P U S D R F R E M O N T R D R U R A L L N A L P I N E R D L O S A R B O L E S A V E GOVE R N O R ' S E X T E N S I O N G O V E R N O R ' S A V E LO M I T A C T CA M P U S D R G E R O N A R D EL ESC A R P A D O OLMSTED RD B A R N E S C T HULME CT SE R R A O L M D T E D R D THOBURN CT BO N A I R S I D I N G HOSKINS C T MCFARLAND CT ANGELL C T WELLE S L E Y DUD L E Y L N CORNELL ST PRINCETON ST WILLIAMS ST YALE ST STAUNTON CT ABRAMS CT QUILLE N CT JENK I N S C T BLACK W E L D E R C T ESCO N D I D O R D ESCONDIDO DR CO M S T O C K C I R O L M S T E D OBERLIN ST HARVARD ST HANOVER ST COLUMBIA ST BOWDOIN STBOWDOIN ST AMHERST ST LAN E C ALV A R A D O LAN E B YN E Z S T SAL V A T I E R R A S T SAN F R A N C I S C O T E R SAN F R A N C I S C O C T PIN E H I L L R D ROW LANE B SALVATIERRA ST VALPA RAISO ST MAYFIELD AVE CONSTANZO ST SAN JUAN ST YN E Z S T SAN CABRILLO A V E DO L O R E S S T SAN JUAN ST CO R O N A D O A V E FR E N C H M A N S R D S A N R A F A E L P L S A N C A B R I L L O A V E ESPLA N A D A W Y MAYF I E L D A V E A L V A R A D O C T ESP L A N A D A W Y SAN T A F E A V E SO N O M A T E R MAYFIELD AVE LATHROP DR MEARS CT MAY F I E L D A V E RAIMUNDO WY CO T T R E L L W Y WI N G W Y CA S A N U E V A P L VA L D E Z P L CEDRO WY L A T H R O P D R EST U D I L L O R D GE R O N A R D S A N T A M A R I A MIRADA AVEDO L O R E S S T MIRA D A A V E YNEZ GERONA R D SA N C A B R I L L O A V E STSANTA PETER COUTTS CIR PETER COUTTS RD CATHCART WY R A I M U N D O W Y T O L M A N D R S. T O L M A N L N AL L A R D I C E W Y VERNIER PL O L D P A G E M I L L R D JUNIPERO SERRA BLVD DON A L D D R EMB A R C A D E R O RO A D HA R B O R 1 1 5 18 12 16 39 41 42 23 20 30 31 32 33 29 24 17 24 37 35 28 2122 13 11 7 15 6 25 26 4 36 36 38 40 29 6 31 19 34 43 42 45 9 47 ATTACHMENT A El C a m i n o R e a l Pena Ct McK e l l a r L n I r v e n C t M a y b e l l A v e Alta Mesa A v e Thain Way 531 535 539 4175 4170 W. C h a r l e s t o n R d . 4195 4191- 4 1 9 3 473 474 471 476 4211 535 540 541 551 556 562 557 554 4170 544 548 536 550 4222- 4 2 2 4 4220 4214- 4 2 1 6 4218 A r a s t r a d e r o R d . 550 544 549 553 566 5604174 529 4185 565 4200 530 570 4180 550 531 538 532 4190 496 488 470 4173 464 468 El C a m i n o R e a l Boundary Map Underground District No. 46 California UTILITIES, ELECTRIC ENGINEERING City of Palo Alto LEGEND Project Boundary Feb 2014 Tom Ting SR. ENGINEER / MANAGER CHKD. APPROVED DRWN ENGR.JV SHEET MAP #CKT # REV.DATE NTS SCALE APPR. 11OF W.O.# / DRAWING # DESCRIPTION Cowper St Li n c o l n A v e Ad d i s o n A v e Lane 56 (Pvt.)Ch a n n i n g A v e Downing Lane Ho m e r A v e Fo r e s t A v e Middlefield Rd.Middlefield Rd. Webster St Fo r e s t A v e Webster St Cowper St Ho m e r A v e Webster St Ch a n n i n g A v e Ad d i s o n A v e Ch a n n i n g A v e Cowper St Cowper St 10361018 1033 1043 566 1110 528 510-520 558-560 567 1022 580 574 566 539 527-533 551 581 934 637 460 825 837 501-547 633 661-665 667-669 640-648 600 827 619 643-653 627 532 469 475 736-738724-732 559-563 534-536 507 725 730718 702-704 738-740 760 746-750 721 609 751 617-619 644-648 652 680 728-730 655 657 640 628 649-653 668-674 734-744 621-629 745 543-545 670 660 475 Channing House Addison Elementary School 6 UNITS 8 UNITS 4 UNITS 10 UNITS 889 845-847835 940 BLDG. 6 BLDG. 9 664 WEBSTER WOODS BLDG. 10BLDG. 3 BLDG. 2 BLDG. 1 BLDG. 15 BLDG. 14 ROLLER & HAPGOOD 1028 16 UNITS 24 UNITS 9 UNITS 556-596 505 1000 944-948 936-940 904 926 838810-816 828-830 707 741-747 953 711 935 Webster Oaks Apts. 4671042 1055 536 580 510 540-558 536 526 1021 525 538-552 595 585 10481044 575 1026 537-543 519-521518-520 524-540 575940 561 569 980 803 800 809-823 655-659654-666 630-638 618 850 615 675 528 637 680 678 880-884 744-748 567-569 539-543 515-517 720 466 542-544 550-566 610-616 727 711 705 525 759 734 707-715 741- 752 760 633-641 660-666 739 735 601-619 577 675 801 759735-737711727-729719-721 827-829 835 853 703 943-945925 905 1001 1011 8 UNITS 524-526 543-545 3 UNITS 6 UNITS 6 UNITS BLDG. 7 BLDG. 8 BLDG. 5 BLDG. 4 BLDG. 11 BLDG. 16 BLDG. 12 4 UNITS 850 904-926 24 UNITS 471 952912 468 918 965-971 939-945931-935923-925 846 471 459 818-820 483 907-925 737 595 753 759 749725 505 530 563565567 1015 629 631 Li n c o l n A v e Li n c o l n A v e Middlefield Rd. CHKD. SR. ENGINEER / MANAGER ENGR. DRWN APPROVED California UTILITIES, ELECTRIC ENGINEERING SHEET OF City of Palo Alto CKT #MAP #SCALE DATEREV.APPR. W.O.# / DRAWING # DESCRIPTION OPS. UG 47 Boundary Drawing SW GJ EM GJ July 2010 1 1 NTS Proposed Underground District No. 47 Homer / Cowper / Addison / Middlefield / Channing / Webster B5 B6 40012979 WO# 40012979 CONVERSION OF ELECTRIC AND COMMUNICATION FACILITIES TO UNDERGROUND RULE AND REGULATION 17 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 6-1-2010 Sheet No. 1 A. POLICY AND PRIORITIES CPAU will replace existing overhead Electric distribution facilities and communication facilities with underground facilities due to system operational considerations, or upon Application of an individual or group of individuals, and/or at the direction of the City Council, subject to budgetary considerations, the order of priorities listed below, and minimum project size specified in the applicable section of this Rule. The extent of CPAU’s financial participation in a conversion project will depend on whether the locale of the project is designated by the City Council as an area of general public interest and benefit, or an area of primary local public benefit, or whether the area fails to qualify for either of the foregoing designations. Underground conversion in areas of general and local public benefit will be considered in accordance with the following order of priorities. 1.First priority will be given to overhead CPAU lines along streets, roads, or rights-of-way on which major new roadway construction, realignment or on roadways designated as high priority for re-pavement/overlay by the City’s Public Works Department. 2.Second priority will be given to overhead CPAU lines along rights-of-way through the interior of blocks which have heavy tree foliage where poles have deteriorated to the point where replacement is necessary and undergrounding is an economic alternative to pole replacement. 3.Third priority will be given to overhead CPAU lines along streets, roads, or rights-of-way in areas zoned commercial, light industrial, and limited manufacturing where Load growth requires major overhead reconstruction and undergrounding is an economical alternative. 4.Fourth priority will be given to overhead CPAU lines which are hidden or partially hidden by surrounding tree foliage along streets, roads, or rights-of-way where poles have deteriorated to the point where replacement is necessary and under-grounding is an economic alternative to pole replacement. ATTACHMENT B CONVERSION OF ELECTRIC AND COMMUNICATION FACILITIES TO UNDERGROUND RULE AND REGULATION 17 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 6-1-2010 Sheet No. 2 5. Fifth priority will be given to overhead utility lines which are constructed along a major arterial where poles have deteriorated to the point where replacement is necessary and under- grounding is an economic alternative to pole replacement. 6. Sixth priority will be given to overhead utility lines which are constructed along streets, roads, or rights-of-way in areas zoned Residential. The intent of the six priority schedule is to provide guidance when establishing or selecting areas for undergrounding overhead utility lines. However, any area where overhead utility lines are located in streets, roads, or rights-of-way may be included in an Underground Utility District for engineering, operating, or economic reasons. B. IN AREAS OF GENERAL PUBLIC INTEREST AND BENEFIT CPAU will replace its existing overhead distribution lines and communication cables with underground distribution facilities at CPAU’s expense along public streets and roads, on public lands, and on private property across which satisfactory easement or rights-of-way have been obtained or may be obtained without cost or condemnation by the City provided that: 1. The Project extends a minimum distance of two City blocks or 750 feet. 2. The City Council has: a. Determined that such under-grounding is in the general public interest. Included among the reasons for such determination may be: 1. Such under-grounding will avoid or eliminate an unusually heavy concentration of overhead distribution and communication facilities or the construction of an existing Pole Line to accommodate additional overhead circuits. 2. Said street or road or right-of-way is extensively used by the general public and carries a heavy volume of vehicular traffic. 3. Said street or road or right-of-way adjoins or passes through a civic or public recreation area or an area of scenic interest to the general public. CONVERSION OF ELECTRIC AND COMMUNICATION FACILITIES TO UNDERGROUND RULE AND REGULATION 17 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 6-1-2010 Sheet No.3 b. Adopted an ordinance creating an underground district in accordance with the applicable sections of Chapter 12.16, Underground Utilities, of the Palo Alto Municipal Code, which provides, among other things: 1. That all existing overhead communication and Electric distribution facilities in such district shall be removed. 2. That each property owner served from such overhead distribution and communication facilities shall provide, within a period of time established by the City Council and at the property owner’s expense and in accordance with CPAU applicable Rules and Regulations and schedule of Charges for underground Service connections, all electrical Service facility construction and Charges on his Premises necessary to receive Service from the underground distribution and communication facilities after they are completed and in operation. 3. CPAU is authorized to discontinue overhead Services after the period of time established by City Council for reconnection to the underground distribution and communication facilities has expired. C. IN AREAS PRIMARILY OF LOCAL PUBLIC BENEFIT CPAU will replace its existing overhead distribution and communication facilities with underground distribution and communication facilities along public streets, roads, or other locations mutually agreed upon when requested by a group of Applicants or an authorized representative of a group of Applicants, provided that: 1. The project includes at least one block to 600 feet. 2. The City of Palo Alto City Council has: a. Determined that such undergrounding is in the general public interest, but primarily of local benefit. b. Adopted an ordinance creating an underground district in accordance with the CONVERSION OF ELECTRIC AND COMMUNICATION FACILITIES TO UNDERGROUND RULE AND REGULATION 17 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 6-1-2010 Sheet No.4 applicable sections of Chapter 12.16, Underground Utilities, of the Palo Alto Municipal Code, which provides among other things: 1. That all existing overhead communication and Electric distribution facilities in such district shall be removed. 2. That each property owner served from such overhead distribution and communication facilities shall provide, within a period of time established by the City Council and at the property owner’s expense and in accordance with the CPAU applicable Rules and Regulations and schedule of Charges for underground Service connections, all electrical Service facility construction and Charges on his Premises necessary to receive Service from the underground distribution and communication facilities after they are completed and in operations. 3. That CPAU is authorized to discontinue overhead Service after the period of time established by the City Council for reconnection to the underground distribution and communication facilities has expired. 3. The Applicant or group of Applicants pays 50 percent of the total costs, exclusive of transformers and associated equipment, for the replacement of the overhead Electric distribution lines with underground Electric distribution facilities in the Public Right-of-Way or easement. CPAU will pay 50 percent of said costs and will provide the transformers and associated equipment. Where the street-lighting system in areas to be under-grounded is mounted on overhead poles to be removed, the street-lighting facilities shall be replaced in accordance with the standards and requirements of CPAU, and the cost shall be borne by the Applicant or group of Applicants. The cost of undergrounding communication facilities shall be borne by the Applicant or group of Applicants as determined by applicable tariffs and rules of the servicing utility. Where overhead Fiber Optics systems exist, 100 percent of the cost to place them underground will be borne by the Applicant or group of Applicants. CONVERSION OF ELECTRIC AND COMMUNICATION FACILITIES TO UNDERGROUND RULE AND REGULATION 17 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 6-1-2010 Sheet No.5 D. IN AREAS OF INSUFFICIENT PUBLIC BENEFIT TO QUALIFY UNDER SECTION B OR SECTION C When mutually agreed upon by the Director of Utilities and an Applicant, overhead distribution and communication facilities may be replaced with underground distribution and communication facilities provided that: 1. The Applicant requesting the change enters into an agreement with CPAU to pay, in advance, a non-refundable sum not less than 75 percent of the estimated total cost of the replacement of overhead Electric distribution lines with underground Electric distribution facilities, in the Public Right-of-Way or easement, exclusive of transformers and associated equipment. The share borne by CPAU shall be determined by the Electrical Engineering Manager on his or her calculation of the benefit to CPAU. Where the street-lighting system in areas to be under-grounded is mounted on overhead poles to be removed, the street-lighting facilities shall be replaced in accordance with the standards and requirements of CPAU, and the cost shall be borne by the Applicant or group of Applicants. The cost of undergrounding communication facilities shall be borne by the Applicant or group of Applicants as determined by applicable tariffs and rules of the servicing utility. Where overhead Fiber Optics systems exist, 100 percent of the cost to place them underground will be borne by the Applicant or group of Applicants. 2. Each property owner served from such overhead distribution and communication facilities shall agree to provide at his or her own expense, within a period of time established by CPAU, all electrical and communication Service facility construction and changes on his or her Premises necessary to receive Service from the underground distribution and communication facilities when they are completed and in operation. (END) Page 1 of 15 3 MEMORANDUM TO: UTILITIES ADVISORY COMMISSION FROM: UTILITIES DEPARTMENT DATE: JANUARY 13, 2016 SUBJECT: Staff Recommendation that the Utilities Advisory Commission Recommend that the City Council Adopt a Resolution Approving a Power Purchase Agreement with Hecate Energy Palo Alto LLC for up to 75,000 Megawatt-hours Per Year of Energy over a Term of up to 40 Years for a Total Not to Exceed Amount of $101 Million REQUEST Staff recommends that the Utilities Advisory Commission (UAC) recommend that the City Council adopt a Resolution (Attachment A) to: 1. Approve a Power Purchase Agreement (PPA) with Hecate Energy Palo Alto LLC (HEPA), a Delaware limited liability company, for the acquisition of up to 75,000 Megawatt-hours (MWh) per year of energy from the Wilsona solar project (Wilsona) over a maximum of forty years at a total cost not to exceed $101 million; and 2. Waive the application of the investment-grade credit rating requirement of Section 2.30.340(d) of the Palo Alto Municipal Code, which applies to energy companies that do business with the City, as HEPA will provide a $5.2 million letter of credit as a development assurance deposit, and a subsequent $2.6 million letter of credit as a performance assurance deposit. 3. Delegate to the City Manager or his designee, the authority to execute on behalf of the City the PPA with HEPA, the three contract term extension options available to the City under the PPA, and any documents necessary to administer the agreements that are consistent with the Palo Alto Municipal Code and City Council approved policies. 4. Waive the application of the anti-speculation requirement of Section D.1 of the City’s Energy Risk Management Policy as it may apply to surplus electricity purchases resulting from the City’s participation in the Wilsona PPA, due to the variability of the City’s hydroelectric resources. EXECUTIVE SUMMARY As part of ongoing efforts to meet the City’s Carbon Neutral Plan requirements, as well as to comply with the recently adopted state Renewable Portfolio Standard (RPS) mandate of Page 2 of 15 providing at least 50% of sales from qualifying renewable resources, staff issued a request for proposals (RFP) for renewable resources in the spring of 2015 and evaluated the proposals based on price, value, viability and compatibility with the City’s needs. Under this RFP, staff sought projects that would begin delivering energy to Palo Alto in 2021, which is when one of the City’s older wind energy contracts will expire. After thorough review, staff concluded that the Wilsona solar photovoltaic (PV) project proposal had the best total score. When it begins operating in mid-2021, the 26-megawatt (MW) project1 will provide about 7.5 percent of the City’s annual energy needs, and will be sited on low productivity, previously disturbed agricultural land in Los Angeles County. The project was proposed by Hecate Energy LLC (Hecate), a privately-held developer, owner, and operator of solar, wind, energy storage, and natural gas projects. Headquartered in Nashville, Hecate was founded in 2012 by the executive team that built (and subsequently sold) the compan y OCI Solar Power. Hecate currently has over 2,400 MW of projects under development. The Wilsona PPA (Attachment B) is structured with a 25-year initial term, followed by three separate five-year extension term options that can be exercised at the City’s sole discretion. The project’s contract price of $36.76 per MWh is substantially lower than the prices of any of the City’s previous renewable energy contracts. But as with all of those prior contracts, Palo Alto will make no upfront payments under the Wilsona PPA; energy will be paid for only after it is delivered. Further mitigating the risks posed by this contract, HEPA will be required to post a $5.2 million development assurance deposit, which the City will be able to keep in the event that the project is not completed in a timely manner. This deposit amount is almost three times greater than the amount provided under any of the City’s other solar PV contracts. In addition, the Wilsona project will be a “fully deliverable” project , meaning that it will provide Resource Adequacy (RA) value to the City, in addition to the value of its renewable energy. BACKGROUND Per the Council-approved Long-term Electric Acquisition Plan (LEAP) Objectives and Strategies, updated in April 2012 (Staff Report 2710), the City’s RPS target is to procure at least 33% of its retail sales volume from qualifying renewable resources by 2015, and to continue procuring renewable resources as long as the cumulative rate impact of all of the City’s renewable resources is not more than 0.5 cents per kilowatt-hour (¢/kWh). In addition, California’s Senate Bill (SB) 350, signed into law in October 2015, requires all electric utilities in the state, including Palo Alto’s municipal utility, to procure increasing amounts of renewable resources in order to serve their retail customers. Utilities must procure at least 40% of their retail sales volume from renewable resources by December 31, 2024, at 1 Under the terms of the PPA, the Wilsona project will be sized between 25 and 27 MW, with an expected size of 26 MW. All references to the Wilsona project’s 26 MW size in this report should be understood to capture that range. Page 3 of 15 least 45% by December 31, 2027, and at least 50% by December 31, 2030 (and each year thereafter). Finally, in March 2013, Council approved the City’s Carbon Neutral Plan for the electric supply portfolio, to be achieved starting in 2013 (Staff Report 3550). Since 2013 and over the next couple of years of implementing the Carbon Neutral Plan, the City expects to achieve carbon neutrality with its renewable energy portfolio, its carbon-free hydroelectric resources and by purchasing renewable energy certificates (RECs) to offset the emissions associated with its wholesale market power purchases. Starting in 2017, the City plans to achieve carbon neutrality entirely through the acquisition of additional “hard resources” that supply the City with both energy and environmental attributes so that REC purchases can be minimized —and the Wilsona PPA is a part of that long-term effort. Current Status of Renewable Resources in Palo Alto’s Electric Portfolio The City has executed eight PPAs for new renewable resources that are currently delivering energy to Palo Alto, with one additional resource (Hayworth Solar) expected to begin operating by the end of November 2015. The currently operating resources include two wind projects, five landfill-gas-to-energy (LFGTE) projects, and one solar PV project. Besides Hayworth, an additional three PPAs have been executed for solar projects that are still under development and expected to begin operating by the end of 2016. The City has also executed PPAs for three other resources but subsequently terminated those agreements after the supplier s ran into problems developing the projects and requested unacceptable contractual concessions. Summary information for all 12 currently contracted RPS resources is provided in Table 1. Page 4 of 15 Table 1 – Palo Alto’s Existing Renewable Energy Contracts Project Supplier Technology Date Contract Executed Actual or Estimated Online Date Annual Energy (GWh) High Winds Iberdrola Wind Nov. 2004 Dec. 2004 48.2 Shiloh Iberdrola Wind Oct. 2005 Jun. 2006 64.5 Santa Cruz Ameresco Landfill Gas Nov. 2004 Feb. 2006 9.9 Half Moon Bay Ameresco Landfill Gas Jan. 2005 Apr. 2009 43.9 Keller Canyon Ameresco Landfill Gas Aug. 2005 Aug. 2009 14.9 Johnson Canyon Ameresco Landfill Gas Aug. 2009 May 2013 10.4 San Joaquin Ameresco Landfill Gas May 2010 Apr. 2014 30.3 EE Kettleman Land Clēnera Solar PV Nov. 2012 Jul. 2015 53.5 Subtotal – Operating 275.5 Hayworth Solar sPower Solar PV Jun. 2014 Nov. 2015 63.7 Elevation Solar C sPower Solar PV Jul. 2013 Dec. 2016 100.8 Western Antelope Blue Sky Ranch B sPower Solar PV Jul. 2013 Dec. 2016 50.4 Frontier Solar Clēnera Solar PV Jul. 2013 Dec. 2016 52.5 Subtotal – Under Development 267.4 Total – All Executed Contracts 542.9 In addition, through its contract with the Western Area Power Administration and through its ownership share of the Calaveras Hydroelectric Project , the City receives a small amount of energy from “small” hydroelectric projects that qualify under the state’s RPS standard. These resources that can be counted towards the City’s RPS requirements together account for about 1% of the City’s sales in normal water years. Lastly, Palo Alto CLEAN, a local solar PV feed-in tariff program, was launched in March 2012 (Staff Report 2548, Resolution 9235). Under the current program design approved in May 2015 (Staff Report 5849), the Palo Alto CLEAN program may provide up to 0.5% of Palo Alto’s electric energy needs. Together, when all of the renewable facilities under contract enter commercial operation, and assuming Palo Alto CLEAN provides 0.5% of the City’s total energy supply, the City’s RPS is expected to be about 43.2% of total energy supply needs in 2016, and 57.7% in 2017, as shown in Figure 1 below. However, one of the City’s earliest PPAs, for the Shiloh I wind project, is set to expire in May 2021. Once it does, the City’s RPS will fall to about 50.0% (in 2022). Figure 1 shows actual energy deliveries through 2014 and estimated deliveries after that date. Page 5 of 15 Figure 1 – Palo Alto’s Committed Renewable Resources Green Premium Calculation To conform to the City’s RPS policy rate impact limitation of 0.5¢/kWh on average, staff compares the total cost of each renewable resource to the wholesale market price of non - renewable energy at the time that the contract for the resource is executed. The green premium represents the additional cost paid for renewable energy compared to non -renewable energy from the market. For each resource the levelized2 cost impact ($/year) is calculated as follows: Green Premium = (PPA cost + transmission charges – capacity value) – brown power cost, where “PPA cost” is the renewable energy cost adjusted for its time -of-delivery3; “transmission charges” are any costs Palo Alto would incur to get the energy delivered to CAISO territory; “capacity value” is any system or local capacity value provided by the resource; and “brown 2 Levelizing is a process of taking nominal cash flows, discounting them to present value, summing the present values, and amortizing the present value into uniform annual payments like a mortgage. The discounting and the amortizing are both performed with the user’s discount rate or time value of money. 3 In general, solar PV projects deliver energy during the on-peak hours when energy deliveries are more valuable; thus solar PV project prices are discounted slightly in the green premium calculation. The opposite adjustment is usually true of wind projects. Page 6 of 15 power cost” is the wholesale market price quote for non -renewable energy delivered to Northern California for an equivalent term. DISCUSSION This section of the report will cover the following topics: A. The Market for Renewable Resources in California B. Results of Palo Alto’s Renewable Resource Request for Proposals (Spring 2015 RFP) C. Wilsona Solar Project Summary D. Contract Mechanisms for Mitigating Project Risks E. Energy Risk Manager’s Assessment F. Palo Alto’s Renewable Resource Portfolio with Wilsona A. The Market for Renewable Resources in California California’s aggressive RPS mandates for electric utilities resulted in a supply-demand imbalance in the renewables market that drove prices up, particularly between 2007 and 2011. However, in the past several years renewable energy prices have plummeted – largely due to an influx of low-cost solar panels into the market. Prior to 2011, solar was generally the most expensive type of renewable energy technology; now it is easily the least expensive. Furthermore, in the past few years, supply and demand factors have shifted decidedly in favor of buyers like Palo Alto. A large number of renewable energy developers have entered the market in recent years—reacting to the then-high renewable energy contract prices and the large appetites of the state’s large investor-owned utilities (IOUs) seeking to meet their RPS procurement requirements. But, as of now, the IOUs have contracted for enough renewable energy to meet their mid-term needs and have dramatically slowed their procurement efforts. This has left a large pool of project developers competing with each other to win contracts with a relatively small pool of buyers. As a result, renewables prices—particularly for solar—have been driven down to the point that they are now roughly at parity with long-term brown market prices. However, there are a number of factors that have the potential to push renewable energy prices back up in the mid- to long-term. Among them are: a) The scheduled expiration of federal tax incentives for renewable energy projects— including the reduction from 30% to 10% of the Investment Tax Credit (ITC)4 and accelerated depreciation rules; b) The recent passage of SB 350, the new 50% by 2030 RPS mandate, which will likely spur all of the state’s electric utilities to begin actively procuring renewable energy for the 2020 to 2030 time period; and 4 At the time the City issued this RFP, and through the majority of the negotiations process with Hecate, the ITC was slated to drop from 30% to 10% at the end of 2016. However, in mid -December 2015 Congress extended the ITC at the 30% level for an additional three years. It is now scheduled to reduce to 26% for projects beginning construction in 2020, and to 22% for projects beginning construction in 2021, before falling to the 10% level again. Page 7 of 15 c) The enactment of the U.S. Environmental Protection Agency’s (EPA’s) Clean Power Plan, which is likely to lead other Western states to more actively pursue renewable resources in order to reduce the carbon emissions associated with their electricity. All of the above factors suggest that now is a good time to lock in long-term commitments at historically low prices in order to help the City meet its carbon neutrality goals and its post - 2020 RPS requirements. B. Results of Palo Alto’s Renewable Resource Request for Proposals (Spring 2015 RFP) The City typically contracts for renewable power by independently issuing RFPs, the most recent of which was released in April 2015 in pursuit of projects that would deliver renewable energy starting in 2021 to replace the Shiloh I wind PPA when it expires in 2021. Staff expected to receive proposals from projects that would be constructed before the end of 2016 (in order to take advantage of the 30% federal ITC—which, at the time the RFP was issued, was scheduled to be reduced to 10% at the end of 2016; however, in December Congress extended it at the 30% level until the end of 2019 ) or from projects that would not be completed until 2021. In response to this RFP, the City received 41 project proposals, which is about half as many as were received in response to the City’s prior RFP in fall 2013. This drop-off in proposals received is likely due to the fact that the City was requesting a rather late contract start date of 2021. The 41 proposals represented a total capacity of 900 MW and 2,600 gigawatt-hours per year (GWh/year) of energy from a variety of different generating technologies. The proposed projects included 32 solar PV projects, five wind projects, two biomass projects, one geothermal project, and one ocean wave project. The proposals were evaluated based on price and value, project/contract viability, and compatibility with Palo Alto’s electric portfolio. The City received many attractive proposals— including several that were priced lower than any of Palo Alto’s previous PPAs—but ultimately the Wilsona proposal received the highest overall score. In evaluating the price and value of different offers staff takes into account:  The daily and seasonal shape of the energy output;  The location of the output;  The structure of the output in terms of meeting legislated criteria (i.e., satisfying limitations on the use of the three categories of renewable resources defined by the state’s RPS law);  The likely capacity value of the output;  The likely interconnection cost to get the output onto the grid; and  The green premium, which is calculated for each proposal as the proposal cost minus the cost of buying the equivalent amount of non-renewable resource output. Figure 2 depicts the range of green premiums for the proposals received in the spring 2015 RFP, sorted by type of generation technology. Overall, the green premiums of these projects were somewhat lower than those of the project proposals received through the fall 2013 RFP, and those of the top few proposals were substantially lower. Page 8 of 15 Further, the viability of each proposed project /contract was evaluated in terms of accomplished and remaining project development steps, along with the financial standing and development experience of the project developer. Figure 2 – Green Premiums and Project Start Dates of RFP Proposals C. Wilsona Solar Project Summary The Wilsona PPA proposal was submitted by Hecate Energy, a privately -held Nashville-based firm that develops solar PV, wind, energy storage, and natural gas projects in the U.S. as well as abroad. Hecate currently has over 2,400 MW of projects under development. In June 2014, the Los Angeles Department of Water and Power board unanimously approved the award of 190 MW of solar PV PPAs to Hecate—an award that comprises two 56 MW projects, a 50 MW project, and 28 MW of in-city distributed generation solar PV projects. Additionally, Hecate’s management team led the partnership for a 400 MW solar PPA with CPS Energy of San Antonio, Texas—the largest municipal solar development in the U.S. Wilsona Solar is a 26 MW project, with expected annual energy deliveries of 75,000 MWh (approximately 7.5% of the City’s energy needs) in the first year of the contract term . As with any solar PV plant, the annual output is expected to decline at a rate of about 0.5% per year due to solar panel degradation effects. The project is expected to begin commercial operations Page 9 of 15 in the first half of 2021, and will interconnect to the California Independent System Operator (CAISO) grid as a Full Capacity Deliverability Status (FCDS) resource, which means that the City will be able to claim capacity value from the project. The project will be sited on disturbed agricultural land about 20 miles east of the City of Palmdale in Los Angeles County, and will interconnect at the Wilsona Substation. The Wilsona PPA is structured as a 25-year base contract term, followed by three separate five- year extension term options that can be exercised by Palo Alto in its sole discretion. The negotiated price for the PPA is $36.76 per MWh for the entire term of the contract, which is about 47% lower than the price of the lowest cost solar PPA that was approved by the Council5. As of today, the green premium for a 40-year contract term is significantly lower than that of a 25-, 30-, or 35-year term. For this reason, and assuming the development of the project proceeds according to plan, it appears likely that the City will want to exercise all three contract term extension options. Staff therefore seeks Council authorization to exercise all three options, which would extend the 25-year base contract to a full 40-year contract term for the City. Staff also requests that Council delegate authority to the City Manager to exercise the extension term options, so that the City may act expeditiously if staff determines that it is in the City’s best interest to exercise each option near the end of the then -current contract term. Delegation of such authority to the City Manager is permissible under section 2.30.290 of the Palo Alto Municipal Code. D. Contract Mechanisms for Mitigating Project Risks With any new, or “greenfield,” electric generation resource there is a risk that th e project will not be built, will come online later than scheduled, or will stop performing at some point after it comes online. The Wilsona project, in particular, due to its planned 2021 start date, is at a relatively early stage of development and therefore can be considered at greater risk than other, more advanced projects. To mitigate these risks, the City has negotiated the inclusion of very sizable development and performance assurance deposits in this PPA. Also, as with all PPAs, this agreement is structured so that the City pays only for metered output from the project after it has been delivered each month. This structure minimizes the City’s exposure to operational, maintenance, and counterparty default risks in the contract. For this project, HEPA will provide a development assurance deposit of $5.2 million (in the form of a letter of credit), or $200/kW of installed capacity, which will be available to the City, and withheld from the developer, if the project misses the commercial operation timing milestone . The development deposit provides an incentive to the developer to complete the project on time. It also provides compensation to the City should the project suffer unexcused delays or fail to materialize. Due to the extended length of time before the Wilsona project begins 5 The levelized price for the Hayworth Solar PPA approved in June 2015 is $68.72 per MWh for the 34-year term (assuming both extension term options are exercised). (See Staff Report 4791, Resolution 9416.) Page 10 of 15 operating, staff negotiated a significantly greater development assurance amount under this PPA compared to prior ones6 in order to offset the increased development risk. After the start of commercial operations, HEPA will provide a $2.6 million performance assurance deposit (also in the form of a letter of credit), or $100/kW of installed capacity, which will be available to the City, and withheld from HEPA, if certain performance measures are not met. The performance deposit provides an added incentive for the operator to maintain the project output and provides compensation to the City should performance be less than expected, which would require the City to secure replacement renewable energy. In addition to risks related to project development, operations, and counterparty default, it should also be noted that there is a risk that in the future the CAISO could impose additional fees on the owners or off-takers of resources with highly intermittent output such as the Wilsona project. As more solar and wind resources are added to the state’s generation mix in the coming years to meet the new 50% RPS mandate, the cost of managing the intermittency of these resources and ensuring the stability of the electric grid will likely increase, and it is possible that this additional cost will be passed on to the owners of the resources that are driving the cost increases. On the other hand, it is also possible that these cost increases would be spread evenly across all CAISO load-serving entities, regardless of the level of intermittency of their generation portfolios. While it is important to acknowledge the potential for future cost increases as a result of executing this agreement, it should also be noted that it is highly unlikely that these cost increases would be great enough to make the Wilsona project less attractive to the City than a non -intermittent alternative (i.e., a geothermal or biomass project) based on the response to the City’s recent renewable energy RFP. E. Energy Risk Manager’s Assessment The Energy Risk Manager (ERM) was involved in the final stages of the RFP evaluation process when two final candidates were being considered. The ERM analyzed the creditworthiness of each counterparty and provided the results to the RFP selection team. Credit assessments were performed on the companies providing financing for the projects. HEPA’s financial backer is Hecate Energy. The ERM assessed the expected default frequency (EDF) of Hecate using Moody’s credit measure tool, which extracts credit signals by combining information from the equity markets with the company’s debt structure as reported on its financial statements. This analysis yielded an EDF of 1.02 percent (meaning that there is an estimated one in 98 chance of default by the company within the next year). The risks to the City of entering into the proposed PPA are that the suppl ier defaults or is unable to perform according to the terms of the contract. If this occurs, the City might need to buy renewable energy from another supplier in order to meet its RPS obligations under state 6 Under the City’s other five solar PPAs, the development assurance amounts range from $20/kW to $75/kW of installed generating capacity. Page 11 of 15 law or to meet the City’s RPS and Carbon Neutral goals. These risks are minimized by the following terms of the proposed PPA:  The City is not at risk for paying for output that is not delivered. The City will make no payments under the PPA unless and until energy from the project is delivered to the Cit y.  The supplier’s development assurance deposit funds provide some degree of comfort that the project will be completed. If it is not, then the City would be able to access the development deposit funds of up to $5.2 million to help offset the cost of proc uring replacement renewable energy.  Once the project becomes operational, the unclaimed development deposit funds will be returned to HEPA. At the same time, a new performance assurance deposit will be posted by HEPA and can be used by the City to cover op erational and performance risk. Staff believes this amount ($2.6 million) is sufficient to cover these risks given that the operating costs for solar plants are much lower than their operating revenues; thus project owners tend to keep their projects operating. In general, businesses in the renewable industry lack extensive financial and operational track records, and because of the capital-intensive nature of these projects, they tend to be highly leveraged as well. Hecate Energy is no exception; thus, it is not investment-grade and has a higher projected default rate than the City’s other (non renewable) electric and gas suppliers. However, under the terms of the Wilsona PPA, if the project does not come to fruition according to the construction start and commercial operation date milestones set forth in the PPA or if the supplier defaults at any time during the term of the agreement, the City can access the then-current development assurance funds provided by the letter of credit. For these reasons, staff recommends that the Council waive the investment-grade credit requirement for public agency contracts required under Section 2.20.340(d) of the Palo Alto Municipal Code. This conforms to Council action on prior renewable resource contracts with similar characteristics (CMR:461:04, CMR:100:05, CMR:350:05, CMR:343:09, CMR:226:10, Staff Report 3223, Staff Report 3845, and Staff Report 4791). F. Palo Alto’s Renewable Resource Portfolio with Wilsona The City has made commitments to renewable resources projected to provide 57.7% of its energy from qualified renewable resources by 2017. However, in May 2021 the City’s PPA for the Shiloh I wind project—which was executed in 2006, and is one of its larger PPAs—is set to expire. Three more PPAs are then set to expire in 2028 and 2029. If the Wilsona solar project is added to the City’s renewables portfolio, Palo Alto’s renewable resources would be expected to provide about 57.5 % of total sales in 2022. Additionally, the Wilsona project would enable the City to meet its Carbon Neutral Plan goal as well as the state’s 50% RPS mandate through 2028. Figure 3 illustrates the City’s existing renewable resource commitments, with the Wilsona project included as a “pending” resource. Also shown are reference lines indicating the level of renewables that would be needed to achieve a 50% RPS, and the level that would produce a carbon neutral electric supply portfolio. (The volume of renewable energy certificates (RECs) Page 12 of 15 that need to be procured each year in order for the City to achieve a 100% carbon neutral electric supply portfolio is shown as well. The large volume of RECs required from 2013 through 2016 is largely due to the impacts of the current drought, which has reduced the output of the City’s two hydroelectric resources.) These reference lines indicate that the inclusion of Wilsona in the City’s renewable resources portfolio would enable the City to achieve greater than a 50% RPS level and a 100% carbon neutral supply portfolio through long-term renewable and hydro resources through 2028, even under slightly dry hydrological conditions7. Figure 3 – Palo Alto’s Renewable Resources with Wilsona As indicated in Figure 3, staff projects that adding the Wilsona PPA to the City’s renewables portfolio would cause a surplus of carbon neutral electric supplies from 2026 through 2028. However, this will be true only if hydrologic conditions are close to (or wetter than) the long- term average level and all of the renewable resources that the City has contracted for that are still under development (plus the Wilsona project) are completed on-time and deliver the 7 Note that the City’s electric needs may change over time from the forecast shown in Figure 3. Load forecasts are updated annually and staff is aware of pressures lowering needs due to energy efficiency improvements from appliance standards and increasingly stringent building codes as well as increasing local generation, p articularly from rooftop PV systems. On the other hand, increasing attention to electrification of natural gas using appliances such as water and space heaters as well as increasing penetration of EVs have an upward pressure on electric loads. Regardless of load trends, staff is confident that sufficient renewable supplies can be secured to meet future RPS requirements and carbon neutral goals. Page 13 of 15 expected amount of energy to the City. As the year 2013 through 2016 data points on the carbon neutral reference line indicate, “dry hydro” years are becoming increasingly common in northern California, and they can have a tremendous negative impact on the output of the City’s hydroelectric resources. In such years, even the addition of the Wilsona PPA and all of the other contracted resources that are still under development would not be sufficient to achieve a carbon neutral supply portfolio without the purchase of RECs. Also, it is the City’s experience that some renewable energy projects that are contracted for experience significant development delays, or end up not being built at all. The City’s experience in this regard is consistent with the broader renewables market. The California Energy Commission, for instance, has estimated the failure rate for renewables contracts to be between thirty and forty percent.8 The City itself has cancelled three renewable PPAs it executed since the projects did not proceed as planned. If, however, the City’s carbon neutral electric supply portfolio exceeds the amount of generation needed to achieve carbon neutrality in any given year, the City would have the ability to either “bank” the RECs associated with that generation for use in a later time period, or sell the surplus into the short-term markets. Prices for short-term REC sales are currently expected to be fairly advantageous for the City over the long -term, so these surplus positions would likely result in little if any financial loss for the City. Section D.1 of the City’s Energy Risk Management (ERM) Policy prohibits speculative buying and selling of energy products. Under the ERM Policy, “speculation” is defined as “buying energy not needed for meeting forecasted load or selling energy that is not owne d.” Because the Wilsona project has the potential to lead to surplus electric purchases, including du ring the 2026 through 2028 time period, staff recommends that the UAC recommend that Council waive application of the ERM Policy’s anti-speculation requirement to the City’s participation in the Wilsona PPA. Staff’s recommendation is based on the information set forth above, including the variability of the City’s hydroelectric resources and potential uncertainties associated with the viability and timeliness of renewable energy projects in the City’s portfoli o that are currently under development. Table 2 provides a summary of renewable energy project volumes and the associated annual green premium amounts for the City’s committed renewable energy supplies as well as the PPA under consideration. As shown in the table, the annual green premium for the Wilsona PPA is estimated at -$1.1 million. This means that the contract will is expected to cost the City $1.1 million per year less than brown power purchases would, based on current forward projections for brown power costs. If Council approves the Wilsona PPA, the total rate impact for all renewable supplies would be only 0.123¢/kWh—well within the 0.5¢/kWh rate impact limit Council established for the RPS goal. 8 According to the CEC: “Data from the Energy Commission’s [Investor Owned Utility] contract database indicates that since the start of the RPS Program, about 30 percent of long-term RPS contracts (10 years or more) approved by the California Public Utilities Commission (CPUC) have been cancelled. The contract failure rate increases to about 40 percent when also considering contracts that have been delayed.” California Energy Commission. 2011 Integrated Energy Policy Report. Publication Number: CEC-100-2011-001-LCF. 2011. Page 14 of 15 Table 2 – Summary of the City’s Current Renewable Energy Supplies and the Proposed Project Delivery Begins Annual Generation (GWh) Levelized Price ($/MWh) Adjusted Brown Market Price ($/MWh) Green Premium ($/MWh) Total Annual Green Premium ($1000) Small Hydro Before 2000 10.0 N/A N/A 0 0 High Winds Dec. 2004 48.2 57.6 55.0 2.6 123 Shiloh I Wind Jun. 2006 64.5 63.0 69.5 (6.5) (419) Santa Cruz Feb. 2006 9.9 62.3 59.3 3.0 29 Ox Mountain Apr. 2009 43.9 59.0 67.5 (8.5) (375) Keller Canyon Aug. 2009 14.9 70.9 83.9 (13.0) (194) Johnson Canyon Mar. 2013 10.4 123.6 67.3 56.3 588 San Joaquin Jun. 2013 30.3 118.1 75.6 42.4 1,285 Kettleman Jul. 2015 53.5 77.0 60.1 16.9 903 Hayworth Solar Oct. 2015 63.7 68.7 65.0 3.7 234 Elevation Dec. 2016 100.8 68.8 72.7 (4.0) (399) W. Antelope Dec. 2016 50.4 68.8 69.2 (0.4) (22) Frontier Solar Dec. 2016 52.5 69.0 67.1 1.9 98 Total Committed Projects 553 Total Committed Green Premium 1,852 Wilsona Jun. 2021 75 36.8 51.4 (14.6) (1,095) Total with Wilsona (but without Shiloh) 563 Total Green Premium with Wilsona (without Shiloh) 1,176 * * The annual green premium associated with a rate impact of 0.5¢/kWh is equal to $4.8 million NEXT STEPS The Wilsona PPA has been reviewed and approved by staff and by the City Attorney’s Office. The PPA has also been executed by the supplier and sent to the City for execution once approved by Council. Staff plans to seek a Finance Committee recommendation for Council approval in December. If recommended by the Finance Committee, staff plans to seek Council approval of the PPA by early next year. RESOURCE IMPACT The cost of renewable energy supplies from Wilsona is expected to be up to $101 million over the 40-year term of the agreement (if all three extension options are exercised). The annual expected cost is up to $2.8 million. Approval of the PPA would result in a retail rate impact from all renewable resources, including the Wilsona project, of up to 0.12¢/kWh in 2022. The expected future cost for procuring renewable resources to meet the City’s RPS goal is already included in the current five-year financial forecast. POLICY IMPLICATIONS Approval of the proposed PPA is in conformance with the City's Long-term Energy Acquisition Plan (LEAP), specifically the City's Renewable Portfolio Standard to meet at least 33% of the electric sales from renewable energy by 2015. Approval of the proposed PPA would also further the City's efforts to achieve a carbon neutral electric supply portfolio entirely through the acquisition of additional "hard resources" that supply the City with both energy and environmental attributes. ENVIRONMENTAL REVIEW Approval of this agreement does not meet the definition of a project under the California Environmental Quality Act (CEQA), pursuant to Public Resources Code Section 21065. However, the City intends to receive output from a project that will constitute a project for the purposes of CEQA. The project developer will be responsible for acquiring necessary environmental reviews and permits on the project to be developed. During the development phase of the project, the PPA allows for the City to review the project CEQA documents and the project's environmental impacts. If the City determines that the project will have a si gnificant negative environmental impact, it can require HEPA to develop and implement a remediation plan in order to mitigate these impacts. ATTACHMENTS: A. Resolution of the Counci l of the City of Palo Alto Approving a Long Term Power Purchase Agreement with Hecate Energy Palo Alto LLC for the Purchase of Solar Electricity B. Power Purchase Agreement with Hecate Energy Palo Alto LLC PREPARED BY: REVIEWED BY: APPROVED BY: ~STACK, Senior Resource Planner 0~%:ant Director, Resource Management EDSHIKADA Assistant City Manager/Interim Director of Utilities Page 15of15 * NOT YET APPROVED * Resolution No. _________ Resolution of the Council of the City of Palo Alto Approving a Long Term Power Purchase Agreement with Hecate Energy Palo Alto LLC for the Purchase of Solar Electricity A. On April 16, 2012, Council approved an update to the Long-term Electric Acquisition Plan’s (LEAP) strategy related to the Renewable Portfolio Standard (RPS). The updated strategy specifies that the City’s objective is to reduce the carbon intensity of the electric portfolio by pursuing a minimum level of renewable purchases of at least 33 percent of retail electricity sales by 2015 within a rate impact cap of 0.5 cents per kilowatt-hour. B. On March 4, 2013, Council approved a Carbon Neutral Plan, which enabled the City to achieve a carbon neutral electric supply portfolio starting in calendar year 2013. C. On October 7, 2015, the Governor approved Senate Bill (“SB”) 350, which requires that all retail sellers of electricity in California, including publicly-owned utilities, serve 50 percent of their retail electricity sales with renewable energy by 2030. D. The City is interested in purchasing power generated by renewable resources for the benefit of its electric customers. E. By purchasing renewable energy resources, the City will help reduce the production of greenhouse gases, will meet its RPS requirements under SB 350 and LEAP, and will meet its Carbon Neutral Plan goals. F. Hecate Energy Palo Alto LLC (“HEPA”) through its parent company, Hecate Energy LLC, proposed its project, the Wilsona solar photovoltaic plant, in response to the City’s Request for Proposals 156876 (“RFP”) in May 2015. Its proposal is highly competitive with other RFP respondent proposals. G. The execution of a power purchase agreement (“PPA”) with HEPA is anticipated to enable the City to meet a seven and a half percent portion of its goal of sourcing at least 33 percent of its electric needs from renewable resources and its goal to implement the Carbon Neutral Plan. H. Under the terms of this PPA, the City is allocated a 100 percent share of the power from HEPA’s solar project located in Los Angeles County, California, which will yield approximately 26 megawatts of plant net output when completed. I. The PPA is for a twenty-five year base contract term and will allow the City to extend the PPA at its sole option for up to three additional five-year terms. ATTACHMENT A * NOT YET APPROVED * J. The City’s participation in the Hecate Energy Palo Alto PPA may result in surplus electric purchases that are inconsistent with the anti-speculation requirement of section D.1 of the City’s existing Energy Risk Management Policy, due to variability of the City’s hydroelectric resources, and potential uncertainties associated with the timeliness and viability of the renewable energy projects in the City’s portfolio still under development. The Council of the City of Palo Alto does RESOLVE as follows: SECTION 1. The Council approves the power purchase agreement (PPA) between Hecate Energy Palo Alto LLC, as seller, and the City of Palo Alto, as buyer. The delivery term of the PPA is up to forty (40) years, commencing upon the commercial operation date of the planned electric generation facility, which date is expected to be no later than June 1, 2021. The City will receive a 100 percent share of the facility’s net output. Spending authority under the PPA shall not exceed one hundred one million dollars ($101,000,000). SECTION 2. The Council delegates to the City Manager, or his designee, the authority to execute the PPA with Hecate Energy Palo Alto LLC on behalf of the City, and the authority to execute any documents necessary to administer the PPA that are consistent with the Palo Alto Municipal Code and City Council approved policies. SECTION 3. As permitted by section 2.30.290 of the Palo Alto Municipal Code, the Council delegates to the City Manager, or his designee, the authority to exercise the three extension term options, to extend the twenty-five year base contract to a full forty year contract term for the City. SECTION 4. With respect to the Council’s award of the PPA referred to in Section 1 above, the Council waives the creditworthiness requirements of Palo Alto Municipal Code section 2.30.340(c), as that requirement may apply to Hecate Energy Palo Alto LLC. SECTION 5. With respect to the Council’s award of the PPA referred to in Section 1 above, the Council waives the anti-speculation requirement of Section D.1 of the City’s existing Energy Risk Management Policy, as that requirement may apply to surplus electricity purchases caused by the City’s participation in the PPA with Hecate Energy Palo Alto LLC. SECTION 6. The Council’s approval of this PPA does not meet the definition of a project under the California Environmental Quality Act (CEQA), pursuant to Public Resources Code Section 21065. However, the City intends to receive output from a project that will constitute a project for the purposes of CEQA. The project developer will be res ponsible for acquiring necessary environmental reviews and permits on the project to be developed. During the development phase of the project, the City will become a “responsible agency” under the CEQA proceedings. As such, the PPA allows for the City to review the project CEQA documents and issue a notice of determination with respect to its review of the projects. Staff anticipates working with the City Attorney’s Office and the Planning Department to undertake this assessment and make a determination. * NOT YET APPROVED * INTRODUCED AND PASSED: AYES: NOES: ABSENT: ABSTENTIONS: ATTEST: ___________________________ ___________________________ City Clerk Mayor APPROVED AS TO FORM: APPROVED: ___________________________ ___________________________ Senior Deputy City Attorney City Manager ___________________________ Director of Utilities ___________________________ Director of Administrative Services Execution Version POWER PURCHASE AGREEMENT Between The City of Palo Alto (as “Buyer”) and Hecate Energy Palo Alto LLC (as “Seller”) Dated as of _______________, 2016 ATTACHMENT B TABLE OF CONTENTS – Page i TABLE OF CONTENTS PREAMBLE ......................................................................................................................1 RECITALS ......................................................................................................................1 GENERAL TERMS AND CONDITIONS .................................................................................1 ARTICLE I: DEFINITIONS; RULES OF INTERPRETATION ...............................................1 1.1 Definitions. .........................................................................................................1 1.2 Rules of Interpretation. ...................................................................................... 17 ARTICLE II TERM, PURCHASE AND SALE ....................................................................... 18 2.1 Conditions Precedent to Commencement of Term of Agreement ....................... 18 2.2 Agreement Term, Delivery Term, Acceleration and Extension .......................... 18 2.3 Purchase and Sale of the Output ........................................................................ 20 2.4 Price.................................................................................................................. 21 2.5 Test Energy ....................................................................................................... 22 2.6 Environmental Attributes .................................................................................. 22 2.7 Resource Adequacy........................................................................................... 23 2.8 Tax Credits and Incentives. ............................................................................... 23 2.9 CEQA. .............................................................................................................. 24 2.10 Right of First Refusal for Expansion Plant and Expansion Plant Output . ........... 25 2.11 Refurbishment o f Plant...................................................................................... 26 ARTICLE III METERING AND BILLING ............................................................................. 27 3.1 Metering Requirements. .................................................................................... 27 3.2 Billing. .............................................................................................................. 28 3.3 Payment ............................................................................................................ 29 3.4 Billing Agent. ................................................................................................... 29 ARTICLE IV SELLER'S OBLIGATIONS............................................................................... 29 4.1 Development, Finance, Construction and Operation of the Plant . ...................... 29 4.2 General Obligations. ......................................................................................... 32 4.3 Construction Milestones. ................................................................................... 34 4.4 Milestone Excused Delay and Liquidated Damages........................................... 36 4.5 Obligation to Schedule and Deliver. .................................................................. 37 4.6 Output Obligations, Performance LDs and Buyer’s Right to Operate. ............... 40 ARTICLE V BUYER’S OBLIGATIONS ................................................................................ 42 5.1 Delivery and Transmission. ............................................................................... 42 5.2 Taxes. ............................................................................................................... 42 5.3 Notification of Transmission Outages. .............................................................. 42 ARTICLE VI FORCE MAJEURE ........................................................................................... 43 6.1 Remedial Action. .............................................................................................. 43 6.2 Notice. .............................................................................................................. 43 6.3 Termination Due To Force Majeure Event . ....................................................... 43 TABLE OF CONTENTS – Page ii ARTICLE VII DEFAULT, REMEDIES AND TERMINATION ............................................ 44 7.1 Events of Default by Buyer. .............................................................................. 44 7.2 Events of Default by Seller................................................................................ 44 7.3 Termination for Default. ................................................................................... 45 7.4 Limitation of: Remedies, Liability and Damages. .............................................. 47 ARTICLE VIII REPRESENTATIONS AND WARRANTIES................................................. 48 8.1 Seller’s Representations and Warranties. ........................................................... 48 8.2 Buyer Representations and Warranties. ............................................................. 50 8.3 Covenants ......................................................................................................... 50 ARTICLE IX DEVELOPMENT, INTERIM AND PERFORMANCE ASSURANCE ............. 51 9.1 Grant of Security Interest/Remedies. ................................................................. 51 9.2 Development Assurance, Interim Assurance and Perfo rmance Assurance. ........ 52 9.3 Letter of Credit.................................................................................................. 54 ARTICLE X MISCELLANEOUS ........................................................................................... 56 10.1 Indemnification. ................................................................................................ 56 10.2 Assignment. ...................................................................................................... 57 10.3 Notices. ............................................................................................................. 58 10.4 Electronic Transmission .................................................................................... 59 10.5 Captions. ........................................................................................................... 59 10.6 No Third Party Beneficiary. .............................................................................. 59 10.7 No Dedication ................................................................................................... 59 10.8 Entire Agreement; Integration; Amendments..................................................... 59 10.9 Applicable Law. ................................................................................................ 60 10.10 Venue. .............................................................................................................. 60 10.11 Rule of Construction. ........................................................................................ 60 10.12 Attorneys’ Fees and Costs. ................................................................................ 60 10.13 Nature of Relationship. ..................................................................................... 61 10.14 Good Faith and Fair Dealing; Reasonableness. .................................................. 61 10.15 Severability. ...................................................................................................... 61 10.16 Confidentiality. ................................................................................................. 61 10.17 Cooperation. ..................................................................................................... 63 10.18 Audit. ................................................................................................................ 63 10.19 Mobile Sierra Doctrine. ..................................................................................... 63 10.20 Counterparts...................................................................................................... 63 10.21 Debt Liability Disclaimer. ................................................................................. 63 10.22 No Implied Waiver of Breach............................................................................ 64 SIGNATURE PAGE ................................................................................................................ 65 TABLE OF CONTENTS – Page iii EXHIBITS The following Exhibits constitute a part of this Agreement and are incorporated into this Agreement by reference: EXHIBIT A PLANT DESCRIPTION AND SITE DRAWINGS EXHIBIT B ENVIRONMENTAL ATTRIBUTE TRANSFER FROM SELLER TO BUYER EXHIBIT C INSURANCE COVERAGES EXHIBIT D SCHEDULING PROTOCOLS EXHIBIT E-1 FORM OF MONTHLY PROGRESS REPORT EXHIBIT E-2 COD CERTIFICATION EXHIBIT F-1 FORM OF LETTER OF CREDIT EXHIBIT F-2 FORM OF LENDER CONSENT AGREEMENT EXHIIBT G EXPECTED ANNUAL ENERGY PRODUCTION EXHIBIT H SELLER DOCUMENTATION CONDITIONS PRECEDENT POWER PURCHASE AGREEMENT - Page 1 of 65 POWER PURCHASE AGREEMENT PREAMBLE This Power Purchase Agreement, together with the exhibits referenced herein, is made and entered into as of the Execution Date, by and between the City of Palo Alto, a California chartered municipal corporation (“Buyer”), and Hecate Energy Palo Alto LLC, a Delaware limited liability company (“Seller”). RECITALS 1. Seller intends to develop, finance, build, own and operate a solar photovoltaic electric generating facility which shall obtain a Full Capacity Deliverability Status Finding from the CAISO as described herein and be located at the Site. 2. Buyer is a municipal utility governed by the City of Palo Alto, by and through its Council, which has all powers necessary and appropriate to a municipal corporation, including but not limited to the authority granted by the City Charter, Article XI, Sec tion 9(a) of the California Constitution, California Government Code Section 39732 and California Public Utilities Code Section 10002, to establish, purchase, and operate public works to furnish its inhabitants with electrical power. Under this authority, Buyer is engaged in the business of delivering electricity to its residential and commercial customers in Palo Alto, California, and buying electricity with the intention of routinely taking physical delivery. 3. Buyer wishes to purchase the Output of the Plant to meet Buyer’s needs at a known price and timing and intends to resell related Energy to its residential and commercial customers. 4. Buyer is willing to purchase, and Seller is willing to sell, the Output of the Plant, on the terms and conditions and at the prices set forth in this Agreement. NOW THEREFORE, in consideration of the recitals above and the following covenants, terms and conditions, the Parties agree: GENERAL TERMS AND CONDITIONS ARTICLE I: DEFINITIONS; RULES OF INTERPRETATION 1.1 Definitions. The following initially capitalized terms, whenever used in this Agreement, have the meanings set forth below unless the context of their use otherwise indicates or they are otherwise defined in other sections of this Agreement. AC: Alternating current. POWER PURCHASE AGREEMENT - Page 2 of 65 Accelerated Contract Delivery Start Date Notice: Has the meaning set forth in Section 2.2(c). Agreement: Means this Power Purchase Agreement between Buyer and Seller, which is comprised of the Preamble, Recitals, these General Terms and Conditions, and all appendices, schedules, exhibits and any written supplements attached hereto and incorporated herein by reference, as well as all written and signed amendments and modifications thereto. Ancillary Services: Has the meaning set forth in the CAISO Tariff. Attorneys’ Fees: Means reasonable attorneys’ fees and costs, including at trial and on appeal, including an amount equal to the fair market value of legal services provided by attorneys employed by it as well as any attorneys’ fees paid to third parties. Availability Standards: Means the program set forth in Section 40.9 of the CAISO Tariff, as it may be amended, supplemented or replaced (in whole or in part) from time to time, setting forth certain standards regarding the desired level of availability for Resource Adequa cy resources and possible charges and incentive payments for performance thereunder. Bankrupt: Means with respect to any entity, such entity (a) files a petition or otherwise commences, authorizes or acquiesces in the commencement of a proceeding or cause of action under any bankruptcy, insolvency, reorganization or similar Law, or has any such petition filed or commenced against it and such case filed against it is not dismissed in sixty (60) calendar days, (b) makes an assignment or any general arrangeme nt for the benefit of creditors, (c) otherwise becomes bankrupt or insolvent (however evidenced), (d) has a liquidator, administrator, receiver, trustee, conservator or similar official appointed with respect to it or any substantial portion of its propert y or assets, or (e) is generally unable to pay its debts as they fall due. Battery Storage Facility: Has the meaning set forth in Section 2.12. Battery Storage Facility Request: Has the meaning set forth in Section 2.12. Business Day: Means any day except a Saturday, Sunday, or a Federal Reserve Bank holiday and shall be between the hours of 8:00 a.m. and 5:00 p.m. local time for the relevant Party’s principal place of business where the relevant Party, in each instance unless otherwise specified, shall be the Party from whom the notice, payment or delivery is being sent and by whom the notice or payment or delivery is to be received. Buyer: Has the meaning in the Preamble, and any successor or permitted assignee. CAISO: The California Independent System Operator Corporation, or its functional successor. CAISO Tariff: The California Independent System Operator Corporation, Fifth Replacement FERC Electric Tariff, as it may be amended, supplemented or replaced (in whole or in part) from time to time. Calculation Period: Means successive periods consisting of two (2) consecutive Contract Years with the first Calculation Period commencing on the Contract Delivery Start Date, and with each POWER PURCHASE AGREEMENT - Page 3 of 65 subsequent Calculation Period commencing on the twelve (12) month anniversary of the commencement of the prior Calculation Period. Calculation Period Deemed Delivered Energy Production: For each Calculation Period, an amount expressed in MWh equal to the sum of (i) the total Output delivered by Seller to the Point of Interconnection in such Calculation Period, plus (ii) the Seller Excused Energy Amount for such Calculation Period. Calculation Period Expected Energy Production : Means an amount expressed as MWh equal to the sum of the Expected Annual Energy Production for the relevant two Contract Years during each Calculation Period. Capacity Attributes: Means any current or future defined characteristic (including the ability to generate at a given capacity level, provide Ancillary Services, and ramp up or ramp down at a given rate), certificate, tag, credit, flexibility, or dispatchability attribute, whether general in nature or specific as to the location or any other attribute of t he Plant, intended to value any aspect of the capacity of the Plant to produce any and all Output, including any accounting construct so that the maximum amount of Initial Capacity of the Plant may be counted toward Resource Adequacy Requirement s or any ot her measure by the CPUC, the CAISO, the FERC, or any other entity invested with the authority under federal or state Law, to require Buyer to procure, or to procure at Buyer’s expense, Resource Adequacy or other such Output. CARB: Means the California Air Resources Board or any successor agency. CEC: Means the California Energy Resources Conservation and Development Commission or any successor agency. CEC Certification and Verification: Means that the CEC has certified (or, with respect to periods before the Plant has commenced commercial operation (as such term is defined by and according to the CEC), that the CEC has pre-certified) that the Plant is an ERR for purposes of the Califor nia Renewables Portfolio Standard and that all Output produced by the Plant qualifies as generation from an ERR for purposes of the Plant. CEQA: The California Environmental Quality Act , as it may be amended from time to time. Change in Law: The enactment or issuance of any new Law, the amendment, alteration, modification or repeal of any existing Law or any authoritative interpretation of any existing Law issued by a competent court, tribunal or Governmental Authority contrary to the existing official interpretation thereof, in each case coming into effect after the Execution Date and which must be complied with in order for the Plant to be constructed and operated lawfully. COD Certification: Seller’s certification of Commercial Operation in the form set forth as Exhibit E-2, duly executed by Seller and its Licensed Professional Engineer. Commercial Operation: The condition of the Plant whereby it is operating and able to produce and deliver the Output to Buyer pursuant to the terms of this Agreement. POWER PURCHASE AGREEMENT - Page 4 of 65 Commercial Operation Date: The date upon which Seller delivers the COD Certification to Buyer in accordance with Section 4.3(d) and thereby notifies Buyer that Commercial Operation has commenced. Commercial Operation Milestone: Has the meaning set forth in Section 4.3(b)(vi). Condition Precedent: Means each of, or one of, the conditions set forth in Section 2.1(a)(i) through (iii), and “Conditions Precedent” shall refer to all of the conditions set forth in Section 2.1(a)(i) through (iii). Conditional Use Permit a permit approving the conditional use for the development, construction and operation of the Plant required and by any Governmental Authority.. Conditional Use Permitting Milestone: Has the meaning set forth in Section 4.3(b)(ii). Confidential Information: Has the meaning set forth in Section 10.16(a). Construction Milestone: Has the meaning set forth in Section 4.3(b)(v). Construction Start Date: The date on which Seller delivers to Buyer a copy of the Notice to Proceed that Seller has delivered to the EPC Contractor for the Plant. Contract Delivery Start Date: Has the meaning set forth in Section 2.2(b)(i), or, if accelerated, the meaning set forth in Section 2.2(c). Contract Year: A period of twelve (12) consecutive months, with the first Contract Year commencing at 12:00 a.m. on the Contract Delivery Start Date, and each subsequent Contract Year commencing on the twelve (12) month anniversary of the Contract Delivery Start Date. Contractual Obligations: As to Seller, any material agreement, instrument or undertaking to which Seller is a party or by which it or any of its Plant property is bound. Costs: With respect to a Non-Defaulting Party, (a) brokerage fees, commissions and other similar third party transaction costs and expenses reasonably incurred by such Party either in terminating any arrangement entered into pursuant to this Agreement or entering into new arrangements which replace this Agreement and (b) all Attorneys’ Fees incurred by the Non-Defaulting Party in connection with the termination of this Agreement. CPRA: Has the meaning set forth in Section 10.16(a). CPUC: Means the California Public Utilities Commission or any successor entity. Credit Rating: Means, with respect to any entity, (a) the rating then assigned to such entity’s unsecured senior long-term debt obligations (not supported by third party credit enhancements) or (b) if such entity does not have a rating for its unsecured senior long-term debt obligations, then the rating assigned to such entity as an issuer rating by S&P and/or Moody’s. If the entity is rated by both S&P and Moody’s and such ratings are not equivalent, the lower of the two ratings shall POWER PURCHASE AGREEMENT - Page 5 of 65 determine the Credit Rating. If t he entity is rated by either S&P or Moody’s, but not both, then t he available rating shall determine the Credit Rating. Cure: Has the meaning set forth in Section 9.3(b). DA Price: The resource specific locational marginal price (“LMP”) applied to the PNode applicable to the Plant in the CAISO Day-Ahead Market. Daily LD Amount: For each day or portion of a day for which delay liquidated damages are payable under Section 4.4(b), an amount equal to the total amount of Development Assurance required hereu nder divided by 365. Damage Payment: Means (a) the dollar amount to be posted as Development Assurance pursuant to Section 9.2(a)(i) hereof, less (b) amounts collected by Buyer as the Daily LD Amount pursuant to Section 4.4(b), if any. Day-Ahead Market: Has the meaning set forth in the CAISO Tariff. Defaulting Party: Means the Party that is subject to an Event of Default. Delivery Term: Has the meaning set forth in Section 2.2(b)(i), or if extended, the meaning set forth in Section 2.2(d). Development Assurance: Means the collateral provided by Seller to Buyer to secure Seller’s obligations hereunder in accordance with Sect ion 9.2(a)(i) of this Agreement. Development Progress Report: Means the report similar in form and content attached hereto as Exhibit E-1. Discretionary Curtailment: Has the meaning set forth in Section 4.5(c)(ii)(A). Dispatch Down Period: The period of curtailment of delivery of Output from the Plant that is not Discretionary Curtailment and results from: (a) A curtailment ordered by the CAISO (whether directly or through a Scheduling Coordinator or the Participating Transmission Owner), for any reason, including, but not limited to, any System Emergency, any warning of an anticipated System Emergency, or any war ning of an imminent condition or situation which could jeopardize the CAISO’s or Participating Transmission Owner’s electric system integrity or the integrity of other systems to which the CAISO or the Participating Transmission Owner is connected; (b) A curtailment ordered by the Participating Transmission Owner or distribution operator (if interconnected to distribution or sub-transmission system) for any reason, including but not limited to, (i) any situation that affects normal function of the electric system including, but not limited to any abnormal condition that requires action to prevent circumstances such as equipment damage, loss of load, or abnormal voltage conditions, (ii) any warning, forecast or anticipation of POWER PURCHASE AGREEMENT - Page 6 of 65 conditions or situations that jeopardize the Participating Transmission Owner’s electric system integrity or the integrity of other systems to which the Participating Transmission Owner is connected; or (iii) as a result of scheduled or unscheduled maintenance or construction on the Participating Transmission Owner’s transmission facilities or distribution operator’s facilities that prevents the delivery or receipt of Output to or at the Point of Interconnection; or (c) A curtailment in accordance with Seller’s obligations under its Interconnection Agreement with the Participating Transmission Owner or distribution operator; provided, that any of the foregoing events (a) through (c) shall not have been solely caused by the acts or omissions of Buyer. Distribution Upgrades: Has the meaning set forth in the CAISO Tariff. EA Agency: Any local, state or federal entity, or any other Person, that has responsibility for or jurisdiction over a program involving transferability of Environmental Attributes, including, without limitation, the Clean Air Markets Division of the United States Environmental Protection Agency (together with any successor agency, the “EPA”), the CEC, the CPUC, CARB, and any successor commission or agency thereto. Early Termination Date: Has the meaning set forth in Section 7.3(a)(i). Electric System Upgrades: Means any Network Upgrades, Distribution Upgrades, or Interconnection Facilities that are determined to be necessary by the CAISO or Participating Transmission Owner, as applicable, to physically and electrically interconnect the Plant to the Participating Transmission Owner’s electric system for receipt of Energy a t the Point of Interconnection. Eligible Intermittent Resource: Has the meaning set forth in the CAISO Tariff. Eligible Intermittent Resource Protocols or EIRP: Has the meaning set forth in the CAISO Tariff, including but not limited to Appendix Q attached thereto. Eligible LC Bank: Means either a U.S. commercial bank, or a foreign bank issuing a Letter of Credit through its U.S. branc h; and in each case the issuing U.S. commercial bank or foreign bank must be acceptable to Buyer in its sole discretion and such bank must have a Credit Rating of at least: (a) “A-, with a stable designation” from S&P and “A3, with a stable designation” from Moody’s, if such bank is rated by both S&P and Moody’s; or (b) “A-, with a stable designation” from S&P or “A3, with a stable designation” from Moody’s, if such bank is rated by either S&P or Moody’s, but not both, even if such bank was rated by both S &P and Moody’s as of the date of issuance of the Letter of Credit but ceases to be rated by either, but not both of those ratings agencies. Eligible Renewable Energy Resource: Has the meaning set forth in California Public Utilities Code Section 399.12 and California Public Resources Code Section 25741, as either code provision is amended or supplemented from time to time. POWER PURCHASE AGREEMENT - Page 7 of 65 Energy: Means three-phase, 60-cycle alternating current electric energy measured in MWh and net of auxiliary loads and station electrical uses (unless otherwise specified). For purposes of the definition of “Environmental Attributes”, the word “energy” shall have the meaning set forth in this definition. Environmental Attributes: Any and all credits, benefits, emissions reductions, offsets, and allowances, howsoever entitled, attributable to the generation from the Plant or Expansion Plant(s) (to the extent of sales to Buyer of Expansion Plant Output pursuant to Section 2.10), and its displacement of conventional energy generation. Environmental Attributes include, without limitation, Renewable Energy Credits, and all of the following: (a) any avoided emissions of pollutants to the air, soil or water such as sulfur oxides (SOx), nitrogen oxides (NOx), carbon monoxide (CO) and other pollutants; (b) any avoided emissions of carbon dioxide (CO2), methane (CH4) and other greenhouse gases (GHGs) that have been determined by the United Nations Intergovernmental Panel on Climate Change to contribute to the actual or potential threat of altering the Earth’s climate by trapping heat in the atmosphere; and (c) the reporting rights to these avoided emissions such as Environmental Attributes Reporting Rights. Environmental Attributes Reporting Rights: The rights of a purchaser of Environmental Attributes to report the ownership of accumulated Environmental Attributes in compliance with federal or state law, if applicable, and to a federal or state agency or any ot her party at the discretion of the Environmental Attributes’ purchaser, and include without limitation those Environmental Attribute Reporting Rights accruing under Section 1605(b) of the Energy Policy Act of 1992 and any present or future federal, state, or local law, regulation or bill, and international or foreign emissions trading program. Environmental Attributes are accumulated on a kWh basis and one Environmental Attribute represents the amount of Environmental Attributes associated with one (1) MWh of Energy. Environmental Attributes do not include (i) any Energy, capacity, reliability or other power attributes from the Plant or Expansion Plant(s), if any, or (ii) tax credits associated with the construction or operation of the Plant, Expansion Plant (s), if any, or any other associated contract or right, and other financial incentives in the form of credits, rebates, reductions, or allowances associated with the Plant, Expansion Plant(s), if any, or any other associated contract or right, that are applicable to a state or federal income taxation obligation. Environmental Laws: Any and all federal, state and local laws, including statutes, regulations, rulings, orders, administrative interpretations and other governmental restrictions and requirements relating to the discharge of air pollutants, water pollutants or process waste water or otherwise relating to the environment or hazardous substances, as amended from time to time. EPA: Has the meaning set forth in the definition of EA Agency. EPC Cont ract: The Seller’s engineering, procurement and construction contract with the EPC Contractor. EPC Contractor: An engineering, procurement, and construction contractor, or if not utilizing an engineering, procurement, and construction contractor, the ent ity having lead responsibility for the management of overall construction activities, selected by Seller, with substantial experience in the engineering, procurement, and construction of utility-scale solar photovoltaic power plants. POWER PURCHASE AGREEMENT - Page 8 of 65 ERR: Has the meaning set forth in the definition of Eligible Renewable Energy Resource. Event of Default: Has the meanings set forth in Section 7.1 as to Buyer, and Section 7.2 as to Seller. Execution Date: Means the date on which all of the Conditions Precedent set forth in Section 2.1(a) have been satisfied or waived in writing by both Parties. Expansion Plant: Any expansion of the Plant from its Initial Capacity, or any other electricity generating facility owned or controlled by Seller or its affiliates, located at the Site. Each such expansion of the Plant or additional facility shall be deemed to be an “Expansion Plant.” Expansion Plant Output: All capacity, Output, associated Environmental Attributes, Ancillary Services, contributions towards Resource Adequacy or reserve requirements (if any) and any other reliability or power attributes produced by Seller at any Expansion Plant. Expected Annual Energy Production: Means an amount expressed as MWh equal to the expected Energy associated with the Output to be produced by the Plant based on its Expected Initial Capacity for each Contract Year during the Delivery Term, including degradation, as set forth on Exhibit G. Expected Initial Capacity: Has the meaning set forth in Section 2.3(c)(i). Extended Delivery Term: Has the meaning set forth in Section 2.2(d). Extended Delivery Term Option Exercise Notice: Has the meaning set forth in Section 2.2(d). FCDS Finding Milestone: Has the meaning set forth in Section 4.3(b)(vii). FERC: The Federal Energy Regulatory Commission and any successor organization. Financing Milestone: Has the meaning set forth in Section 4.3(b)(iv). Force Majeure Event: Any act, event or circumstance that wholly or partly delays or prevents a Party from timely performing obligations under this Agreement or from complying with conditions required under this Agreement , only to the extent that such act, event or circumstance is (x) reasonably unforeseeable, (y) directly or indirectly beyond the reasonable control of and without the fault or negligence of, or caused by, the Party relying thereon as justification for such delay, nonperformance, or noncompliance, and (z) the Party seeking to have its performance obligation(s) excused thereby has taken all reasonable precautions and measures in order to prevent or avoid such event or mitigate the effect of such event on such Party’s ability to perform its obligations under this Agreement and which by the exercise of due diligence such Party could not reasonably have been expected to avoid and has been unable to overcome. (a) Subject to the foregoing, events that could qualify as Force Majeure Events include the following: POWER PURCHASE AGREEMENT - Page 9 of 65 (i) acts of God or the elements, extreme or severe weather conditions, explosion, fire, epidemic, landslide, mudslide, sabotage, lightning, earthquake, flood or similar cataclysmic event ; (ii) war (declared or undeclared), blockade, civil insurrection, riot, civil disturbance, acts of the public enemy (including acts of terrorism), sabotage, revolution, expropriation or confiscation; (iii) except in the case of (b)(vii) below, strike, work stoppage or other labor dispute or difficulty caused or suffered by a Party (in which case the affected Party shall have no obligation to settle the strike or labor dispute on terms it deems unreasonable); (iv) any restraint or restriction imposed by Law or other acts or omissions of Governmental Authorities, whether federal, st ate or local, which by the exercise of due diligence and in compliance with applicable Law a Party could not reasonably have been expected to avoid and to the extent which, by exercise of due diligence and in compliance with applicable Law, such Party has been unable to overcome (so long as the affected Party has not applied for or assisted such act by a Governmental Authority); (v) emergencies declared by the Transmission Provider or any other authorized successor or regional transmission organization or any state or federal regulator or legislature requiring a forced curtailment of the Plant or making it impossible for the Transmission Provider to transmit Energy, including Energy to be delivered pursuant to this Agreement; provided that, if a curtailment of the Plant pursuant to this subsection (a)(v) would also meet the definition of a Dispatch Down Period, then it shall be treated as a Dispatch Down Period for purposes of this Agreement; or (b) A “Force Majeure Event” shall not include: (i) economic conditions that render a Party’s performance of this Agreement at the Price unprofitable or otherwise uneconomic (including Buyer’s ability to buy Energy or Environmental Attributes at a lower price, or Seller’s ability to sell Energy or Environmental At tributes at a higher price, than the Price); (ii) a governmental act by Buyer that delays or prevents Buyer from timely performing its obligations under this Agreement; (iii) a Plant equipment failure, except where such failure is caused by a Force Majeure Event of the specific type described in any of subsections (a)(i) through (a)(v) above; (iv) failure or delay in grant of Permits or approvals of any type for the construction, operation or maintenance of the Plant , except where such POWER PURCHASE AGREEMENT - Page 10 of 65 failure is caused by a Force Majeure Event of the specific type described in any of subsections (a)(i) through (a)(v) above ; (v) Discretionary Curtailment; (vi) failures or delays by the Participating TO and/or the CAISO in entering into, or performing under, any agreements with Seller contemplated by this Agreement; (vii) a strike, work stoppage or labor dispute limited only to any one or more of Seller, Seller’s affiliates, the EPC Contractor or subcontractors thereof or any other third party employed by Seller to work on the Plant; (viii) a Party’s inability to pay amounts due to the other Party under this Agreement, except if such inability is caused solely by a Force Majeure event that disables physical or electronic facilities necessary to tr ansfer funds to the payee Party; (ix) Seller’s failure to obtain additional funds, including funds authorized by a state or the federal government or agencies thereof, to supplement the payments made by Buyer pursuant to this Agreement; (x) Seller’s inability to obtain sufficient fuel, power or mat erials to operate the Plant, except where such failure is caused by a Force Majeure Event of the specific type described in any of subsections (a)(i) through (a)(v) above ; (xi) a Forced Outage except where such Forced Outage is caused by an event of Force Majeure of the specific type described in any of subsections (a)(i) through (a)(v) above; or (xii) a failure to complete, or a delay in completing, interconnection or Electric System Upgrades by the Commercial Operation Milestone, including by any third party. Forecasting Service: Has the meaning set forth in Section 4.5(d). Forced Outage: Means any unplanned reduction or suspension of the electrical output from the Plant or unavailability of the Output in whole or in part from a unit in response to a mechanical, electrical, or hydraulic control system trip or operator -initiated trip in response to an alarm or equipment malfunction and any other unavailability of a unit for operation, in whole or in part, for maintenance or repair that is not a Planned Outage and not the result of Force Majeure. FPA: Has the meaning set forth in Sectio n 8.1(c)(i). Full Capacity Deliverability Status or FCDS: Has the meaning set forth in the CAISO Tariff. Full Capacity Deliverability Status Finding or FCDS Finding: A written confirmation from the CAISO that the Plant is eligible for FCDS. POWER PURCHASE AGREEMENT - Page 11 of 65 GAAP or Generally Accepted Accounting Principles: Means the standards for accounting and preparation of financial statements established by the Federal Accounting Standards Advisory Board (or its successor agency) or any successor standards adopted pursuant to relevant Securities Exchange Commission rule. Gains: With respect to any Party, an amount equal to the present value of the economic benefit to it, if any (exclusive of Costs), resulting from the termination of the Agreement for the remainder of the Term, determined in a commercially reasonable manner, subject to Section 7.3 hereof. Factors used in determining economic benefit may include reference to information either available to it internally or supplied by one or more third parties, including quotations (either firm or indicative) of relevant rates, prices, yields, yield curves, volatilities, spreads or other relevant market data in the relevant markets, market price referent, market prices for a comparable transaction, forward price curves based on economic analysis of the relevant markets, settlement prices for a comparable transaction at liquid trading hubs (e.g., NYMEX), all of which should be calculated for the remainder of the Term to determine the value of the Output. Governmental Authority: Any federal or state government, or political subdivision thereof, including, without limitation, any municipality, township or county, or any entity or authority exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government, including, without limitation, any corporation or other entity owned or controlled by any of the foregoing. Incentives: Any and all tax credits, including Section 45 Credits and Section 48 Credits, deductions, allowances, depreciation and exemptions applicable to federal, state and local taxes and any other payment, credit, deduction, benefit, grant or monetary incentive provided by any federal, state or local Governmental Authority or any Person, whether now in effect or arising in the future, in each case arising from the activities contemplated by this Agreement, including any “Renewable Energy Production Incentive Payments” from the U.S. Department of Energy and any “Energy Investment Tax Credit” described in Section 48 of t he Internal Revenue Code of 1986, as it may be amended or supplemented from time to time. Notwithstanding the foregoing, Incentives shall not include anything that qualifies as Output (including any Environmental Attributes). Indemnified Party: Has the meaning set forth in Section 10.1(b). Indemnifying Party: Has the meaning set forth in Section 10.1(b). Ineligible LC Bank: Has the meaning set forth in Section 9.3(c)(i)(A). Ineligible LC Bank Notice Period: Has the meaning set forth in Section 9.3(c)(i). Initial Capacity: Has the meaning set forth in Section 2.3(c)(ii). Interconnection Agreement: The agreement and associated documents (or any successor agreement and associated documentation) by and among Seller, the Participating TO and the CAISO governing the terms and conditions of Seller’s interconnection with the CAISO grid, including any description of the plan for interconnection of the Plant to the Participating TO’s system. POWER PURCHASE AGREEMENT - Page 12 of 65 Interconnection Agreement Milestone: Has the meaning set forth in Section 4.3(b)(i). Interconnection Facilities: Has the meaning set forth in the CAISO Tariff. Interim Assurance: The collateral provided by Seller to Buyer to secure Seller’s obligations hereunder in accordance with Section 9.2(a)(ii) of this Agreement. kWh: Means kilowatt -hour (AC). Law: Means any statute, law, treaty, rule, regulation, CEC guidance document, ordinance, code, permit, enactment, injunction, order, writ, decision, authorization, judgment, decree or other legal or regulatory determination or restriction by a court or Governmental Authority of competent jurisdiction, including any of the foregoing that are enacted, amended, or issued after the Execution Date, and which becomes effective after the Execution Date; or any binding interpretation of the foregoing. LC Notice: Has the meaning set forth in Section 9.3(c). Local Capacity Area: Has the meaning set forth in the CAISO Tariff. Lender(s): Any Person(s) providing money or extending credit (including any capital lease) to Seller, including in the form of debt or tax equity, for (a) the construction of the Plant, (b) the term or permanent financing of the Plant, or (c) working capital or other ordinary business requirements for the Plant. “Lender(s)” shall not include any trade creditor(s) of Seller. Letter of Credit: Means an irrevocable, non-transferable standby letter of credit issued by Wells Fargo, N.A., or other banking institution acceptable to Buyer in its sole discretion, the form of which must be substantially as contained in Exhibit F-1 to this Agreement; provided, that, if the issuer is a U.S. branch of a foreign commercial bank, Buyer may require changes to such form, the issuer must be an Eligible LC Bank on the date of Transfer, and the issuing Letter of Credit amount may not be greater than the Maximum Issuing Amount if the total amount of collateral posted by the Seller in the form of Letter of Credit exceeds ten million dollars ($10,000,000.00) on the date of Transfer. Licensed Professional Engineer: Means a Person acceptable to Buyer in its reasonable judgment who (a) is licensed to practice engineering in California, (b) has training and experience in the power industry specific to the technology of the Plant, (c) has no economic relationship, association, or nexu s with Seller or Buyer, other than to meet the obligations of Seller pursuant to this Agreement, (d) is not a representative of a consultant, engineer, contractor, designer or other individual involved in the development of the Plant or of a manufacturer o r supplier of any equipment installed at the Plant, and (e) is licensed in an appropriate engineering discipline for the required certification being made. LMP: Has the meaning set forth in the definition of DA Price. Losses: With respect to any Party, an amount equal to the present value of the economic loss to it, if any (exclusive of Costs), resulting from the termination of this Agreement for the remainder of the Term, determined in a commercially reasonable manner , subject to Section 7.3 hereof. Factors POWER PURCHASE AGREEMENT - Page 13 of 65 used in determining the loss of economic benefit may include reference to information either available to it internally or supplied by one or more third parties, including quotations (either firm or indicative) of relevant rates, prices, yields, yiel d curves, volatilities, spreads or other relevant market data in the relevant markets, market price referent, market prices for a comparable transaction, forward price curves based on economic analysis of the relevant markets, settlement prices for a comparable transaction at liquid trading hubs (e.g. NYMEX), all of which should be calculated for the remainder of the Term to determine the value of the Output. If the Non-Defaulting Party is the Seller, then in addition to lost payments for Output pursuant to this Agreement, “Losses” shall exclude any associated loss of investment tax credits and other lost tax benefits. Maximum Issuing Amount: Means the amount of a Letter of Credit to be issued by an Eligible LC Bank, which cannot exceed the lesser of (a) sixty percent (60%) of the total collateral posted by Seller in the form of Letter of Credit including the Letter of Credit to be issued or (b) twenty-five million dollars ($25,000,000.00), without Buyer’s prior written consent. Milestones: Means the key development activities required for the construction and operation of the Plant, as set forth more particularly in Section 4.3(a). MW: Megawatt (AC). MWh: Megawatt-hour (AC). Network Upgrades: Has the meaning set forth in the CAISO Tariff. Non-Defaulting Party: Has the meaning set forth in Section 7.3(a). Notice to Proceed: The full notice to proceed provided by Seller to the EPC Contractor following execution of the EPC Contract between Seller and such EPC Contractor and satisfaction of all conditions to performance of such contract, by which Seller authorizes such EPC Contractor to begin construction of the Plant without any delay or waiting periods. Output: The capacity, Energy, Environmental Attributes, Ancillary Services, contributions towards Resource Adequacy, reserve requirements (if any), and any and all other reliability or power attributes which are or can be produced by or associated with the Plant . Overproduction Energy Price: Has the meaning set forth in Section 2.4(a). Participating Intermittent Resource: Has the meaning set forth in the CAISO Tariff. Participating TO or Participating Transmission Owner: An entity that (a) owns, operates and maintains transmission lines and associated facilities and/or has entitlements to use certain transmission lines and associated facilities, and (b) has transferred to the CAISO operat ional control of such facilities and/or entitlements to be made of the CAISO Grid. For purposes of this Agreement, the Participating TO is Southern California Edison. Participating TO System: The transmission system owned by the Participating TO. POWER PURCHASE AGREEMENT - Page 14 of 65 Parties: Buyer and Seller, and their respective successors and permitted assignees. Party: Buyer or Seller, and each such Party’s respective successors and permitted assignees. Performance Assurance: The collateral provided by Seller to Buyer to secure Seller’s obligations hereunder in accordance with Section 9.2(a)(iii) of this Agreement. Performance LDs: Has the meaning set forth in Section 4.6(b). Permits: All material federal, state or local authorizations, certificates, certifications, pre-certifications, permits, licenses and approvals required by any Governmental Authority for the construction, ownership, operation and maintenance of the Plant, other than the Conditional Use Permit . Permitting Milestone: Has the meaning set forth in Section 4.3(b)(iii). Person: An individual, partnership, corporation, business trust, limited liability company, joint stock company, trust, unincorporated association, joint venture, Governmental Authority or other entity. Planned Outage: Means the removal of equipment from service availability for inspection and/or general overhaul of one or more major equipment groups. To qualify as a Planned Outage, the maintenance (a) must actually be conducted during the Planned Outage, and in Seller’s sole discretion must be of the type that is necessary to reliably maintain the Plant, (b) cannot be reasonably conducted during Plant operations, and (c) causes the generation level of the Plant to be reduced by at least ten percent (10%) of the Initial Capacity. Plant: The power generation facilities to be constructed, owned and operated by Seller located on the Site for the generation and delivery of electricity, including the step -up transformer, revenue quality meter and all other facilities up to the Point of Interconnection, but not including any Expansion Plant. PNode: Has the meaning set forth in the CAISO Tariff. Point of Interconnection: The point on the electrical system where the Plant is physically interconnected with the Participating TO System, which is anticipated to be at the Wilsona Substation. Pre-FCDS Energy Price: Has the meaning set forth in Section 2.4(b). Price: The price set forth in Section 2.4. Project: Has the meaning set forth in Section 2.9(c)(i). Prudent Utility Practice: Has the meaning in the CAISO Tariff. QF: Has the meaning set forth in Section 8.1(c)(1). POWER PURCHASE AGREEMENT - Page 15 of 65 Real-Time Market: Has the meaning set forth in the CAISO Tariff. REC or Renewable Energy Credit: Has the meaning set forth in California Public Utilities Code Section 399.12(h) and CPUC Decision 08-08-028, as may be amended from time to time or as further defined or supplemented by applicable law. Report Period means the interval between dates when Seller must deliver each Development Progress Report to Buyer according to Section 4.3(c)(i)-(iii), as applicable. Requirements of Laws: Collectively, any federal, state or local law, treaty, franchise, rule or regulation, or any order, writ, judgment, injunction, decree, award or determination of any arbitrator or court or other Governmental Authority, in each case applicable to or binding upon Seller or Buyer or any of its property or to which Seller or Buyer or any of its respective properties are subject. Resource Adequacy: Means an obligation of load serving entities, including Buyer, that requires Buyer to procure a certain amount of electric generating capacity. Resource Adequacy Requirements: Has the meaning set forth in Section 2.7(a). SCADA: Has the meaning set forth in Section 3.1. Scheduling Coordinator: Means a qualified entity designated by Buyer to provide the Scheduling Coordinator Functions for the Plant pursuant to this Agreement. Scheduling Coordinator Functions: Means the functions specified in “Responsibilities of a Scheduling Coordinator” of the CAISO Tariff undertaken by an entity certified by the CAISO as qualifying as a Scheduling Coordinator pursuant to the CAISO Tariff. Section 45 Credits: Those tax credits available u nder Section 45 of Subtitle A, Chap. 1A, Part IV of the Internal Revenue Code of 1986, as amended, or any other similar state, federal or local tax credits, deductions, payments or benefits arising from the generation and sale of electricity using qualifying renewable resources, not including any Environmental Attributes. Section 48 Credits: Those tax credits available under Section 48(a)(3)(A)(i) and 48(a)(5) of the Internal Revenue Code of 1986, as amended, or any other similar state, federal or local t ax credits, deductions, payments or benefits arising from the investment in qualifying energy properties, not including any Environmental Attributes. Seller: Has the meaning in the Preamble, and any successor or permitted assignee. Seller Excused Energy Amount: Means, for each Calculation Period, an amount expressed in MWh, equal to the aggregate amount of reduction(s) in delivered Output during such Calculation Period as a result of Dispatch Down Periods, Discretionary Curtailment, Force Majeure Events, Buyer’s breach or default hereunder or failure to accept delivered Output, or Forced Outages to the local transmission or distribution system. POWER PURCHASE AGREEMENT - Page 16 of 65 Seller Execution: Means the date an authorized representative of Seller duly executes this Agreement as evide nced by the date set forth next to its signature on the Signature Page hereof. Seller’s Parent: Means Hecate Energy, LLC Shortfall: Has the meaning set forth in Section 4.6(b). Site: The description of the Plant and Site Drawings as described on Exhibit A. Site Drawings: Has the meaning set forth on Exhibit A. Substitute Bank Period: Has the meaning set forth in Section 9.3(c). Substitute Letter of Credit : Has the meaning set forth in Section 9.3(c). System Emergency: Has the meaning set forth in the CAISO Tariff. Term: Has the meaning set forth in Section 2.2(a). Termination Payment: Means, with respect to the Non-Defaulting Party, the sum of (a) the Losses or Gains, and Costs, which such Party incurs as a result of the termination of this Agreement pursuant to Section 7.3, plus (b) the sum of all amounts then owed to the Non-Defaulting Party by the defaulting Party determined as of the Early Termination Date. Test Energy: Output (to the extent available) generated by the Plant and delivered to the Point of Interconnection prior to the Contract Delivery Start Date. Transfer: Means with respect to Letters of Credit the delivery of the Letter of Credit conforming to the requirement s of this Agreement, by Seller or an Eligible LC Bank to Buyer or delivery of an executed amendment to such Letter of Credit (extending the term or varying the amount available to Buyer thereunder, if acceptable to Buyer) by Seller or Eligible LC Bank to B uyer. Two Year Minimum Production Threshold: For each Calculation Period, an amount expressed in MWhs equal to eighty percent (80%) of the Calculation Period Expected Energy Production for such Calculation Period. For the avoidance of doubt, an example of the Two Year Minimum Production Threshold is the sum of 80% of the Calculation Period Expected Energy Production for the first Contract Year of such Calculation Period plus 80% of the Calculation Period Expected Annual Energy Production for the second Contract Year of such Calculation Period. Watch: Has the meaning set forth in Section 9.3(c). WREGIS: The Western Renewable Energy Generation Information System, or any successor renewable energy tracking program. POWER PURCHASE AGREEMENT - Page 17 of 65 1.2 Rules of Interpretation. The following rules of interpretation shall apply in addition to those set forth in Sections 10.3, 10.4, 10.5, 10.6, 10.8, 10.11, 10.13, 10.14, 10.15, 10.17, 10.20 and 10.22: (a) The term “month” shall mean a calendar month unless otherwise ind icated, and a “day” shall be a 24-hour period beginning at 12:00:01 a.m. Pacific Prevailing Time and ending at 12:00:00 midnight Pacific Prevailing Time; provided that a “day” may be 23 or 25 hours on those days on which daylight savings time begins and ends. (b) Unless otherwise specified herein, all references to any agreement or other document of any description shall be construed to give effect to amendments, supplements, modifications or any superseding agreement or document as then existing at the applicable time to which such construction applies. (c) Capitalized terms used in this Agreement, including the exhibits hereto, shall have the meaning set forth in Section 1.1, unless otherwise specified. (d) Unless otherwise specified herein, references in the singular shall include references in the plural and vice versa, pronouns having masculine or feminine gender shall be deemed to include the other, and words denoting natural persons shall include partnerships, firms, companies, corporations, joint ventures, trusts , associations, organizations or other entities (whether or not having a separate legal personality). Other grammatical forms of defined words or phrases have corresponding meanings. (e) References to a particular article, section, subsection, paragraph, subp aragraph, appendix or attachment shall, unless specified otherwise, be a reference to that article, section, subsection, paragraph, subparagraph, appendix or attachment in or to this Agreement. (f) Any reference in this Agreement to any natural person, Governmental Authority, joint powers agency, corporation, partnership or other legal entity includes its permitted successors or assigns or to any natural person, Governmental Authority, joint powers agency, corporation, partnership or other legal entity succeeding to its functions. (g) All references to dollars are to U.S. dollars. (h) The term “includes” and “including” when used in this Agreement shall be by way of example only and shall not be considered in any way to be in limitation, whether or not so specified. POWER PURCHASE AGREEMENT - Page 18 of 65 ARTICLE II TERM, PURCHASE AND SALE 2.1 Conditions Precedent to Commencement of Term of Agreement. (a) Conditions Precedent . The Term of this Agreement shall not commence until the occurrence of all of the following: (i) Seller Execution; (ii) At least five (5) Business Days before Seller Execution, Buyer receives from Seller the conditions precedent documentation listed in Exhibit H; and (iii) This Agreement has been approved by the Palo Alto City Council, and duly executed by the authorized representatives of Buyer. (b) Failure to Meet All Conditions Precedent . If the Conditions Precedent set forth in Sections 2.1(a) are not satisfied or waived in writing by both Parties, then either Party may terminate this Agreement effective upon receipt of notice by the other Party. Neither Party shall have any obligation or liability to the other, including for a Termination Payment or otherwise, by reason of such termination. 2.2 Agreement Term, Delivery Term, Acceleration and Extension. (a) Agreement Term. The term of this Agreement shall commence, and this Agreement shall be effective, upon the satisfaction or written waiver of the Conditions Precedent set forth in Section 2.1(a) of this Agreement and, unless earlier terminated pursuant to an express provision of this Agreement, shall remain in effect until the conclusion of the Delivery Term (the “Term”). (b) Delivery Term. (i) The Parties agree that the delivery term shall mean: a period of delivery of Output of twenty-five (25) Contract Years beginning with the first date that Buyer accepts delivery of the Output from the Plant in connection with this Agreement following Seller’s demonstration of satisfaction of the items listed in this Section 2.2(b)(ii) (the “Contract Delivery Start Date”) and continuing until the end of the twenty-fifth (25th) Contract Year (“Delivery Term”), unless terminated as provided by the terms of this Agreement; provided that, the Parties agree that (x) the Contract Delivery Start Date shall occur on June 1, 2021, which may be accelerated pursuant to Section 2.2(c), and (y) the Delivery Term shall end on May 31, 2046, which may be extended pursuant to Section 2.2(d). For the avoidance of doubt, the maximum Delivery Term shall not extend past the fortieth (40th) anniversary of t he Contract Delivery Start Date. POWER PURCHASE AGREEMENT - Page 19 of 65 (ii) The Contract Delivery Start Date shall occur as soon as practicable once all of the following have been satisfied: (aa) Seller delivers the COD Certification set forth at Exhibit E-2 to Buyer and, if applicable, an Expected Annual Energy Production table in the form attached hereto as Exhibit G updating the Expected Annual Energy Production originally calculated based on the Plant’s Expected Initial Capacity and provided pursuant to Section 2.1(a)(ii) for its Initial Capacity (which shall remain subject to the limits set forth in Section 2.3(b)(ii)); (bb) Buyer shall have received and accepted the Performance Assurance in accordance with the relevant provisions of Article 9.2(a)(iii) of the Agreement; (cc) Seller shall have obtained the requisite CEC Certification and Verification for the Plant and delivered a copy of same to Buyer ; (dd) all of the applicable Conditions Precedent in Section 2.1(a) have been satisfied or waived in writing; (ee) Seller shall have demonstrated satisfaction of Seller’s other obligations under this Agreement that commence prior to or as of the Delivery Term, including taking all necessary steps to allow the RECs transferred to Buyer to be tracked in WREGIS; (ff) Seller shall have provided Buyer with a copy of the notice letter from the Participating Transmission Owner authorizing the Plant to commence commercial operation; and (gg) unless Seller has been directed by Buyer not to participate in the Participating Intermittent Resource program, Buyer shall have received written notice from the CAISO that the Plant is certified as a Participating Intermittent Resource to the extent such Participating Intermittent Resource status exists and is available at such time as the conditions in subsections (aa) through (ff) of this Section 2.2(b)(ii) are satisfied. (c) Buyer Acceleration of Contract Delivery Start Date. Buyer may, in its sole discretion, accelerate the Contract Delivery Start Date to a new date no more than six (6) months prior to the Contract Delivery Start Date, unless otherwise agreed in writing by the Parties. Subject to this Section 2.2(c), if Buyer desires so to accelerate the Contract Delivery Start Date, it shall deliver six (6) months prior written notice to Seller specifying the new Contract Delivery Start Date (the “Accelerated Contract Delivery Start Date Notice”), which shall thereafter for all purposes be deemed to be the “Contract Delivery Start Date”. Notwithstanding the foregoing, Seller and Buyer may at any time mutually agree in POWER PURCHASE AGREEMENT - Page 20 of 65 writing to accelerate the Contract Delivery Start Date to a date earlier than the Contract Delivery Start Date. (d) Extension of End of Delivery Term. Buyer may, in its sole discretion, extend the end of the Delivery Term by up to an additional fifteen (15) years, in one or more five (5)-year increment s each and all at the same Price set forth in Section 2.6 (each, an “Extended Delivery Term”). Subject to this Section 2.2(d), if Buyer desires so to extend the Delivery Term, it shall deliver a written notice (“Extended Delivery Term Option Exercise Notice”) to Seller by not later than three hundred sixty-five (365) calendar days prior to the end of the Delivery Term specifying the Extended Delivery Term, which shall thereafter for all purposes be deemed to be the “Delivery Term”. 2.3 Purchase and Sale of the Output. (a) Purchase and Sale of Output . During the Delivery Term, Seller shall sell and deliver, or cause to be delivered, and Buyer shall purchase and receive, or cause to be received, the Output (subject to Section 2.4(a)) at the Point of Interconnection, and Buyer shall pay Seller the Price in accordance with the terms of this Agreement, unless specifically excused by the terms of this Agreement. In no event shall Seller have the right to procure any element of the Output from sources other than the Plant for sale or delivery to Buyer under t his Agreement, or sell Output from the Plant to a third party. Buyer shall be the only party that may claim credit for the Output (subject to Section 2.4(a)), as may be available to Buyer from time to time. Buyer shall have no obligation to receive or purchase Output from Seller prior to or after the Delivery Term, except for Test Energy. Seller shall be responsible for any costs or charges associated with the Output or its delivery of the Output up to the Point of Interconnection. Buyer shall be responsible for any costs or charges imposed on or associated with the Output after its receipt at and from the Point of Interconnection. (b) Title and Risk of Loss. As between the Parties, Seller shall be deemed to be in exclusive control (and responsible for any damages or injury caused thereby) of all Output purchased by Buyer prior to the Point of Interconnection, and Buyer shall be deemed to be in exclusive contro l (and responsible for any damages or injury caused thereby) of all Output purchased by Buyer at and from the Point of Interconnection. Title to and risk of loss as to all Output purchased by Buyer shall pass from Seller to Buyer at the Point of Interconnection. Seller warrants that it shall deliver all Output to Buyer free and clear of all liens, security interests, claims and encumbrances or any interest therein or thereto created by any Person other than Buyer. (c) Capacity of Plant . (i) Expected Initial Capacity. Seller and Buyer each acknowledge and agree that as of the Execution Date the Parties expect that the generation capability of the Plant as of the Commercial Operation Date shall be 26 POWER PURCHASE AGREEMENT - Page 21 of 65 MW AC, net of all auxiliary loads, station electrical uses, and electrical losses (the “Expected Initial Capacity”). Seller shall complete and deliver to Buyer the Expected Annual Energy Production table in the form attached hereto as Exhibit G based on the Expected Initial Capacity pursuant to Section 2.1(a)(ii). (ii) Actual Initial Capacity. Seller shall use commercially reasonable efforts to ensure that the installed capacity of the Plant determined as of the Commercial Operation Date (the “Initial Capacity”) is same as the Expected Initial Capacity, but in no event shall be less than 25 MW AC or more than 27 MW AC, and shall be determined based upon the sum of the nameplate ratings (AC) of all Plant inverters. If applicable, Seller shall update the Expected Annual Energy Production table it delivered to Buyer pursuant to Section 2.1(a)(ii) and 2.3(c)(i) above, to reflect the Plant’s Initial Capacity (which shall remain subject to the installed capacity limitations set forth in this sub-section) and deliver such revised table to Buyer pursuant to Section 2.2(b)(ii)(aa). 2.4 Price. Subject to the adjustments described in Sections 2.4(a) and (b) and related to Performance LDs under the provisions of Section 4.6, during the period of delivery of any Test Energy and during the Delivery Term, for Output delivered or tendered to Buyer at the Point of Interconnection, Buyer shall pay Seller a price per MWh of Output equal to Thirty Six Dollars and Seventy-Six Cents ($36.76) per MWh (“Price”). The Price shall be the total compensation owed by Buyer for the Output delivered or tendered to Buyer during the period of delivery of any Test Energy and during the Delivery Term, as adjusted as follows: (a) Overproduction Output Price. For any and all Output in excess of one hundred five percent (105%) of the Expected Annual Energy Production for the then-current Contract Year, if any, Buyer shall pay Seller a price per MWh of Output that is the lesser of (i) ninety percent (90%) of the Price or (ii) the hourly DA Price at the Point of Interconnection (either (i) or (ii) being referred to as the “Overproduction Energy Price”), subject to: (i) Buyer shall be obligated to purchase any and all Output delivered or tendered to Buyer in excess of one hundred five percent (105%) up to and including one hundred twenty percent (120%) of the Expected Annual Energy Production for the then-current Contract Year and (ii) Buyer shall have the right, but not the obligation to purchase, Output in excess of one hundred twenty percent (120%) or more of the Expected Annual Energy Production for the then-current Contract Year, and, if applicable, subject to Section 2.4(b). If Buyer chooses not to exercise this right of first refusal in sub-section (ii) above, Seller may sell such Output to a third party so long as such third party sale does not affect or impair in any material way Seller’s ability to meet its obligations or Buyer’s rights with respect to this Agreement as determined by Buyer in its reasonable discretion; and/or POWER PURCHASE AGREEMENT - Page 22 of 65 (b) Pre-FCDS Energy Price. For any and all Output delivered or tendered to Buyer prior to the date on which Seller has obtained a Full Capacity Deliverability Status Finding from the CAISO, if any, Buyer shall pay Seller a price per MWh of Output equal to ninety percent (90%) of the Price (“Pre-FCDS Energy Price”) and, if applicable, subject to Section 2.4(a). For the avoidance of doubt, if both conditions (a) and (b) above occur, then Buyer shall pay Seller the Price adjusted by both (a) and (b), and if only one condition (a) or (b) above occurs, then Buyer shall pay Seller the Price adjusted by either (a) or (b), as applicable. 2.5 Test Energy. For a period of up to ninety (90) days prior to the commencement of the Delivery Term, Buyer shall purchase and accept from Seller at the Point of Interconnection and pay for as described in Section 2.4, the Output relating to any Test Energy pursuant to the terms of this Agreement; provided that the decision to produce and deliver Test Energy hereunder shall be at the sole discretion of Seller. All Test Energy sha ll be scheduled in accordance with the scheduling protocols set forth in Exhibit D, as may be modified by the Parties pursuant to Section 4.1(g). 2.6 Environmental Attributes. (a) Purchase and Sale of Environmental Attributes. During the Term, Seller shall sell and transfer to Buyer, and Buyer shall purchase and receive from Seller, all right, title and interest in and to the Environmental Attributes associated with the Output, if any, whether now existing or subsequently generated or acquired (other than by direct purchase from a third party) by Seller, or that hereafter come into existence, during the Term, as a component of the Output purchased by Buyer from Seller hereunder. Subject to Section 2.6(c), Seller agrees to transfer and make such Environmental Attributes available to Buyer immediately to the fullest extent allowed by applicable Law upon Seller’s production or acquisition of the Environmental Attributes. Seller agrees to convey and hereby conveys all such Environmental Attributes to Buyer as included in the delivery of the Output from the Plant. Seller shall not assign, transfer, convey, encumber, sell or otherwise dispose of all or any portion of the Environmental Attributes to any Person other than Buyer. As of the Effective Date and continuing throughout the Term, Seller represents and warrants that Seller holds the rights to all Environmental Attributes from the Plant, the Plant qualifies and is certified by the CEC as an ERR and the Plant’s Output qualifies under the California Renewable Portfolio Standards requirements. To the extent that a Change in Law occurs after the Effective Date that causes this representation and warranty to be false or misleading, it shall not be an Event of Default if Seller has used commercially reasonable efforts to comply with such Change in Law and takes all actions as determined by Buyer in its reasonable discretion to implement any change or improvement to the Plant to maintain such certification or qualification. POWER PURCHASE AGREEMENT - Page 23 of 65 (b) Buyer’s Right to Report Ownership of Environmental Attributes. During the Term, Seller shall not report to any Person or entity that the Environmental Attributes granted hereunder to Buyer belong to anyone other than Buyer, and Buyer may report under any program that such Environmental Attributes purchased hereunder belong to it. (c) Documentation of Environmental Attributes. Seller shall document the production of Environmental Attributes under this Agreement by delivering with each invoice to Buyer such attestations or other documents as may be required by Exhibit B. Seller agrees to promptly and cooperatively update or modify Exhibit B, as necessary, to ensure that Buyer receives full and complete title to, and the ability to record with any EA Agency as its own, all of the Environmental Attributes purchased hereunder. At Buyer’s request, the Parties, each at their own expense, shall execute all such documents and instruments in order to transfer the Environmental Attributes specified in this Agreement, to Buyer or its designees, as Buyer may reasonably request. In the event of the promulgation of a scheme involving Environmental Attributes administered by an EA Agency, upon notification by an EA Agency that any transfers contemplated by this Agreement shall not be recorded, the Parties shall promptly cooperate in taking all reasonable actions necessary so that such transfer can be recorded. Each Party shall promptly give the other Party copies of all documents it submits to the EA Agency to effectuate any t ransfers. 2.7 Resource Adequacy. (a) Resource Adequacy Requirements. During the Delivery Term, Seller grants, pledges, assigns and otherwise commits to Buyer all of the Plant’s Initial Capacity, including Capacity Attributes from the Plant, to enable Buyer to meet its Resource Adequacy or successor program requirements, as the CPUC, CAISO and/or other regional entity may prescribe, including submission of a supply plan or Resource Adequacy plan (“Resource Adequacy Requirements”). From the Execution Date, and for the duration of the Delivery Term, Seller shall take all commercially reasonable actions, including complying with all applicable registration and reporting requirement s, and executing any and all documents or instruments necessary to enable Buyer to use all of the capacity of the Plant, including Capacity Attributes, to be committed by Seller to Buyer pursuant to this Agreement to meet Buyer’s Resource Adequacy Requirements during the Delivery Term. (b) Availability Standards. Seller shall be responsible for all costs, charges, expenses, penalties, and obligations resulting from Availability Standards, if applicable, and Seller shall be entitled to retain all credits, payments, and revenues, if any, resulting from Seller achieving o r exceeding Availability Standards, if applicable. 2.8 Tax Credits and Incentives. Buyer acknowledges and agrees that all Incentives shall be owned by Seller, and that Buyer shall not claim Incentives. Buyer agrees to cooperate with Seller, as may be necessary, to POWER PURCHASE AGREEMENT - Page 24 of 65 allow maximization of the value of, and realization of, all Incentives; provided that Buyer shall not be required to incur additional costs or accept any diminution in value of its rights under this Agreement or of the Output purchased hereunder. In addition, Buyer shall not take any action (except as otherwise permitted under this Agreement), that would in any way reduce or eliminate the availability to Seller of any Incentives, including the Section 45 Credits and the Section 48 Credits, and Buyer shall forego any credits or benefits available to it (other than Environmental Attributes), including rights to purchase of Test Energy, to the extent necessary to allow Seller to obtain the full benefit of the Incentives, but in no event shall Buyer be required to forego receipt of Output after the Contract Delivery Start Date. 2.9 CEQA. (a) CEQA Determinations. Any and all CEQA requirements for or related to the development of the Plant shall be the responsibility of Seller; provided, that , Buyer reserves any and all of its rights and powers under CEQA that may be applicable, appropriate, and within Buyer’s jurisdiction, including the power in its sole discretion to: (i) review the Plant’s environmental impacts; (ii) prepare and/or review environmental documents and studies; (iii) review mitigation measures and/or alternatives in order to avoid or lessen any significant environmental impacts resulting from the Plant; (iv) determine that any significant impacts that cannot be mitigated are acceptable due to overriding considerations; or (v) decide to terminate this Agreement due to any significant adverse environmental effects resulting from the Plant that were unable to be mitigated and were unacceptable for lack of overr iding considerations in Buyer’s reasonable discretion. (b) Seller’s Responsibility to Provide CEQA Documents. Seller shall be required to provide to Buyer final (and executed, if applicable) copies of all CEQA documents within ten (10) days of their approval by the CEQA lead agency. (c) Conditions Precedent to Buyer Purchase. The Parties therefore acknowledge and agree that Buyer has no obligation to purchase the Output under this Agreement until all of the following have occurred: (i) Seller has complied with all applicable CEQA requirements in connection with its permitting, construction and operation of the Plant (the “Project”); (ii) Buyer has, as part of such CEQA compliance, been designated as a “Responsible Agency” for the Project under Section 15096 of the CEQA Guidelines; POWER PURCHASE AGREEMENT - Page 25 of 65 (iii) Buyer has satisfactorily complied with all applicable requirements of Section 15096 relating to the Project, as determined by Buyer in its reasonable discretion consistent with CEQA requirements; (iv) Buyer has notified Seller that Buyer elects not to terminate the PPA pursuant to Section 2(a)(v); and (iv) the applicable period for any legal challenges under CEQA relating to the Plant has expired without any such challenge having been filed or, in the event of any such challenge, the challenge has been determined adversely to the challenger by final judgment or settlement . (d) Buyer Termination of Agreement . If Buyer decides not to approve the purchase of Output from the Plant and to terminate this Agreement as described in Section 2.9(a)(v), Buyer shall give Seller written notice thereof and this Agreement shall terminate within sixty (60) calendar days from the giving of such notice. Any termination under this Section 2.9(c) shall be “no-fault”, and neither Party shall have any liability to the other arising out of such termination, and Buyer shall promptly return to Seller all Development Assurance less any LD Amount paid by or due and payable by Seller prior to the date of such termination for reasons unrelated to this Section 2.9. For the avoidance of doubt, this Section 2.9(c) shall not affect the rights and remedies associated with any other termination rights set forth in this Agreement. 2.10 Right of First Refusal for Expansion Plant and Expansion Plant Output. (a) Buyer’s Right of First Refusal for Development of Expansion Plant . During the Term, Seller may, in exercising its sole discretion, determine, from time to time, to develop, finance, construct and/or operate an Expansion Plant. Each time such a determination is made, Seller shall notify Buyer of such determination and sha ll offer, in writing, to sell the Expansion Plant Output to Buyer. The offer shall include the price to be paid by Buyer for the Expansion Plant Output, the term, and other principal terms and conditions of the proposed sale. If Buyer wishes to accept such offer to purchase all (but not less than all) of the Expansion Plant Output, Buyer shall so notify Seller within ninety (90) calendar days of its receipt of such offer. Buyer and Seller shall promptly thereafter enter into good faith negotiation of commercial modifications to this Agreement incorporating such Expansion Plant Output offer. Until the revised Agreement incorporating an Expansion Plant is executed, Seller’s proposal, accepted by Buyer (including any modifications agreed upon in writing by both Parties), shall control all dealings between the Parties relating to the Expansion Plant. Should any issue arise that is not covered by such documentation, the terms of this Agreement (prior to amendment for the Expansion Plant or Expansion Plant Out put) shall apply. (b) Buyer’s Right to Purchase Expansion Plant Output . If Buyer does not accept Seller’s offer to purchase the Expansion Plant Output within ninety (90) calendar days of receipt of Seller’s offer, Seller shall be deemed authorized to offer t o sell POWER PURCHASE AGREEMENT - Page 26 of 65 that portion of the Expansion Plant Output to one or more third parties at a price and on other terms and conditions which, taken as a whole, are at least as favorable to Seller as the price and other terms and conditions set forth in Seller’s offer to Buyer. If Seller offers to disaggregate the Expansion Plant Output for the purpose of selling the same to multiple independent buyers, Seller shall notify Buyer, in writing, of the terms and conditions of such offers, and Buyer shall again have the right of first refusal consistent with the terms set forth above for each of the lesser amounts being offered to the third parties. If Buyer does not purchase the Expansion Plant Output and Seller sells such Expansion Plant Output to a third party, Seller shall promptly certify, in writing, to Buyer that the terms and conditions of sale of such Expansion Plant Output to such third party, taken as a whole, are at least as favorable to Seller as the price and other terms and conditions set forth in Seller’s offer to Buyer, and, Seller shall provide the relevant final contract and any other supporting documentation for such certification by Buyer. Upon the sale of such Expansion Plant Output in compliance with this Agreement, Buyer shall have no further rights to be offered or to purchase such Expansion Plant Output. Buyer’s refusal, in writing, of the Expansion Plant Output from one Expansion P lant shall not affect Buyer’s right to purchase the Expansion Plant Output from a subsequently developed Expansion Plant under the terms of this Agreement. Notwithstanding any provision to the contrary herein, Seller shall not sell or provide the Expansion Plant Output to any third party, unless Seller can do so without compromising in any material way its ability to provide the Output or Expansion Plant Output, if any, to Buyer hereunder. The materiality of any such impact shall be determined by Buyer, act ing in its reasonable discretion. 2.11 Refurbishment of Plant. During the Term, Seller may refurbish the Plant, alter components of the Plant, replace components of the Plant, add additional solar modules or inverters, or replace solar modules or inverters with more powerful solar modules or inverters, in order to increase the Plant estimated peak AC capability up to the lesser of the Initial Capacity or to the amount allowed by the Interconnection Agreement ; provided, however, that Seller may not perform any refurbishment to increase capacity higher than the Initial Capacity without the prior written consent of Buyer, and Buyer shall have the right, in its sole discretion, to accept or decline to permit any such refurbishment that may increase the Initial Capacity. 2.12 Optional Battery Storage at the Site. At any time and multiple times during the Term, Buyer may, upon written request (“Battery Storage Facility Request”), ask Seller to review and evaluate the development of a batt ery storage facility or facilities capable of storing up to 25 MWh located at the Site (“Battery Storage Facility”). The Battery Storage Facility Request may ask Seller to develop a detailed proposal or may include a detailed proposal (or a combination thereof) for the development of the Battery Storage Facility. Seller hereby agrees to review, develop and/or evaluate the Battery Storage Facility Request in good faith and to use its best efforts to take all actions and to do all things necessary, proper or advisable to consummate, make effective and comply with the development of the Battery Storage Facility. Within sixty (60) days of receipt of any Battery Storage Facility POWER PURCHASE AGREEMENT - Page 27 of 65 Request, Seller shall provide a written response to Buyer describing in detail the feasibility of the development of a Battery Storage Facility, upon what terms and why, and including supporting documentation and such other information as Buyer may reasonably request. Seller agrees to negotiate the terms and conditions for the development of such Battery Storage Facility in good faith; provided, however, that Seller shall not be required to add any such storage unit(s) to the Plant unless and until Seller, Buyer and any Lenders each (in their sole and absolute discretion) approves the technical details of such unit(s) and appropriate amendments to this Agreement or negotiation of a separate battery storage agreement , including additional compensation related to such unit(s). ARTICLE III METERING AND BILLING 3.1 Metering Requirements. The transfer of Output from Seller to Buyer shall be measured by revenue quality metering equipment at the Point of Interconnection or another nearby location reasonably acceptable to Buyer. Such metering equipment, including any equipment required fo r communicating meter data (e.g., a dedicated data line) to Buyer or the CAISO, shall be selected, provided, installed, owned, maintained and operated, at Seller’s sole cost and expense, by Seller or its designee in accordance with applicable CAISO rules. Seller shall exercise reasonable care consistent with Prudent Utility Practice in the maintenance and operation of any such metering equipment, and shall test and verify the accuracy of each meter at least annually. Seller shall inform Buyer sufficiently in advance of the time and date of these tests to permit Buyer to be present, and shall permit Buyer to be present , at such tests and to receive the results of such tests. Subject to Buyer paying the cost of any update or upgrade to such metering equipment pursuant to a new requirement of the CAISO, the Participating TO or any other Governmental Authority, adopted aft er the Contract Delivery Start Date, each of Seller’s meters shall be accurate to the metering specifications then in effect for CAISO meter accuracy. Seller shall further install and maintain all equipment and data circuits necessary to transmit all monitored real time supervisory control and data acquisition (“SCADA”) system data and real time data from the CAISO meter to the CAISO and, if applicable, Buyer’s Scheduling Coordinator, while adhering to both CAISO and, if applicable, Buyer’s Scheduling Coordinator’s communications protocols. Seller shall provide Buyer with a copy of each certificate of compliance issued by CAISO, if any. Seller shall provide Buyer and, if applicable, its Scheduling Coordinator access to all monitored SCADA points to be used at their discretion in real time monitoring. Buyer, at its sole cost and expense, may install and maintain check meters and all associated measuring equipment necessary to permit an accurate determination of the quantities of Output delivered under this Agreement, provided the referenced equipment does not interfere with Seller’s metering equipment. Seller shall permit Buyer or its Scheduling Coordinator or its agent access to Seller’s Plant for the purpose of installing and POWER PURCHASE AGREEMENT - Page 28 of 65 maintaining such check meters. Seller shall submit to the CAISO, or allow the CAISO to retrieve, any meter data required by the CAISO related to the Plant output in accordance with the CAISO’s settlement and billing protocol and meter data tariffs. Buyer shall have reasonable access to relevant meters and associated facilities, as well as real time access to all meter data, as is necessary for Buyer or , if applicable, its Scheduling Coordinator to perform its duties as scheduling coordinator and comply with the requirements of the CAISO Tariff. 3.2 Billing. Seller shall provide to Buyer on or before the tenth (10th) day of each month an invoice for the Output for the prior month based upon meter data for Output delivered in such calendar month (taking into account any line losses to the Point of Interconnection), enclosing reasonably appropriate supporting CAISO documentation and any corresponding attestation that may be required pursuant to Section 2.6(c). Such invoice may be transmitted by e-mail to UtilityCommoditySettlements@cityofpaloalto.org, or to any other e-mail address designated, in writing by Buyer. Should either Seller or Buyer determine at a later date, but in no event later than two (2) years after the orig inal invoice date, that the invoice amount was incorrect, that Party shall promptly notify, in writing, the other Party of the error. If the amount invoiced was lower than the amount that should have been invoiced, then Buyer shall, upon receiving verification of the error and supporting documentation from Seller, pay any undisputed portion of the difference within thirty (30) calendar days of receipt of verification. If the amount invoiced was higher than the amount that should have been invoiced, then S eller shall, upon receiving verification of the error and supporting documentation from Buyer, pay any undisputed portion of the difference within thirty (30) calendar days of receipt of verification. Any such adjusted amount owing by Seller or Buyer shall be subject to the interest rate as designated in Section 3.3, running from the original due date of payment. POWER PURCHASE AGREEMENT - Page 29 of 65 3.3 Payment. For Output delivered to Buyer pursuant to this Agreement, Buyer or its agent shall pay Seller by electronic transfer of funds by the later of the twentieth (20th) day of the month or the tenth (10th) Business Day after the invoice is received in accordance with Section 3.2, subject to Buyer’s right to set -off any Daily LD Amount or Performance LDs owed by Seller to Buyer as described in Sections 4.4(b)(iii) or 4.6(b)(iii), respectively. Payments made after the due date shall be considered late and shall bear interest on the unpaid balance at an annual rate equal to two percent (2%) plus the average daily prime rate as determined from the "Money Rates" section of The Wall Street Journal fo r the days of the late payment period multiplied by the number of calendar days elapsed from and including the day after the due date, to and including the payment date. Interest shall be computed on the basis of a 365-day year. In the event this index is discontinued or its basis is substantially modified, the Parties shall agree on a substitute equivalent index. Should Buyer in good faith dispute the amount of an invoice, Buyer or its agent may withhold such disputed amounts until the dispute is resolved in accordance with Section 10.10. Such disputed amounts shall bear interest at the interest rate described above. Failure of Buyer or its agent to withhold any amount shall not constitute a waiver of Buyer’s right to challenge such amount. 3.4 Billing Agent. Seller agrees Buyer may designate an agent to act on its behalf for billing purposes, so long as Buyer remains liable for its obligations under this Agreement. ARTICLE IV SELLER'S OBLIGATIONS 4.1 Development, Finance, Construction and Operation of the Plant. During the Term, Seller covenants that at no cost to Buyer, unless otherwise specifically stated in this Agreement, it shall: (a) Develop, Finance and Construct the Plant . Design, develop, finance and construct the Plant; (b) Real-time Monitoring. Provide Buyer with access to a “real time” Plant monitoring system (which, at a minimum, shall provide “real time” information regarding the net output of the Plant) that is anticipated to be internet protocol-based and include any applicable alarms required by Prudent Utility Practice; (c) Permits. Seek, obtain, maintain, comply with and, as necessary, renew and modify from time to time, all Permits, certificates or other authorizations or approvals, including comply with any and all CEQA requirements for or related to the POWER PURCHASE AGREEMENT - Page 30 of 65 development of the Plant and prepare any and all necessary CEQA documentation, including any environmental impact studies, as described more specifically in Section 2.9, which are necessary for the construction, operation and maintenance of the Plant or required by any Requirements of Laws or Governmental Authority as prerequisites to Seller’s performance of this Agreement ; (d) Operation and Maintenance - Compliance. Operate, maintain, and repair the Plant in accordance with this Agreement, all Requirements of Laws applicable to Seller or the Plant, all Contractual Obligations and Permits, and in accordance with Prudent Utility Practice, including with respect to efforts to maintain availability of the Expected Annual Energy Production subject to normal system wear-and-tear and the panel degradation factor set forth on Exhibit G. Seller shall obtain in its own name and at its own expense any and all pollution or enviro nmental credits or offsets necessary to operate the Plant in compliance with the Environmental Laws; (e) Operation and Maintenance – Prudent Utility Practice. Operate and maintain in a manner consistent with Prudent Utility Practice the facilities it will own and otherwise cooperate with the Participating TO in the physical interconnection of the Plant to the Participating TO System in accordance with the Interconnection Agreement; (f) Insurance. Obtain and maintain the policies of insurance in the amounts and with the coverages as set forth on Exhibit C; (g) Outages. By October 1st of each year of the Delivery Term, provide each of Buyer and, if applicable, its Scheduling Coordinator with an annual projection of scheduled Planned Outages for the fo llowing calendar year. Should Seller make any changes to such projection, it shall notify Buyer and, if applicable, its Scheduling Coordinator of such changes at least fourteen (14) calendar days in advance of any newly scheduled or rescheduled Planned Outage. If Buyer requests a change to the scheduled date of any Planned Outage (including to a date set forth in a change notice from Seller), Seller shall consider such request in good faith and notify Buyer of its decision within seven (7) calendar days of receipt of Buyer’s request. In no instance other than Saturdays, Sundays and federal holidays during the period of reliability accounting (initially the period between June 1 st and September 30th but subject to changes selected at Buyer’s discretion for conforming to CAISO availability assessment) shall Seller schedule Planned Outages of more than twenty-four (24) hours during the Delivery Term. In connection with any Planned Outage or Forced Outage in excess of one (1) MW of Plant capacity, Seller shall notify Buyer and, if applicable, its Scheduling Coordinator, as soon as practicable, of the percentage of Plant (based on percentage of Output loss) expected to be out of service and how long the Planned Outage or Forced Outage is expected to last. If the Planned Outage or Forced Outage is total and is due to failure of the Plant rather than the transmission and distribution system beyond the Point of Interconnection, Seller shall give Buyer and , if applicable, its Scheduling Coordinator at least four (4) hours’ prior notice before re-energizing the Plant. In addition, Seller shall comply with Buyer’s Scheduling POWER PURCHASE AGREEMENT - Page 31 of 65 Coordinator’s scheduling protocols, as may be changed from time to time. A copy of the scheduling protocols prepared jointly by the Parties as of the Execution Date and then-anticipated to be appropriate as of the Commercial Operation Date is attached as Exhibit D. The Parties agree, within thirty (30) days after achievement of the Construction Milestone to commence reviewing the appropriateness of such scheduling protocols and work together (including meeting in-person) and, if applicable, with Buyer’s Scheduling Coordinator to make and complete prior to the delivery of Test Energy under Section 2.5, any modifications necessary to ensure the scheduling protocols’ consistency with the CAISO Tariff, its Operating Procedures and Business Practice Manuals, and the then-planned operating procedures for the Plant; provided that, during the Delivery Term, Buyer shall provide Seller with any revised scheduling protocols within a reasonable period of time to the extent , if applicable, its Scheduling Coordinator provides the same to Buyer; (h) Interconnection. Perform all studies, pay all fees, obtain all necessary approvals and execute all necessary agreements to secure the interconnection, distribution and/or transmission arrangements, including negotiate and enter into an Interconnection Agreement sufficient to allow Seller to deliver the Output to the Point of Interconnection and into the CAISO-controlled grid for sale to Buyer pursuant to the terms of this Agreement; (i) FCDS Status and Copy of Finding. Ensure that its interconnection, distribution and/or transmission arrangements shall provide for Full Capacity Deliverability Status as of the FCDS Finding Milestone (unless extended pursuant to Section 4.4) and throughout the remainder of the Delivery Term. Seller shall provide to Buyer a copy of the FCDS Finding within fifteen (15) days of such finding having been obtained from the CAISO. All costs or amounts designated in the Plant’s full capacity deliverability study to obtain FCDS or any costs and expenses incurred by Seller for FCDS studies shall be Seller’s sole responsibility. (j) Participating Generator Agreement and Meter Service Agreement. Negotiate and enter into a Participating Generator Agreement and a Meter Service Agreement for CAISO Metered Entities with the CAISO, the load control area operator for the Participating TO System, to which the Plant is interconnected. Buyer shall pay for or reimburse Seller for any such costs or charges associated with these agreements, except to the extent such cost or charge is required to be paid by Seller under this Agreement in Sections 3.1 and 4.1(h). Seller shall cooperate with Buyer to minimize any such costs as are to be reimbursed by Buyer; (k) Start-ups and Shut-downs. Coordinate all Plant start-ups and shut-downs, in whole or in part, with Buyer in accordance with CAISO scheduling protocols and the reasonable protocols established by Buyer that are not inconsistent with the CAISO Tariff and CAISO procedures; and (l) Development Assurance, Interim Assurance and Performance Assurance. Fund and maintain the Development Assurance and Interim Assurance, as applicable, to POWER PURCHASE AGREEMENT - Page 32 of 65 assure Seller ’s timely development of the Plant and achievement of Commercial Operation and the Contract Delivery Start Date, including the performance of all construction tasks; and fund and maintain the Performance Assurance to assure Seller’s delivery of the Output to Buyer, all in accordance with Article IX. 4.2 General Obligations. (a) Records. Seller shall keep complete and accurate operating and other records and all other data for the purposes of proper administration of the Agreement, including such records as may be required by any Governmental Authority or Prudent Utility Practice; (b) Organizational Good Standing and Compliance with Laws and Agreement . During the Term of this Agreement, Seller shall continue to (i) preserve, renew and keep in full force and effect its organizational existence and good standing, and take all reasonable action to maintain all applicable Permits, rights, privileges, licenses and franchises necessary or desirable in the ordinary course of its business; (ii) comply with all Requirements of Laws, including Environmental Laws, applicable to Seller or the Plant; and (iii) comply with all Contractual Obligations related to the operation and maintenance of the Plant; (c) Further Development Information. Seller shall provide to Buyer such other information regarding the permitting, engineering, construction or operations of the Plant as Buyer may from time to time reasonably request, subject to licensing or other restrictions of Seller or a third party with respect to confidentialit y, disclosure or use; provided, nothing herein shall limit Buyer’s right to agree to confidentiality or sign a confidentiality agreement in connection therewith before acquirin g knowledge of such information; (d) CAISO Agreements. Seller shall enter into any agreements with the CAISO required by the CAISO for generators delivering power into the CAISO-controlled grid. Except for such costs and charges as are expressly identified in this Agreement as Seller’s costs, Buyer shall reimburse Seller for all cos ts and charges under such agreements. Seller shall cooperate with Buyer to minimize any such costs as are to be reimbursed by Buyer; (e) Financial Statements. If requested by Buyer, Seller shall deliver to Buyer (a) within four (4) months following the e nd of each fiscal year, a copy of Seller’s and Seller’s Parent’s annual report containing audited consolidated financial statements for such fiscal year (or if not available, unaudited consolidated financial statements for such fiscal year) and (b) within forty-five (45) calendar days after the end of each of its first three (3) fiscal quarters of each fiscal year, a copy of Seller’s and Seller’s Parent’s quarterly report containing unaudited consolidated financial statements for such fiscal quarter. In all cases, the statements shall be for the most recent accounting period and shall be prepared in accordance with GAAP and shall be certified by the Chief Financial Officer or equivalent officer of Seller on behalf of Seller and of Seller’s Parent on behalf of Seller’s Parent, dated no earlier than ten POWER PURCHASE AGREEMENT - Page 33 of 65 (10) Business Days prior to delivery to Buyer (i) as fairly presenting the financial condition of Seller and Seller’s Parent, as applicable, subject only to what would typically be included in year-end audit adjustments and footnotes; provided, however, that should any such statements not be available on a timely basis due to a delay in preparation or certification, such delay shall not constitute an Event of Default so long as Seller diligently pursues the preparation, certification and delivery of the statements; (f) Notice of Expected Initial Capacity. Within fifteen (15) calendar days of the later of (i) obtaining the authority to construct for the Plant from the applicable Governmental Authority or (ii) Seller’s receipt of the system impact and facility cost studies from the Participating TO, Seller shall provide written notice to Buyer stating t he then-expected Initial Capacity of the Plant in MW AC (which shall be subject to the Initial Capacity limits described in Section 2.3(c)(ii)) and specifying other material key P lant design details; (g) Site Size Requirement . Seller agrees and hereby certifies to Buyer that the Site (including any proposed modification to the Site described in Section 4.2(h)) shall be sufficient in size and scope to accommodate both the Plant and the potential future build out of a Battery Storage Facility (whether the Parties agree to develop the battery storage facilities or not). Seller acknowledges and agrees that Buyer’s potential ability to add a Battery Storage Facility under Section 2.12 and the obligation to size the Site accordingly in this Section 4.2(g) are material inducements to Buyer to enter into this Agreement . (h) Modification of Site. Seller shall not modify the Site without the prior written consent of Buyer, which consent shall not be unreasonably withheld, conditioned or delayed. With respect to any proposed Site modification Seller shall provide written notice to Buyer describing the proposed Site modification, the reasons therefor, and the extent of any impact such modification would have upon any and all of the Milestones and including a revised Exhibit A reflective of the proposed modification. Seller shall provide Buyer with other relevant information reasonably requested by Buyer regarding the proposed Site modification. At all times during this Agreement, Seller covenants that the Site (and any proposed Site modification) shall be sufficient in size and scope to accommodate both the Plant and a potential future build out the Battery Storage Facility as contemplated by Section 2.12 (whether the Parties agree to develop the battery storage facilities or not). Notwithstanding any provision to the contrary, any fees and costs related to modifications contemplated by this Section 4.2(h) shall be subject to Section 10.12(a). (i) Final Site Drawings. Seller shall provide to Buyer final Site Drawings ninety (90) days prior to the Commercial Operation Date. POWER PURCHASE AGREEMENT - Page 34 of 65 4.3 Construction Milestones. (a) Seller Pursuit of Milestones. The Parties agree that time is of the essence in the performance of Seller’s obligations under this Agreement. The Parties further agree that the Milestones must be achieved in a timely fashion or Buyer shall suffer damages which are difficult to estimate with reasonable certainty. Upon request, Seller shall promptly provide Buyer with documentation satisfactory to Buyer, acting in the reasonable exercise of Buyer’s discretion, to support the progress, status and achievement of the Milestones by the dates set forth below (in addition to the reports, notices, updates, certifications, documentation and materials described in this Section 4.3 below). (b) Individual Milestones. Seller covenants that it shall diligently pursue to completion each of the following Milestones: (i) By December 22, 2017, Seller shall have executed and delivered to Buyer the Interconnection Agreement for the Plant (the “Interconnection Agreement Milestone”); (ii) By August 28, 2019, Seller shall have obtained the Conditional Use Permit necessary, in final form, to commence construction of the Plant (the “Conditional Use Permitting Milestone”); (iii) By August 28, 2019, Seller shall have obtained all Permits necessary, in final form, to commence construction of the Plant (the “Permitting Milestone”); (iv) By October 15, 2019, Seller shall have arranged for the financing of the construction of the Plant or otherwise make funds available to commence and complete construction (the “Financing Milestone”); (v) By August 3, 2020, Seller shall have commenced construction of the Plant (the “Construction Milestone”); (vi) By June 1, 2021, Seller shall deliver the COD Certification to Buyer (the “Commercial Operation Milestone”); and (vii) By August 1, 2021, Seller shall have obtained a Full Capacity Deliverability Status Finding from the CAISO (the “FCDS Finding Milestone”). (c) Development Progress Reports. Seller shall regularly provide to Buyer Development Progress Reports concerning the progress towards construction and completion of each of the Milestones (including whether Seller has met or is on target to meet each of the Milestones), which shall be substantially similar in form and substance to that attached as Exhibit E, and include such additional information as reasonably required by Buyer in its sole discretion. Seller shall also agree to meetings between representatives of Buyer and Seller to review such monthly reports and discuss Seller’s construction progress, as Buyer may request from time POWER PURCHASE AGREEMENT - Page 35 of 65 to time. Seller shall deliver the Development Progress Report to Buyer describing activities for the applicable Report Period no less frequently than: (i) From the Execution Date until completion of the Interconnection Agreement Milestone, on a bi-annual basis, with the first Development Progress Report due under this Section 4.3(c)(i) on the date that is six (6) months after the Execut ion Date and with each subsequent Development Progress Report due under this Section 4.3(c)(i) on the date that is the six (6) calendar month anniversary of the prior due date; (ii) From the Interconnection Agreement Milestone until Seller delivers the Notice to Proceed to the EPC Contractor for the Plant , on a quarterly basis, with the first Development Progess Report due under this Section 4.3(c)(ii) on the date that is fifteen (15) days after the close of the first full calendar quarter following Seller’s achievement of the Interconnection Agreeent Milestone and with each subsequent Development Progress Report due under this Section 4.3(c)(ii) on the date that is fifteen (15) days after the close of each calendar quarter thereafter ; (iii) From the date Seller delivers the Notice to Proceed to the EPC Contractor for the Plant until achievement of all Milestones, on a monthly basis, with the first Development Progress Report due under this Section 4.3(c)(iii) on the date that is fifteen (15) days after the close of the first full calendar month following Seller’s delivery of the Notice to Proceed to the EPC Contractor for the Plant and with each subsequent Development Progress Report due under this Section 4.3(c)(iii) on the date that is fifteen (15) days after the close of each month thereafter. (d) Notice of Commercial Operation Date and COD Certification. Seller shall provide written notice to Buyer thirty (30) calendar days in advance of the anticipated Commercial Operation Date, and shall provide Buyer with written weekly updates thereafter detailing the status of Seller’s progress in achieving Commercial Operation until the week preceding the Commercial Operation Date. Once Commercial Operation of the Plant has commenced, Seller shall deliver to Buyer by electronic mail or facsimile, with originals to follow by hand-delivery, courier or mail service, the COD Certification in the form attached hereto as Exhibit E-2, which date of delivery shall establish the Commercial Operation Date as described in the COD Certification. (e) Certification of Completion of Milestone. Within five (5) Business Days of the completion of each Milestone (except for the Commercial Operation Milestone which certification is described in subsection (d) above), Seller shall provide a certification to Buyer (along with any relevant supporting documentation), stating Seller’s achievement or satisfaction of each such Milestone. In addition, Seller shall provide to Buyer additional information concerning Seller’s progress towards, or confirmation of, achievement of the Milestones, as Buyer may reasonably request from time to time. (f) Notice of Failure to Achieve Milestone. Upon becoming aware that it shall, or is reasonably likely to, fail to achieve any Milestone by the required date, for any POWER PURCHASE AGREEMENT - Page 36 of 65 reason including a Force Majeure Event, Seller shall so notify Buyer, in writing, as soon as is reasonably practical. Such notice shall provide information regarding the cause of the delay, provide a revised estimat ed date for achievement of the Milestone(s), and otherwise describe Seller’s plan for meeting the Milestone(s). Seller’s notice shall also explain any impact such delay may or shall have on any other Milestone, and measures to be taken to mitigate such impact. 4.4 Milestone Excused Delay and Liquidated Damages. (a) Permitted Extensions to Milestones. In the event that a Force Majeure Event causes a delay to the achievement of any Milestone then, and in each such case, each Milestone deadline may be extended by that number of calendar days the applicable Force Majeure Event actually delays completion of such Milestone. For the avoidance of doubt, any extension of the deadline for one Milestone shall not extend the deadline for completion of any other Milestones. Notwithstanding the foregoing, (i) in no event shall the combined extensions under this Section 4.4(a) for any individual Milestone arising from Force Majeure Events exceed six (6) months in the aggregate; (ii) in no event shall the combined extensions under this Section 4.4(a) for all Milestones combined arising from Force Majeure Events exceed twelve (12) months in the aggregate; and (iii) if on any given day two or more events cause delay to a Milestone at the same time (i.e., occur concurrently), Seller shall only be entitled to one (1) day of delay for such day. (b) More Than Six (6) Months Excused Extensions; Daily LD Amount. If the combined excused extensions for any individual Milestone exceed six (6) months in the aggregate as set forth in Section 4.4(a)(i), Seller shall be liable to Buyer for liquidated damages for each day or portion of a day of unexcused delay in an amount equal to the Daily LD Amount. In Buyer’s sole discretion, Buyer shall be entitled to collect the Daily LD Amount for the relevant number of unexcused days of delay on a monthly basis within ten (10) days of Seller’s receipt of an invoice from Buyer therefor by one or more of the follo wing: (i) drawing upon the Development Assurance or Interim Assurance, as applicable (which shall be subject to the replenishment provisions set forth in Section 9.2(a)(i) or (ii), respectively); (ii) receiving payments from Seller; and/or (iii) setting off against any amounts owed to Seller by Buyer for the purchase of Output hereunder under Section 3.3. POWER PURCHASE AGREEMENT - Page 37 of 65 So long as Seller timely pays and continues to pay any and all of the Daily LD Amount when due, Buyer shall not be permitted to terminate this Agree ment for up to twelve (12) months. The Parties agree that Buyer’s receipt of the Daily LD Amount shall (x) not be construed as Buyer’s declaration that an Event of Default has occurred under any provision of Article VII and (y) not limit Buyer’s right to receive a Termination Payment or Damage Payment, as applicable, upon exercise of Buyer’s default right pursuant to Article VII. Each Party agrees and acknowledges that (I) the damages that Buyer would incur due to Seller’s delay in achieving the Milestones would be difficult or impossible to predict with certainty and (II) the Daily LD Amount is an appropriate approximation of such damages. (c) More than Twelve (12) Months Excused Extensions or Non-Payment of Daily LD Amount; Termination of Agreement . If for all Milestones the combined excused extensions exceed twelve (12) months in the aggregate as described in Section 4.4(a)(ii), or if for any reason Seller fails to pay, or discontinues paying, any or all of the Daily LD Amount when due, Buyer may terminate this Agreement by written notice to Seller. This twelve (12) month period shall not be further extended as a result of a Force Majeure Event , including a Force Majeure Event as contemplated by Section 6.3. In Buyer’s sole discretion, Buyer shall be entitled to collect the Damage Payment within ten (10) days of Seller’s receipt of an invoice from Buyer therefor by one or more of the following: (i) drawing upon the Development Assurance (which shall be subject to the replenishment provision set forth in Section 9.2(a)(i)); (ii) receiving payments from Seller within ten (10) days of receipt of an invoice from Buyer therefor; and/or (iii) setting off against any amounts owed to Seller by Buyer for the purchase of Output hereunder as set forth in Section 3.3. If Seller fails to achieve the Milestones, including the Construction Milestone and Commercial Operation Milestone, as permitted in and limited by the performance excuse provisions set forth in this Section 4.4, only the damages or remedy set forth in this Section 4.4(c), and no other, shall be available to Buyer; provided that, the Parties agree that the prior sentence shall not in any way limit Buyer’s right to receive a Damage Payment or Termination Payment, as applicable, including for failure to achieve the Construction Milestone or Commercial Operation Milestone, for any reason other than as described in this Section 4.4, including exercise of Buyer’s default right pursuant to Article VII. 4.5 Obligation to Schedule and Deliver. (a) Appointment of Scheduling Coordinator. As of the Execution Date, Buyer hereby appoints Seller to act on behalf of Buyer as its Scheduling Coordinator under this Agreement for the transmission, delivery and receipt of Output from the Plant at the Point of Interconnection in accordance with all applicable CAISO and related POWER PURCHASE AGREEMENT - Page 38 of 65 rules and protocols. At least ninety (90) days before the beginning of delivery of Test Energy, Seller shall take all actions and execute and deliver to Buyer or the CAISO all documents necessary to become and act as Buyer’s Scheduling Coordinator. Seller as Scheduling Coordinator shall do all things reasonably needed to comply with any obligations, and minimize any potential lia bility, under the CAISO Tariff. Seller represents, warrants and certifies that Seller shall be certified by the CAISO as a qualifying Scheduling Coordinator so long as it provides Scheduling Coordinator Functions on behalf of Buyer for the Plant. Seller as Buyer’s Scheduling Coordinator shall comply with all Scheduling Coordinator Functions under the CAISO Tariff and shall conduct all scheduling for the Plant in full compliance with the terms and conditions of this Agreement and the applicable CAISO Tariff, all requirements of EIRP (if applicable) and protocols and scheduling practices for Energy on a Day-Ahead basis or pursuant to the Hour-Ahead Scheduling Process, as such terms are defined in the CAISO Tariff, and the scheduling protocols attached hereto as Exhibit D. Commercial arrangements for such transmission and delivery services shall be coordinated and settled by the Scheduling Coordinator directly with the CAISO or other third parties. Seller shall act as Scheduling Coordinator, and perform any and all duties and responsibilities related thereto, at Seller’s own expense and at no charge to Buyer at all time during its appointment as Scheduling Coordinator hereunder . Buyer may at any time during the Term in its sole discretion and for any reason replace Seller as Scheduling Coordinator (or any subsequent Scheduling Coordinator) for the Plant with another Scheduling Coordinator upon fifteen (15) days advance written notice; provided that in such event the Scheduling Coordinator being replaced shall within ten (10) days of receipt of such notice provide copies of all scheduling-related records, data, hist ory and information to the replacement Scheduling Coordinator simultaneously with written certification of provision of the same to Buyer. (b) General Confirmations. The Parties acknowledge their general understanding and intent, subject to the terms and conditions of this Agreement, as follows: (i) Seller shall use all reasonable efforts consistent with Prudent Utility Practice to maximize the Output; (ii) Seller shall be responsible to arrange for, and shall bear all risks associated with, delivery of all Output to the Point of Interconnection; (iii) Buyer shall be obligated to pay for all Output delivered to the Point of Interconnection (subject to Section 2.4(a)); and (iv) Buyer shall be responsible to arrange for, and shall bear all risks associated with, acceptance and transmission of Output at and from the Point of Interconnection. (c) Curtailment Rights. POWER PURCHASE AGREEMENT - Page 39 of 65 (i) Mandatory Dispatch Down Periods. Seller shall reduce delivery amounts as directed by the CAISO, Participating TO, or any successor thereof during any Dispatch Down Period. For the avoidance of doubt, Buyer shall not be required to pay Seller for the Output that Seller could have delivered to Buyer but for such order. (ii) Discretionary Curtailment . (A) Buyer may require Seller to curtail deliveries of Output from the Plant to the Point of Interconnection for any reason in Buyer’s sole discretion (a “Discretionary Curtailment”) by delivering a dispatch notice to Seller, provided that (1) such Discretionary Curtailments shall be limited to a total of not more than twenty-five percent (25%) of the Expected Annual Energy Production, with the first fifty (50) hours of such amount in each Contract Year at no charge to Buyer, and (2) the dispatch notices shall be consistent with the operational characteristics set forth in Exhibit D. Seller shall reduce the Plant’s delivered Output by the amount and for the period set forth in each dispatch notice. (B) In addition to paying Seller for all Output actually delivered and not curtailed hereunder (subject to Section 2.4 and the adjustments in (a) and/or (b)), Buyer shall pay Seller, on the date payment would otherwise be due in respect of each month in which any Discretionary Curtailment occurred after giving effect to the maximum of fifty (50) hours of no -charge curtailment specified in Section 4.5(c)(ii)(A)(1), an amount equal to (1) the amount of Output that Seller could reasonably have delivered to Buyer but for such Discretionary Curtailment multiplied by (2) the Price, the Over-Production Energy Price and/or the Pre-FCDS Price, as applicable. (iii) Failure to Comply. If Seller fails to comply with a dispatch notice that meets the requirements for a Discretionary Curtailment, then, for the amount of Output (measured in MWhs of Output) that the Plant delivered in contradiction to the dispatch notice, Seller shall pay Buyer the greater of: (A) Two hundred percent (200%) of the aggregate Price for such MWhs plus any penalties or other charges actually incurred resulting from Seller’s failure to comply with the dispatch notice; and (B) the CAISO’s Real-Time Market price for the applicable PNode for such MWhs plus any penalties or other charges actually incurred resulting from Seller’s failure to comply with the dispatch notice. (d) Eligible Intermittent Resource; Participating Intermittent Resource; and Forecast Fee. POWER PURCHASE AGREEMENT - Page 40 of 65 (i) EIRP. Unless the Plant is not EIRP-eligible or as otherwise directed by Buyer pursuant to Section 2.2(b)(ii)(gg), (i) Seller shall provide Buyer with a copy of the notice from CAISO certifying the Plant as a Participating Intermittent Resource as soon as practicable after Seller’s receipt of such notice of certification, (ii) as of the first date of delivery of Test Energy and until the Plant receives certification as a Participating Intermittent Resource, Seller, at its sole cost, shall comply with EIRP and additional protocols issuec by the CAISO for Eligible Intermittent Resources, and (iii) throughout the Delivery Term, Seller, at its sole cost, shall participate in and comply with EIRP and all additional protocols issued by the CAISO for a Participating Intermittent Resource. If the EIRP is no longer made available by the CAISO or if Buyer directs Seller not to participate in such program, then throughout the Delivery Term, Seller, at its sole cost, shall participate in and comply with all other protocols, rules or regulations issued by the CAISO for generating facilities providing energy on an intermittent basis. Throughout the Delivery Term, Buyer in its limited capacity as Seller’s Scheduling Coordinator shall facilitate communication with the CAISO and provide other administrative materials to CAISO as necessary to satisfy Seller’s obligations as Seller’s Scheduling Coordinator . (ii) Forecast Fee. As an Eligible Intermittent Resource, the Scheduling Coordinator shall schedule Plant Output based upon a day-ahead and hour-ahead forecast developed by the CAISO (the “Forecasting Service”). Seller shall bear all forecast fees imposed by the CAISO for use of the Forecasting Service or any successor CAISO forecasting service up to and including $0.10/MWh (irrespective of whether Seller uses its own forecasting service in addition to the Forecasting Service). If such fees exceed this amount, the Parties shall each be responsible for, and each agrees to pay, fifty percent (50%) of such excess. Seller agrees to provide the Forecasting Service with sufficient data to support a reasonably accurate and unbiased forecast with respect to the Output to be sold by Seller to Buyer. To the extent the CAISO no longer provides the Forecasting Service (or a successor Forecasting Service) for the Plant Output, Seller and Buyer shall promptly coordinate to develop an alternative source for day-ahead and hour-ahead forecast information to be used by the Scheduling Coordinator for scheduling Plant Output. 4.6 Output Obligations, Performance LDs and Buyer’s Right to Operate. (a) Two (2) Year Minimum Production Threshold . Seller guarantees that the Calculation Period Deemed Delivered Energy Production for each Calculation Period shall be no less than the Two (2) Year Minimum Production Thresho ld for such Calculation Period in accordance with this Section 4.6. No less frequently than quarterly during each year, Seller shall calculate and prov ide notice to Buyer of the then-cumulative amount of the Seller Excused Energy Amount for such year, along with an explanation in reasonable detail of the calculation thereof based on historical Plant data, meteorological data, Output projections (including by the CAISO, if applicable) and other relevant data. The calculation shall be subject to POWER PURCHASE AGREEMENT - Page 41 of 65 review and approval by Buyer. (b) Performance LDs. If, for any Calculation Period, the Calculation Period Deemed Delivered Energy Production is less than the Two (2) Year Minimum Production Threshold (any such shortfall, in MWh, a “Shortfall”), then Seller may cure such Shortfall by paying or crediting Buyer liquidated damages based on the amount of such Shortfall in an amount equal to (i) the amount of such Shortfall multiplied by (ii) the per MWh Price in this Agreement multiplied by (iii) a factor of 1.2 (“Performance LDs”). In Buyer’s sole discretion, Buyer shall be entitled to collect Performance LDs within ten (10) days of Seller’s receipt of an invoice from Buyer therefor by one or more of the following: (i) drawing upon the Perfo rmance Assurance (which shall be subject to the replenishment provision set forth in Section 9.2(a)(iii); (ii) receiving payments from Seller on a monthly basis within ten (10) days of receipt of an invoice from Buyer therefor ; and/or (iii) setting off against any amounts owed to Seller by Buyer for the purchase of Output hereunder as set forth in Section 3.3. If for any Calculation Period Seller is obligated to pay or credit any Shortfall damages hereunder, then, for purposes of calculating the Ca lculation Period Deemed Delivered Energy Production for the immediately succeeding Calculation Period, the amount of the Calculation Period Deemed Delivered Energy Production for the first year in such succeeding Calculation Period shall be deemed to be equal to the greater of (a) the actual Calculation Period Deemed Delivered Energy Amount for such first year, or (b) eighty percent (80%) of the Calculation Period Expected Annual Energy Production for such first year. Except as otherwise expressly stated in this Section 4.6(b), the Performance LDs shall be Buyer’s sole monetary remedy for any Shortfall or failure to produce the Output or failure to maintain any specified Two Year Minimum Production Threshold (subject to Buyer’s right to operate in Section 4.6(c)). The Parties agree that Buyer’s receipt of the Performance LDs shall (x) not be construed as Buyer’s declaration that an Event of Default has occurred under any provision of Article VII and (y) not limit Buyer’s right to receive a Termination Payment upon exercise of Buyer’s default right pursuant to Article VII. Each Party agrees and acknowledges that (I) the damages that Buyer would incur due to Shortfall would be difficult or impossible to predict with certainty and (II) the Performance LDs are an appropriate approximation of such damages. (c) [Reserved]. POWER PURCHASE AGREEMENT - Page 42 of 65 ARTICLE V BUYER’S OBLIGATIONS 5.1 Delivery and Transmission. Except for Seller’s obligations pursuant to Sections 3.1, 4.1(k), 4.1(l) and 4.5(d), Buyer shall be solely responsible for paying costs and charges associated with the delivery and receipt of the Output under this Agreement at the Point of Interconnection and for the transmission and delivery of the Output from the Point of Interconnection to any other point downstream of the Point of Interconnection (including, without limitation, transmission costs and charges, competition transition charges, applicable control area service charges, transmission congestion charges, inadvertent energy flows, any other CAISO charges related to the transmission of such Output by the CAISO and any charge assessed or collected in the future pursuant to any utility tariff or rate schedule, however defined, for transmission or transmission-related service rendered by or for any transmission-owning or operating entity). If and to the extent that Seller fails to comply with the notice provisions in Section 4.1(g) concerning Forced Outages or with its obligations as outlined in the previous sentence, Seller shall be wholly responsible for all imbalances, deviations, or any other CAISO charges or penalties associated with such Forced Outage or CAISO Tariff obligation (it being understood, however, that all such charges and penalties (if any) shall be borne by Buyer if Seller has not failed to comply with such provisions or obligations). 5.2 Taxes. Buyer shall pay and be fully responsible for any sales, use, gross receipts, utility or other taxes, assessments or fees, if any, incurred or imposed on the sale or transfer of Output from Seller to Buyer under this Agreement. Buyer shall not be responsible for any taxes measured on the net income of Seller, ad valorem taxes paid by Seller that are associated with Seller’s rights and privileges relating to the Site or any taxes imposed as a result of Seller’s corporate structure, including, without limitation, limited liability company or other entity fees and taxes. 5.3 Notification of Transmission Outages. Buyer shall exercise reasonable efforts to provide Seller with as much advance notice as practicable of any Forced Outages on the Participating TO System or other transmission or delivery facilities which is reasonably likely to result in a Dispatch Down Period. POWER PURCHASE AGREEMENT - Page 43 of 65 ARTICLE VI FORCE MAJEURE 6.1 Remedial Action. Subject to the limitation on extensions of Milestones set forth in Section 4.4(a), a Party shall not be liable to the other Party if the Party is prevented from performing its obligations hereunder due to a Force Majeure Event. The Party rendered unable to fulfill an obligation by reason of a Force Majeure Event shall take all action necessary to remove such inability with all due speed and diligence. The non-performing Party shall be prompt and diligent in attempting to mitigate the effects of and to remove the cause of its failure to perform, and nothing herein shall be construed as permitting that Party to continue to fail to perform after said cause has been removed. Notwithstanding the foregoing, the existence of a Force Majeure Event shall not excuse any Party from its obligations to make payment of amounts due hereunder. 6.2 Notice. In the event of any delay or nonperformance resulting from a Force Majeure Event, the Party suffering the Force Majeure Event shall, as soon as practicable under the circumstances, notify the other Party, in writing, of the nature, cause, date of commencement thereof and the anticipated extent of any delay or interruption in performance. 6.3 Termination Due To Force Majeure Event. If a Party is prevented in any material respect from performing any material obligations under this Agreement solely due to a Force Majeure Event lasting for a period of twelve (12) consecutive months or longer, the unaffected Party may terminate this Agreement , without liability of either Party to the other, upon thirty (30) calendar days’ prior written notice at any time following expiration of such period of twelve (12) consecutive months . In such event, Buyer shall promptly return to Seller all Development Assurance, Interim Assurance or Performance Assurance, as applicable, less any LD Amount paid by or due and payable by Seller prior to the date of such termination for reasons unrelated to this Section 6.3. For the avoidance of doubt, this Section 6.3 shall not affect the rights and remedies associated with any other termination rights set forth in this Agreement. POWER PURCHASE AGREEMENT - Page 44 of 65 ARTICLE VII DEFAULT, REMEDIES AND TERMINATION 7.1 Events of Default by Buyer. The following shall each constitute an “Event of Default” by Buyer: (a) Buyer breaches any material obligation or covenant (other than one covered by Section 7.1(b) or (c) of this Agreement) and fails to cure such breach within thirty (30) calendar days after written notification of breach by Seller or, if the breach cannot be cured within thirty (30) calendar days, such longer period as may be necessary to cure such breach as long as Buyer is exercising dilige nt efforts to cure such breach; (b) Buyer fails to make any payment when due under this Agreement within thirty (30) calendar days after written notice that such payment is due; or (c) Buyer becomes Bankrupt. 7.2 Events of Default by Seller. The following shall each constitute an “Event of Default” by Seller: (a) Seller breaches any material obligation or covenant (other than ones covered by Sections 7.2(b) through and including (k) of this Agreement or for which a remedy is specified) and fails to cure such breach within thirty (30) calendar days after written notification of breach by Buyer or, if the breach cannot be cured within thirty (30) calendar days, such longer period as may be necessary to cure such breach as long as Seller is exercising diligent efforts to cure such breach; (b) Seller fails to make any payment when due under this Agreement within fifteen (15) calendar days after written notice that such payment is due; (c) Seller becomes Bankrupt ; (d) Seller consolidates or amalgamates with, or merges with or into, or transfers all or substantially all of its assets to, another entity and, at the time of such consolidation, amalgamation, merger or transfer, the resulting, surviving or transferee entity fails to assume all the obligations of Seller under this Agreement to which it or its predecessor was a party by operation of Law or pursuant to an agreement reasonably satisfactory to Buyer; (e) Seller sells or transfers the Output (or any individual component thereof), Expansion Plant Output (or any individual component thereof), if any, the right to the Output (or any individual component thereof), or the right to the Expansion Plant Output (or any individual component thereof) to the extent that such Expansion Plant Output is purchased by Buyer, to any Person other than Buyer. POWER PURCHASE AGREEMENT - Page 45 of 65 (f) Seller fails to comply with the terms of Buyer’s right of first refusal as described in Section 2.4(a) or 2.10 of this Agreement; (g) Subject to Section 4.4, Seller fails, for any reason other than an unauthorized act or omission by Buyer, to achieve the Construction Milestone; (h) Subject to Section 4.4, Seller fails, for any reason other than an unauthorized act or omission by Buyer, to achieve the Commercial Operation Milestone; (i) If at any time during the Term of this Agreement, Seller delivers or attempts to deliver to the Point of Interconnection for sale under this Agreement Output that was not generated by the Plant; (j) Failure by Seller to satisfy the creditworthiness or collateral requirements agreed to pursuant to Sections 9.1, 9.2 or 9.3 of this Agreement; or (k) Failure by Seller to achieve the Contract Delivery Start Date. 7.3 Termination for Default. (a) Declaration of Early Termination Date. If an Event of Default with respect to a defaulting Party shall have occurred, is continuing and has not been cured, the other Party (the “Non-Defaulting Party”) shall have the right to: (i) send notice, designating a day, no earlier than ten (10) calendar days after the day such notice is deemed to be received as an early termination date of this Agreement (“Early Termination Date”) on which to (A) collect the Damage Payment if any Event of Default arose at any time prior to the commencement of the Delivery Term, including an Event of Default pursuant to Section 7.2(j), or (B) collect the Termination Payment (which shall be calculated in accordance with Section 7.3(b)) if any Event of Default arose during the Delivery Term; (ii) accelerate all amounts owing between the Parties, terminate this Agreement and end the Delivery Term effective as of the Early Termination Date; (iii) withhold any payments due to the Defaulting Party under this Agreement; (iv) suspend performance; (v) exercise its rights pursuant to Section 9.1 of this Agreement to draw upon and retain Development Assurance, Interim Assurance or Performance Assurance, as applicable; and (vi) exercise any other right or remedy available at Law or in equity to the extent otherwise permitted under this Agreement. (b) Calculation of Termination Payment . POWER PURCHASE AGREEMENT - Page 46 of 65 (i) The Non-Defaulting Party shall calculate, in a commercially reasonable manner, a Termination Payment as of the Early Termination Date. Third parties supplying information for purposes of the calculation of Gains or Losses may include dealers in the relevant markets, end-users of relevant output, information vendors and other sources of market information. If the Non-Defaulting Party uses the market price for a comparable transaction to determine the Gains or Losses, such price should be determined by using the average of market quotations provided by three (3) or more bona fide unaffiliated market participants. If the number of available quotes is three, then the average of the three quotes shall be deemed to be the market price. Where a quote is in the form of bid and ask prices, the price that is to be used in the averaging is the midpoint between the bid and ask price. The quotes obtained shall be: (i) for a like amount, (ii) of the same Output, (iii) at the same (or a reasonably equivalent) PNode, and (iv) for the remainder of the Delivery Term, or in any other commercially reasonable manner. (ii) If the Non-Defaulting Party’s aggregate Gains exceed its aggregate Losses and Costs, if any, resulting from such termination of this Agreement, the amount of the Termination Payment shall be zero. (iii) The Non-Defaulting Party shall not have to enter into replacement transactions to establish a Termination Payment. (iv) The Termination Payment shall be the sole and exclusive remedy available to the Non-Defaulting Party in connection with its termination of this Agreement if any Event of Default arose during the Delivery Term, and shall not include consequential, incidenta l, punitive, exemplary, indirect or business interruption damages. (c) Notice of Termination Payment . As soon as practicable after notice of termination, notice shall be given by the Non-Defaulting Party to the Defaulting Party of the amount of the Termination Payment due from the Defaulting Party to the Non-Defaulting Party, if any. The notice shall include a written statement explaining in reasonable detail the calculation of such amount and the sources for such calculation. The Termination Payment shall be made to the Non-Defaulting Party fifteen (15) calendar days after such termination payment notice is effective. (d) Disputes Regarding Termination Payment . If the Defaulting Party disputes the Non-Defaulting Party’s calculation of the Termination Payment, in whole or in part, the Defaulting Party shall, within ten (10) calendar days of receipt of the Non-Defaulting Party’s calculation of the Termination Payment, provide to the Non-Defaulting Party a detailed written explanation of the basis for such dispute. Following delivery of such a notice, disputes regarding the Termination Payment shall be resolved in accordance with Section 10.10. (e) Damage Payment . The Parties agree that the Damage Payment to be paid by Seller for any Event of Default arising prior to the commencement of the Delivery Term POWER PURCHASE AGREEMENT - Page 47 of 65 shall be considered liquidated damages and not a penalty, in accordance with Section 7.4(D) and subject to Section 7.4(B). 7.4 Limitation of: Remedies, Liability and Damages. (A) THE PARTIES CONFIRM THAT THE EXPRESS REMEDIES AND MEASURES OF DAMAGES PROVIDED IN THIS AGREEMENT SATISFY THE ESSENTIAL PURPOSES HEREOF. (B) EXCEPT AS OTHERWISE PROVIDED HEREIN, THE RIGHTS AND REMEDIES OF A PARTY PURSUANT TO THIS ARTICLE VII SHALL BE CUMULATIVE AND IN ADDITION TO THE RIGHTS OF THE PARTIES OTHERWISE PROVIDED IN THIS AGREEMENT. (C) FOR BREACH OF ANY PROVISION FOR WHICH AN EXPRESS REMEDY OR MEASURE OF DAMAGES IS PROVIDED, SUCH EXPRESS REMEDY OR MEASURE OF DAMAGES SHALL BE THE SOLE AND EXCLUSIVE REMEDY, THE OBLIGOR’S LIABILITY SHALL BE LIMITED AS SET FORTH IN SUCH PROVISION AND ALL OTHER REMEDIES OR DAMAGES AT LAW OR IN EQUITY ARE WAIVED, UNLESS THE PROVISION PROVIDES THAT THE EXPRESS REMEDIES ARE IN ADDITION TO OTHER REMEDIES THAT MAY BE AVAILABLE. (D) IF NO REMEDY OR MEASURE OF DAMAGES IS EXPRESSLY PROVIDED HEREIN, THE OBLIGOR’S LIABILITY SHALL BE LIMITED TO DIRECT ACTUAL DAMAGES ONLY, SUCH DIRECT ACTUAL DAMAGES SHALL BE THE SOLE AND EXCLUSIVE REMEDY AND ALL SUCH OTHER REMEDIES OR DAMAGES AT LAW OR IN EQUITY ARE WAIVED UNLESS EXPRESSLY HEREIN PROVIDED. NEITHER PARTY SHALL BE LIABLE TO THE OTHER PARTY UNDER THIS AGREEMENT FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, EXEMPLARY OR CONSEQUENTIAL DAMAGES, INCLUDING, WITHOUT LIMITATION, LOSS OF USE, LOSS OF REVENUES, LOSS OF PROFIT, OR OTHER BUSINESS INTERRUPTION DAMAGES, INTEREST CHARGES, COST OF CAPITAL OR CLAIMS OF ITS CUSTOMERS OR MEMBERS TO WHICH SERVICE IS MADE, BY STATUTE, IN TORT OR CONTRACT, UNDER ANY INDEMNITY PROVISION OR OTHERWISE EXCEPT TO THE EXTENT PART OF AN EXPRESS REMEDY OR MEASURE OF DAMAGES HEREIN. EXCEPT AS SET FORTH IN ARTICLE IX AND EXCEPT TO THE EXTENT SELLE R VIOLATES ITS UNDERTAKING NOT TO PROVIDE OR SELL RIGHTS TO PART OR ALL OF THE OUTPUT OR EXPANSION PLANT OUTPUT, IF ANY, TO A PARTY OTHER THAN BUYER (EXCEPT AS SET FORTH IN SECTION 2.4(A)), SELLER SHALL NOT BE LIABLE TO BUYER FOR FAILURE TO PROVIDE ANY SPECIFIC AMOUNT OF OUTPUT HEREUNDER. POWER PURCHASE AGREEMENT - Page 48 of 65 (E) THE PARTIES ACKNOWLEDGE AND AGREE THAT THE (I) THE DAILY LD AMOUNT SET FORTH IN SECTION 4.4(b), (II) THE DAMAGE PAYMENT SET FORTH IN SECTION 4.4(c), (III) THE DAMAGE PAYMENT SET FORTH IN SECTION 7.3(a)(i)(B), AND (IV) THE PERFORMANCE LDS SET FORTH IN SECTION 4.6(b); ARE EACH REASONABLE AND REPRESENT A FAIR AND GENUINE ESTIMATE OF THE DAMAGES THAT WOULD OCCUR RELATED TO THE EVENTS DESCRIBED THEREIN. THE PARTIES ACKNOWLEDGE THAT IT WOULD BE IMPRACTICABLE OR EXTREMELY DIFFICULT TO FIX ACTUAL DAMAGES IN SUCH CIRCUMSTANCES, AND THEREFORE THEY HAVE DEEMED THE LIQUIDATED DAMAGES SET FORTH ABOVE TO BE THE AMOUNT OF DAMAGE SUSTAINED BY BUYER OR SELLER UPON THE OCCURRENCE OF SUCH CIRCUMSTANCES. THE PARTIES FURTHER AGREE THAT PAYMENT OF SUCH AMOUNTS SHALL BE AS AND FOR LIQUIDATED DAMAGES AND NOT AS A PENALTY AND ARE THEREFORE NOT SUBJECT TO AVOIDANCE UNDER CALIFORNIA CIVIL CODE SECTION 1671. ARTICLE VIII REPRESENTATIONS AND WARRANTIES 8.1 Seller’s Representations and Warranties. In addition to the representations and warranties set forth in other sections of this Agreement, Seller represents and warrants to Buyer that as of Seller Execution: (a) Seller is duly organized and validly existing as a limited liability company under the laws of Delaware, and has the lawful power to engage in the business it presently conducts and contemplates conducting in this Agreement, and Seller is duly qualified in California and each jurisdiction wherein the nature of the business transacted by it makes such qualification necessary; (b) Seller has the legal power and authority to make and carry out this Agreement and to perform its obligations hereunder; all such actions have been duly authorized by all necessary proceedings on its part; (c) Either: (1) the Plant shall on the Commercial Operation Date be a "qualifying small power production facility" (“QF”) as that term is defined in Section 3(17)(C) of the Federal Power Act (“FPA”) and shall be entitled to all of the exemptions from regulation provided in 18 CFR §§ 292.601(c) and 292.602 applicable to a QF with the capacity of the Plant; and (B) no approval POWER PURCHASE AGREEMENT - Page 49 of 65 (except with respect to "qualifying small power pro duction facility" status and market-based rate authorization under Section 205 of the FPA) with respect to this Agreement is required from FERC; or (2) Seller shall on the Commercial Operation Date be an "exempt wholesale generator" as that term is defined in Section 1262(6) of the Public Utility Holding Company Act of 2005, and (B) no approval (except with respect to “exempt wholesale generator" status and market based rate authorization under Section 205 of the FPA) with respect to this Agreement is required from FERC. In the event that the Plant is not a "qualifying small power production facility" that is exempt from Sections 205 and 206 of the FPA on the Commercial Operation Date or any date thereafter, Seller shall make appropriate filings under the Federal Power Act within sixty (60) calendar days so as to comply with applicable law, subject at all times to the provisions of Section 10.19 of this Agreement; (d) The execution, delivery and performance of this Agreement by Seller shall not conflict with its governing documents, any applicable laws, or any covenant, agreement, understanding, decree or order to which Seller is a party or by which it is bound or affected; (e) This Agreement has been duly and validly executed and delivered by Seller and, as of Seller Execution, constitutes a legal, valid and binding obligation of Seller, enforceable in accordance with its terms against Seller, except to t he extent that its enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the rights of creditors generally or by general principles of equity; (f) There are no actions, suits, proceedings or investigations pending or, to the knowledge of Seller, threatened, in writing, against Seller or any of its affiliates, at law or in equity, before any Governmental Authority, which individually or in the aggregate are reasonably likely to have a materially adverse effect on the business, properties or assets or the condition, financial or otherwise, of Seller, or to result in any impairment of Seller’s ability to perform its obligations under this Agreement; (g) It is not Bankrupt and there are no proceedings pending or being contemplated by it or any of its affiliates, or, to its knowledge, threatened against it or its affiliates which would result in it being or becoming Bankrupt; and (h) It is, or shall be deemed for all purposes to be, a forward contract merchant within the meaning of the U.S. Bankruptcy Code (as in effect as of the Execution Date of this Agreement). POWER PURCHASE AGREEMENT - Page 50 of 65 8.2 Buyer Representations and Warranties. Buyer represents and warrants to Seller that as of the Execution Date: (a) Buyer is a municipal corporation, duly organized and validly existing, and has the lawful power to engage in the business it presently conducts and contemplates conducting in this Agreement; (b) Buyer has the legal power and authority to make and carry out this Agreement and to perform its obligations hereunder and all such actions have been duly authorized by all necessary proceedings on its part; (c) The execution, delivery and performance of this Agreement by Buyer shall not conflict with its governing documents, any applica ble laws or any covenant, agreement, understanding, decree or order to which Buyer is a party or by which it is bound or affected; (d) This Agreement has been duly and validly executed and delivered by Buyer and, as of the Execution Date, constitutes a legal, valid and binding obligation of Buyer, enforceable in accordance with its terms against Buyer, except to the extent that its enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the rights of creditors generally or by general principles of equity; (e) There are no actions, suits, proceedings or investigations pending or, to the knowledge of Buyer, threatened, in writing, against Buyer, at law or in equity, before any Governmental Authority, which individually or in the aggregate are reasonably likely to have a materially adverse effect on the business, properties or assets or the condition, financial or otherwise, of Buyer, or to result in any impairment of Buyer’s ability to perform its obligat ions under this Agreement; (f) It is not Bankrupt and there are no proceedings pending or being contemplated by it or, to its knowledge, threatened against it which would result in it being or becoming Bankrupt; and (g) It is, or shall be deemed for all purposes to be, a forward contract merchant within the meaning of the U.S. Bankruptcy Code (as in effect as of the Execution Date of this Agreement). 8.3 Covenants. (a) General Covenants. In addition to other covenants in this Agreement, each Party covenants that throughout the Delivery Term: (i) it shall continue to be duly organized, validly existing and in good standing under the Laws of the jurisdiction of its formation; POWER PURCHASE AGREEMENT - Page 51 of 65 (ii) it shall maintain (or obtain from time to time as required, including through renewal, as applicable) all regulatory authorizations necessary for it to legally perform its obligations under this Agreement; and (iii) it shall perform its obligations under this Agreement in a manner that does not violate any of the terms and conditions in its governing documents, any contracts to which it is a party or any Law, rule, regulation, order or the like applicable to it. (b) Seller Covenants. In addition to other covenants in this Agreement, Seller covenants that : (i) Throughout the Delivery Term that it shall take no action or permit any other Person or entity (other than Buyer) to take any action that would impair in any way Buyer’s ability to rely on the Plant in order to satisfy its Resource Adequacy Requirements; and (ii) It shall comply with all CAISO Tariff requirements applicable to an Interconnection Customer (as defined in the CAISO Tariff) and shall take any other necessary action, including payment of fees and submission of requests, applications or other documentation, to promote the completion of the Electric System Upgrades prior to the Commercial Operation Date. ARTICLE IX DEVELOPMENT, INTERIM AND PERFORMANCE ASSURANCE 9.1 Grant of Security Interest/Remedies. To secure its obligations under this Agreement and to the extent Seller delivers the Development Assurance, Interim Assurance and/or Performance Assurance, as applicable, hereunder, Seller hereby grants to Buyer, as the secured party, a first priority secu rity interest in, and lien on (and right of setoff against), and assignment of, all such Development Assurance, Interim Assurance and/or Performance Assurance posted with Buyer in the form of cash collateral and cash equivalent collateral and any and all p roceeds resulting therefrom or the liquidation thereof, whether now or hereafter held by, on behalf of, or for the benefit of, Buyer. Within thirty (30) calendar days of the delivery of the Development Assurance, Interim Assurance or Performance Assurance, as applicable, Seller agrees to take such action as Buyer reasonably requires in order to perfect a first-priority security interest in, and lien on (and right of setoff against), such Development Assurance, Interim Assurance or Performance Assurance and any and all proceeds resulting therefrom or from the liquidation thereof, respectively. Upon or any time after the occurrence or deemed occurrence and during the continuation of an Event of Default or an Early Termination Date, Buyer, as the Non-Defaulting Party, may do any one or more of the following: POWER PURCHASE AGREEMENT - Page 52 of 65 (a) exercise any of the rights and remedies of a secured party with respect to all Development Assurance, Interim Assurance or Performance Assurance, as applicable, including any such rights and remedies under the law then in effect; (b) exercise its rights of setoff against any and all property of Seller, as the Defaulting Party, in the possession of the Buyer or Buyer’s agent; (c) draw on any outstanding Letter of Credit issued for its benefit; and (d) liquidate all Development Assurance, Interim Assurance or Performance Assurance, as applicable, then held by or for the benefit of Buyer free from any claim or right of any nature whatsoever of Seller, including any equity or right of purchase or redemption by Seller. Buyer shall apply the proceeds of the collateral realized upon the exercise of any such rights or remedies to reduce Seller’s obligations under the Agreement (Seller remaining liable for any amounts owing to Buyer after such application), subject to the Buyer’s obligation to return any surplus proceeds remaining after such obligations are satisfied in full. 9.2 Development Assurance, Interim Assurance and Performance Assurance. (a) Provision of Security by Seller. Except as set forth in Section 2.1(b), Seller agrees to deliver to Buyer collateral to secure its obligations under this Agreement which Seller shall maintain in full force and effect for the period posted with Buyer, as follows: (i) Development Assurance. Development Assurance pursuant to this Section 9.2(a)(i) in the amount of Five Million Two Hundred Thousand Dollars ($5,200,000.00) (equal to $200 per kW AC multiplied by the Expected Initial Capacity) and in the form of cash or a Letter of Credit within ten (10) calendar days following the Execution Date until Seller posts the Interim Assurance or Performance Assurance pursuant to Section 9.2(a)(ii) or (iii) below with Buyer, as applicable; provided that, if Buyer collects or is entitled to collect a Daily LD Amount by drawing upon the Development Assurance pursuant in Section 4.4(b)(i), Seller agrees that within ten (10) Business Days following written notice from Buyer related thereto, Seller shall replenish the Development Assurance by an amount equal to the encumbered Development Assurance ; (ii) Interim Assurance. Interim Assurance pursuant to this Section 9.2(a)(ii) in the amount of Two Million Six Hundred Thousand Dollars ($2,600,000,00) and in the form of cash or a Letter of Credit from the Commercial Operation Date until the Seller posts Performance Assurance pursuant to Section 9.2(a)(iii) below; provided that, (A) with Buyer’s consent, Seller may elect to apply a portion of the Development Assurance posted pursuant to Section 9.2(a)(i) toward the Interim Assurance posted pursuant to this Section POWER PURCHASE AGREEMENT - Page 53 of 65 9.2(a)(ii); and (B) Seller shall not be required to deliver to Buyer the Interim Assurance if the Commercial Operation Date occurs on the same date as t he Contract Delivery Start Date; and (C) if Buyer collects (or is entitled to collect) a Daily LD Amount for failure to achieve the Milestones by drawing upon the Interim Assurance pursuant to Section 4.4(b), Seller agrees that within ten (10) Business Days following written notice from Buyer related thereto, Seller shall replenish the Interim Assurance by an amount equal to the encumbered Interim Assurance; and (iii) Performance Assurance. Performance Assurance pursuant to this Section 9.2(a)(iii) in the amount of Two Million Six Hundred Thousand ($2,600,000.00) (equal to $100 per kW AC multiplied by the Expected Initial Capacity) and in the form of cash or a Letter of Credit from the Contract Delivery Start Date and ending at the expiration of the Delivery Term; provided that, (A) with Buyer’s consent, Seller may elect to apply a portion of the Development Assurance or Interim Assurance posted pursuant to Sectio n 9.2(a)(i) or 9.2(a)(ii) toward the Performance Assurance posted pursuant to this Section 9.2(a)(iii), as applicable; and (B) if Buyer collects or is entitled to collect Performance LDs by drawing upon the Performance Assurance pursuant in Section 4.6(b), Seller agrees that within ten (10) Business Days following written notice from Buyer related thereto, Seller shall replenish t he Performance Assurance by an amount equal to the encumbered Performance Assurance. The amount of Development Assurance, Interim Assurance and Performance Assurance required under this Agreement shall not be deemed a limitation of damages. (b) Use of Development Assurance. Buyer shall be entitled to draw upon the Development Assurance posted by Seller for its Daily LD Amount until the Development Assurance is exhausted , subject to the provision for replenishment set forth in Section 9(a)(1). Buyer shall also be entitled to draw upon the Development Assurance for any damages arising upon Buyer’s declaration of an Early Termination Date. (c) Termination of Development Assurance. If (i) Buyer terminates this Agreement pursuant to Section 2.1(b) or 2.9(c), or (ii) after the Commercial Operation Date (as extended pursuant to Section 4.4(a)), no damages are due and owing to Buyer under this Agreement ; then in either case Seller shall no longer be required to maintain the Development Assurance, and Buyer shall return to Seller the Development Assurance, plus interest under the applicable account, less the undisputed amounts drawn in accordance with Section 9.2(b), if any. The Development Assurance (or portion thereof) shall be returned within thirty (30) calendar days of Seller’s provision of the Interim Assurance or Performance Assurance unless, with Buyer’s consent, Seller elects to apply the POWER PURCHASE AGREEMENT - Page 54 of 65 Development Assurance (or a portion thereof) toward the Interim Assurance or Performance Assurance posted pursuant to Section 9.2(a)(ii) or (iii), as applicable. (d) Use of Interim Assurance. Buyer shall be entitled to draw upon the Interim Assurance posted by Seller for any damages arising in or during the time period from the Commercial Operation Date until the Contract Delivery Start Date upon Buyer’s declaration of an Early Termination Date. (e) Termination of Interim Assurance. If after the Contract Delivery Start Date, no damages are due and owing to Buyer under this Agreement, then Seller shall no longer be required to maintain the Interim Assurance, and Buyer shall return to Seller the Interim Assurance, plus interest under the applicable account, less the amounts drawn in accordance with Section 9.2(d). The Interim Assurance (or portion thereof) shall be returned to Seller within thirty (30) calendar days of Seller’s provision of the Performance Assurance unless, with Buyer’s consent, Seller elects to apply the Interim Assurance posted pursuant to Section 9.2(a)(ii) toward the Performance Assurance posted pursuant to Section 9.2(a)(iii), as applicable. (f) Return of Performance Assurance and Interest. Buyer shall return the unused portion of Development Assurance, Interim Assurance or Performance Assurance, as applicable, including the payment of any interest due thereon to Seller within thirty (30) days after the following has occurred: (i) the Term of the Agreement has ended, or subject to Section 7.3, an Early Termination Date has occurred, as applicable; and (ii) all payment obligations of the Seller arising under this Agreement, including payments pursuant to a Damage Payment, Termination Payment, indemnification payments or other damages are paid in full (whether directly or indirectly such as through set-off or netting). 9.3 Letter of Credit. Development Assurance, Interim Assurance or Performance Assurance provided in the form of a Letter of Credit shall be subject to the following provisions: (a) Renewal of Letter of Credit . If Seller has provided a Letter of Credit pursuant to any of the applicable provisions in this Article Nine, then Seller shall renew or cause the renewal of each outstanding Letter of Credit on a timely basis in accordance with this Agreement. (b) Failure of Letter of Credit and Cure. In the event the issuer of such Letter of Credit at any time (i) fails to maintain the requirements of an Eligible LC Bank or Letter of Credit, (ii) indicates its intent not to renew such Letter of Credit, or (iii) fails to honor Buyer’s properly documented request to draw on such Letter of Credit, Seller POWER PURCHASE AGREEMENT - Page 55 of 65 shall cure such occurrence by complying with either (A) or (B) below in an amount equal to the outstanding Letter of Credit, and by completing the action within five (5) Business Days after the date of Buyer’s notice to Seller of an occurrence listed in this subsection (Seller’s compliance with either (A) or (B) below is considered the “Cure”): (A) providing a substitute Letter of Credit that is issued by an Eligible LC Bank, other than the bank which is the subject of Buyer’s notice to Seller in Section 9.3(b) above, or (B) posting cash. If Seller fails to cure or if such Letter of Credit expires or terminates without a full draw thereon by Buyer, or fails or ceases to be in full force and effect at any time that such Letter of Credit is required pursuant to the terms of this Agreement, then Seller shall have failed to meet the creditworthiness or collateral require ments of Section 9.2. (c) Substitute Letter of Credit . Notwithstanding the foregoing in Section 9.3(b), if, at any time, the issuer of such Letter of Credit has a Credit Rating on “credit watch” negative or developing by S&P, or is on Moody’s “watch list” under review for downgrade or uncertain ratings action (either a “Watch”), then Buyer may make a demand to Seller by notice (“LC Notice”) to provide a substitute Letter of Credit that is issued by an Eligible LC Bank, other than the bank on a Watch (“Substitute Letter of Credit”). The Parties shall have thirty (30) Business Days from the LC Notice to negotiate a Substitute Letter of Credit (“Substitute Bank Period”). (i) If the Parties do not agree to a Substitute Letter of Credit by the end of the Substitute Bank Period, then Buyer shall provide Seller with Notice within five (5) Business Days following the expiration of the Substitute Bank Period (“Ineligible LC Bank Notice Period”) that either: (A) Buyer agrees to continue accepting the then currently outstanding Letter of Credit from the bank that is the subject of the LC Notice, but such bank shall no longer be an Eligible LC Bank (“Ineligible LC Bank”) and Buyer shall not accept future or renewals of Letters of Credit from the Ineligible LC Bank; or (B) the bank that is the subject of the LC Notice is an Ineligible LC Bank and Seller shall then have thirty (30) days from the date of Buyer’s Notice to Cure pursuant to Section 8.5(b) and, if Seller fails to Cure, then t he last paragraph in Section 9.3(b) shall apply to Seller. (ii) If the Parties have not agreed to a Substitute Letter of Credit and Buyer fails to provide a Notice during the Ineligible LC Bank Notice Period above, POWER PURCHASE AGREEMENT - Page 56 of 65 then Seller may continue providing the Letter of Credit posted immediately prior to the LC Notice. (d) Letter of Credit Costs. In all cases, the reasonable costs and expenses of establishing, renewing, substituting, canceling, increasing, reducing, or otherwise administering the Letter of Credit shall be borne by Seller. ARTICLE X MISCELLANEOUS 10.1 Indemnification. (a) Seller Indemnification Prior to Commercial Operation Date . Up to and including the Contract Delivery Start Dat e, Seller shall indemnify, defend, and hold harmless Buyer, and its City Council members, officers, agents and employees, from any claim, liability, loss, injury or damage arising out of, or in connection with, the negligence, willful misconduct or violation of applicable law by Seller and/or its agents, employees or sub-contractors, excepting only loss, injury or damage caused by the negligence, willful misconduct or violation of applicable law of personnel employed by Buyer to the extent caused by such negligence, willful misconduct or violation of applicable law of Buyer’s employed personnel. If an Indemnified Party determines that it is entitled to defense and indemnification under this Section 10.1, such Indemnified Party shall promptly notify the Indemnifying Party in writing of the losses, and provide all reasonably necessary or useful information, and authority to settle and/or defend the losses. No settlement that would impose costs or expense upon the Indemnified Party shall be made without such Party’s prior written consent. (b) Seller and Buyer Indemnification after Commercial Operation Date. After the Contract Delivery Start Date, each Party (“Indemnifying Party”) shall defend, indemnify and hold harmless the other Party and its officers, directors, employees, agents, affiliates and representatives and, in the case of Buyer, its City Council members (each, an “Indemnified Party”) from and against any and all losses, including but not limited to losses arising from personal injury or death, or damage to property, but only to the extent such losses result from or arise out of the negligence, willful misconduct or violation of applicable law by the Indemnifying Party, its employees, subcontractors or agents. If an Indemnified Party determines that it is entitled to defense and indemnification under this Section 10.1, such Indemnified Party shall promptly notify the Indemnifying Party in writing of the losses, and provide all reasonably necessary or useful information, and authority to settle and/or defend the losses. No settlement that would impose costs or expense upon the Indemnified Party shall be made without such Party’s prior written consent. POWER PURCHASE AGREEMENT - Page 57 of 65 10.2 Assignment. (a) General Assignment . Except as provided in Sections 10.2 (b) and (c), neither Party shall assign this Agreement or its rights hereunder without the prior written consent of the other Party, which consent shall not be unreasonably withheld , conditioned or delayed so long as among other things (i) the assignee as sumes the transferring Party’s payment and performance obligations under this Agreement, (ii) the assignee agrees in writing to be bound by the terms and conditions hereof, (iii) the transferring Party delivers financial statements, information and other evidence satisfactory to the non-transferring Party of the proposed assignee’s technical and financial capability to fulfill the assigning Party’s obligations hereunder and (iv) the transferring Party delivers such tax and enforceability assurance as the o ther Party may reasonably request. Seller shall be responsible for reimbursement of Buyer’s Attorneys’ Fees related to this Section 10.2(a) as described in Section 10.12(a). (b) Assignment to Financing Providers. Notwithstanding any provision to the contrary in this Section 10.2, Seller shall be permitted to assign this Agreement as collateral for any financing or refinancing of the Plant with the prior written consent of the Buyer, which consent shall not be unreasonably withheld, conditioned or delayed. If Buyer gives its consent, then such consent shall be in a form substantially similar to the Form of Lender Agreement attached hereto as Exhibit F-2; provided that (i) Buyer shall not be required to consent to any additional terms or conditions beyond those contained in Exhibit F-2, including extension of any cure periods or additional remedies for financing providers and (ii) Seller shall be responsible for reimbursement of Buyer’s Attorneys’ Fees as described in Section 10.12(a). (c) Assignment in Connection with a Change in Control. Notwithstanding any provision to the contrary in this Section 10.2, any direct or indirect change of control of Seller (whether voluntary or by operatio n of Law) shall be deemed an assignment and shall require the prior written consent of Buyer, which consent shall not be unreasonably withheld, conditioned or delayed. At Buyer’s request, Seller shall promptly deliver financial statements, information and other evidence satisfactory to Buyer regarding the proposed change of control of Seller. Seller shall be responsible for reimbursement of Buyer’s Attorneys’ Fees related to this Section 10.2(c) as described in Section 10.12(a). (d) Unauthorized Assignment. Any assignment or purported assignment in violation of this Section 10.2 is void. POWER PURCHASE AGREEMENT - Page 58 of 65 10.3 Notices. Unless otherwise expressly allowed hereunder, any notice, demand, request, or communication required or authorized by this Agreement shall be delivered either by hand, facsimile, electronic mail, overnight courier or mailed by certified mail, return receipt requested with postage prepaid, to: City of Palo Alto 250 Hamilton Avenue, 8th Floor Palo Alto, CA 94301 Attention: Senior Deputy City Attorney / Utilities Fax: (650) 329-2646 Email: jessica.mullan@cityofpaloalto.org with a copy to: City of Palo Alto 250 Hamilton Avenue, 3rd Floor Palo Alto, CA 94301 Attention: Director of Utilities Fax: (650) 329-2946 Email: on behalf of Buyer; and to: Hecate Energy Palo Alto LLC 115 Rosa Parks Blvd. Nashville, TN 37203 Attention: Chris Bullinger Telephone: 480-239-5617 Email: cbullinger@hecateenergy.com with a copy to: Hecate Energy, LLC 300 S. Wacker Dr., Ste. 1850 Chicago, IL 60606 Attention: Craig Overmyer Telephone: 312-357-9621 Email: covermyer@hecateenergy.com on behalf of Seller. The designation and titles of the person to be notified or the address of such person may be changed at any time by written notice delivered in the manner set forth in this Section 10.3. POWER PURCHASE AGREEMENT - Page 59 of 65 Whenever this Agreement requires or permits delivery of a “notice” (or requires a Party to “notify”), the Party with such right or obligation shall provide a written communication in the manner specified herein. Any such notice, demand, request, or communication shall be deemed received (i) if delivered by the delivering Party by hand, facsimile or electronic mail on the Business Day on which such notice was transmitted if received before 5:00 p.m. (and if received after 5:00 p.m., on the next Business Day) at the receiving party’s notice address specified in this Section 10.3; or (ii) upon receipt by the receiving Party if sent by overnight courier or mailed by certified mail, return receipt requested with postage prepaid; or (iii) if notice is required in the form of sub-sections (i) and (ii), then on the earlier of (i) or (iii). 10.4 Electronic Transmission. Facsimile or electronic or PDF transmission shall be the same as delivery of an original document; provided that, at the request of either Party, the other Party shall confirm facsimile or electronic or PDF signatures by signing and delivering an original document; provided further, however, that the execution and delivery of this Agreement and its counterparts shall be subject to Section 10.20. 10.5 Captions. All titles, subject headings, section titles and similar items are provided for the purpose of reference and convenience and are not intended to be inclusive, definitive or to affect the meaning of the contents or scope of the Agreement. 10.6 No Third Party Beneficiary. No provision of the Agreement is intended to, nor shall it in any way, inure to the benefit of any customer, property owner or any other third party, so as to constitute any such Person a third party beneficiary under the Agreeme nt, or of any one or more of the terms hereof, or otherwise give rise to any cause of action in any Person not a Party hereto. 10.7 No Dedication. No undertaking by one Party to the other under any provision of the Agreement shall constitute the dedication of that Party's system or any portion thereof to the other Party or to the public or affect Seller as an independent entity and not a public utility. 10.8 Entire Agreement; Integration; Amendments. This Agreement, together with the Preamble and each and every exhibit, appendix, attachment, amendment, schedule and any written supplements hereto, if any, constitutes the entire, integrated agreement between the Parties and supersedes any and all prior oral or written understandings. No amendment, addition to or modification of any provision hereof shall be binding upon the Parties, and neither Party shall be deemed to have waived any provision or any remedy available to it, unless such amendment, addition, modification or waiver is made, in writing, and signed by a duly authorized officer or representative of POWER PURCHASE AGREEMENT - Page 60 of 65 the Parties. 10.9 Applicable Law. This Agreement and the rights and duties of the Parties hereunder shall be construed, enforced and performed in accordance with the laws of the state of California, and/or the laws of the United States, as applicable, without regard to principles of conflicts of law which may direct the application of the laws of another jurisdiction. 10.10 Venue. The Parties hereby submit to the exclusive jurisdiction of the federal courts for the Northern District of the State of California; provided, however, that if such federal courts sitting in the Northern District of the State of California refuse jurisdiction, the Parties agree to the exclusive jurisdiction of the stat e courts sitting in the County of Santa Clara, State of California. 10.11 Rule of Construction. This Agreement shall be considered for all purposes as prepared through the joint efforts of the Parties and shall not be construed against one Party or the other as a result of the preparation, substitution, submission or other event of negotiation, drafting or execution hereof. 10.12 Attorneys’ Fees and Costs. (a) Buyer’s Costs Due to Seller’s Change. Notwithstanding any provision to the contrary herein, Buyer shall be entitled to recover from Seller, upon Buyer’s request, Buyer’s Attorneys’ Fees associated with the review, evaluation, negotiation, execution and/or delivery of any and all documents, consents, amendments, modifications or restatements related to this Agreement pursuant to Sections 4.2(h), 10.2(a), 10.2(b), and 10.2(c) and, if such actions require any actions beyond the giving of notice by Buyer, any and all other Seller-initiated proposed modifications (whether agreed to or not) of any and all terms or conditions of this Agreement which include, by way of illustration, but not of limitation: Milestones, Price, Capacity, quantity of Output, Point of Interconnection, FCDS Finding and/or Discretionary Curtailment. The Parties agree that this Section 10.12(a) shall be inter preted inclusively and broadly, with the intention of reimbursing Buyer for its legal fees, expenses and costs rather than not. (b) Judicial Action. If a suit or action is instituted to enforce or interpret any term of this Agreement, t he prevailing party in any suit or action brought to enforce or interpret the provisions of this Agreement shall be entitled to recover its Attorneys’ Fees at any hearing, any trial, on appeal, and on any petition for review or other trial court or appellate proceeding. In addition, the prevailing party shall be entitled to recover its Attorneys’ Fees incurred in enforcing its rights under this Agreement in POWER PURCHASE AGREEMENT - Page 61 of 65 connection with any nonjudicial action or the exercise of nonjudicial remedies, and in any administration, arbitrative, mediation or dispute resolution process or proceeding. 10.13 Nature of Relationship. The duties, obligations and liabilities of the Parties are intended to be several and not joint or collective. The Agreement shall not be interpreted or construed to create an association, joint venture, fiduciary relationship or partnership between Seller and Buyer or to impose any partnership obligation or liability or any trust or agency obligation or r elationship upon either Party. Seller and Buyer shall not have any right, power or authority to enter into any agreement or undertaking for, or act on behalf of, or act as or be an agent or representative of or otherwise bind the other Party. 10.14 Good Faith and Fair Dealing; Reasonableness. The Parties agree to act reasonably and in accordance with the principles of good faith and fair dealing in the performance of this Agreement. Unless expressly provided otherwise in this Agreement, (i) wherever the Agreement requires the consent, approval or similar action by a Party, such consent, approval or similar action shall not be unreasonably withheld, conditioned or delayed, and (ii) wherever the Agreement gives a Party a right to determine, require, specify or take similar action with respect to matters, such determination, requirement, specification or similar action shall be reasonable , unless a different standard is otherwise specified in this Agreement . 10.15 Severability. Should any provision of the Agreement be or become void, illegal or unenforceable, the validity or enforceability of the other provisions of the Agreement shall not be affected and shall continue in full force and effect. The Parties shall, however, use their best endeavors to agree on the replacement of the void, illegal, or unenforceable provision(s) with legally acceptable clauses which correspond as closely as possible to the sense and purpose of the affected provision. 10.16 Confidentiality. (a) Public Records Act and Confidential Information Designated by Seller. Seller acknowledges that Buyer is a public agency subject to the disclosure requirements of the California Public Records Act, Cal. Gov. Code § 6250 et seq. (“CPRA”). If documents or information submitted to Buyer contain S eller’s proprietary and confidential information and Seller claims that such information falls within one or more CPRA exemptions, Seller must clearly mark such information “CONFIDENTIAL AND PROPRIETARY”, and identify the specific lines containing such information (the “Confidential Information”). Buyer shall disclose such Confidential Information to third parties only to the extent required by California law (including, without limitation, the California Constitution, the CPRA and the Brown Act) as set fo rth in this Section 10.16. POWER PURCHASE AGREEMENT - Page 62 of 65 (b) Disclosure of Confidential Information by Buyer . In the event of a third party request for Buyer to disclose such Confidential Information, Buyer shall make reasonable efforts to provide notice to Seller prior to disclosure. If Seller contends that any Confidential Information is exempt from the CPRA and wishes to prevent disclosure, Seller shall obtain a protective order, injunctive relief or other appropriate remedy from a court of law in Santa Clara County before Buyer’s deadline for responding to the CPRA request. If Seller fails to obtain such remedy prior to Buyer’s deadline for responding to the CPRA request, Seller agrees that Buyer may disclose the requested Confidential Information. Seller further agrees that Buyer shall have no liability to Seller arising out of any disclosure by Buyer of any Seller Confidential Information before Seller has timely obtained an order, injunctive relief or other appropriate remedy to prevent Buyer from making the requested third party disclosure. Each Party shall be bound by its obligations of confidentiality hereunder for a period of two (2) years from the expiration or earlier termination of this Agreement. (c) Non-Confidential Information. Notwithstanding anything to the contrary in this Section 10.16, nothing shall restrict any Party from using or disclosing confidential information in any manner it chooses which (i) is or becomes generally available to the public other than as a result of a disclosure directly or indirectly by the disclosing Party or its representative(s); (ii) was within the using or disclosing Party’s possession prior to it being furnished hereunder, provided that such information is not subject to another confide ntiality agreement with, or other contractual, legal or fiduciary obligation of confidentiality to, any other party with respect to such information; (iii) is rightfully obtained by a Party from third parties authorized to make such disclosure without rest riction; (iv) is legally required to be disclosed by judicial or other governmental action as determined by such Party’s attorney acting in good faith (including, but not limited to, the California Constitution, the CPRA and the Brown Act); or (v) is disclosed without a duty of confidentiality to a third party by, or with the authorization of, the disclosing Party; or (vi) is independently developed by the recipient. (d) Disclosure to the City Council of Palo Alto . Notwithstanding any provision to the contrary in this Section 10.16, Buyer shall be permitted to disclose this Agreement and related information to the City Council of Palo Alto for the express purpose of obtaining approval to execute this Agreement , including any written amendment or modification thereto. POWER PURCHASE AGREEMENT - Page 63 of 65 10.17 Cooperation. The Parties agree to reasonably cooperate with each other in the implementation and performance of the Agreement. Such duty to cooperate shall not require either Party to act in a manner inconsistent with its rights under the Agreement. 10.18 Audit. Both Parties shall maintain all records relating to the other Party or this Agreement for a minimum of two (2) years after the expiration or earlier termination of the Term and shall permit the other Party, upon reasonable notice, at its sole expense and during normal working hours, to examine such records as the requesting Party deems reasonably necessary to protect its rights. 10.19 Mobile Sierra Doctrine. Notwithstanding any provision of this Agreement, the Parties intend that the standard of review for changes to any rate, charge, classification, term or condition of this Agreement proposed by a Party shall be the “Mobile-Sierra public interest” standard of review, as stated by the United States Supreme Court in Morgan Stanley Capital Group Inc. v. Public Utility District No. 1 of Snohomish County, 554 U.S. 1164 (2008) and consistent with the order of the Supreme Court in NRG Power Marketing LLC, et al. v. Maine Public Utilities Commission et al., No. 08-674, 130 S.Ct 693 (2010). Any modifications proposed by a non-contracting third party or FERC acting sua sponte shall be the most stringent standard permissible under applicable law. 10.20 Counterparts. This Agreement may be executed in one or more counterparts and by different Parties on separate counterparts, all of which shall be deemed one and the same agreement and each of which shall be deemed an original. Delivery of an executed counterpart of this Agreement by fax or other electronic means shall be deemed as effective as delivery of an originally executed counterpart. Any Party delivering an executed counterpart of this Agreement by facsimile or other electronic means shall also deliver an originally executed counterpart, but the failure of any Party to deliver an originally executed counterpart of this Agreement shall not affect the validity or effectiveness of this Agreement. 10.21 Debt Liability Disclaimer. For the avoidance of doubt, the Buyer, including, but not limited to, any source of funding for Buyer, any General Fund of Buyer or any special self-insurance program, is not liable for any debts, liabilities, settlements, liens, or any other obligations of the Seller or its heirs, successors or assigns. Buyer shall not be liable for and shall be held harmless and indemnified by Seller for (a) any claims or damages arising out of any other contract to which Seller is a party, and (b) subject to Section 10.1(b), any tortious action or inaction, negligent error in judgment, act of negligence, intentional tort, negligent mistakes or other POWER PURCHASE AGREEMENT - Page 64 of 65 acts taken or not taken by the Seller, its employees, agents, servants, invitees, guests or anyone acting in concert with or on behalf of the Seller. 10.22 No Implied Waiver of Breach. Waiver by a Party of any breach of a specific provision of this Agreement shall not be construed as a waiver of any other breach of that term or any other term of this Agreement. [SIGNATURE PAGE ON NEXT PAGE] POWER PURCHASE AGREEMENT - Page 65 of 65 SIGNATURE PAGE IN WITNESS WHEREOF, each of the Parties have caused this Agreement to be duly executed as of the day, month and year set forth next to each of the Parties’ signatures below. SELLER: Hecate Energy Palo Alto LLC By: Name: Chris Bullinger Title:Manager Date: January 6, 2016 BUYER: CITY OF PALO ALTO APPROVAL AS TO FORM: By: Name: Title: Senior Deputy City Attorney Date: CITY OF PALO ALTO APPROVAL BY ADMINISTRATIVE SERVICES DIRECTOR By: Name: Lalo Perez Title: Administrative Services Director Date: CITY OF PALO ALTO APPROVAL BY UTILITIES DIRECTOR By: Name: Title: Utilities Director Date: CITY OF PALO ALTO APPROVAL BY CITY MANAGER By: Name: James Keene Title: City Manager Date: CITY OF PALO ALTO APPROVAL BY MAYOR By: Name: Title: Mayor Date: EXHIBIT A – Page 1 EXHIBIT A PLANT DESCRIPTION AND SITE DRAWINGS Plant Description Plant name: Wilsona Solar Plant physical address: Near the corner of 240th St. and E Palmdale Blvd. in Palmdale, CA 93591 Total number of units at the Plant : 26 inverters of 1 MWac capacity each Technology t ype (including any applicable model): PV solar modules connected to solar inverters that connect to the grid via transformers Interconnection Point of Plant: Wilsona Substation (Pnode: WILSONA_6_N001) Local Capacity Area: N/A Nameplate capacity of the Plant: 26 MWac Description of units: More than 80,000 photovoltaic solar modules mounted on trackers and connected to 26 inverters that convert DC power to AC Power. The inverters are connected to the grid via transformers Site Drawings Site Map: The term, “Site” as defined in the Agreement means the following parcel description upon which the generating facility is located and as identified in the following topographical map and Assessed Parcel Number, and the below Interconnection Facilities and metering configuration as evidenced in the related diagram (collectively, the “Site Drawings”): [INSERT MAP] Assessed Parcel No.: ______________ Interconnection Facilities and metering diagram: The Plant shall use the following Interconnection Facilities and metering configuration as identified in this one-line diagram included in this Exhibit A: [INSERT ONE-LINE DIAGRAM FOR INTERCONNECTION FACILITIES AND METERING] EXHIBIT B - Page 1 EXHIBIT B ENVIRONMENTAL ATTRIBUTE TRANSFER FROM SELLER TO BUYER Participation in the Western Renewable Energy Generation Information System. Seller shall, at its sole expense take all actions and execute all documents or instruments necessary to ensure that all WREGIS Certificates associated with all Renewable Energy Credits corresponding to all delivered Output are issued and tracked for purposes of satisfying the applicable requirements of the California Renewables Portfolio Standard and transferred in a timely manner to Buyer for Buyer’s sole benefit. Seller shall comply with all applicable laws, including, without limitation, the WREGIS Operating Rules, regarding the certification and transfer of such WREGIS Certificates to Buyer and Buyer shall be given sole title to all such WREGIS Certificates. Seller shall be deemed to have satisfied the warranty in this EXHIBIT B, paragraph (h) provided that Seller fulfills its obligations under this EXHIBIT B, paragraphs (a) through (h) below. In addition: (a) Prior to the Contract Delivery Start Date, Seller shall register the Plant with WREGIS and establish an account with WREGIS (“Seller’s WREGIS Account”), which Seller shall maintain until the end of the Delivery Term. Seller shall transfer the WREGIS Certificates using “Forward Certificate Transfers” (as described in the WREGIS Operating Rules) from Seller’s WREGIS Account to the WREGIS account (s) of Buyer or the account(s) of a designee that Buyer identifies by Notice to Seller (“Buyer’s WREGIS Account”). Seller shall be responsible for all expenses associated with registering the Plant with WREGIS, establishing and maintaining Seller’s WREGIS Account, paying WREGIS Certificate issuance and transfer fees, and transferring WREGIS Certificates from Seller’s WREGIS Account to Buyer’s WREGIS Account. (b) Seller shall cause Forward Certificate Transfers to occur on a monthly basis in accordance with the certification procedure established by the WREGIS Operating Rules. Since WREGIS Certificates shall only be created for whole MWh amounts of Energy generated, any fractional MWh amounts (i.e., kWh) shall be carried forward until sufficient generation is accumulated for the creation of a WREGIS Certificate. (c) Seller shall, at its sole expense, ensure that the WREGIS Certificates for a given calendar month correspond with the Energy corresponding to delivered Output for such calendar month as evidenced by the Plant’s metered data. (d) Due to the ninety (90) day delay in the creation of WREGIS Certificates relative to the timing of invoice payment under Section 3.3, Buyer shall make an invoice payment for a given month in accordance with Section 3.3 before the WREGIS Certificates for such month are formally transferred to Buyer in accordance with the WREGIS Operating Rules and this EXHIBIT B. Notwithstanding this delay, Buyer shall have all right and title to all such WREGIS Certificates upon payme nt to Seller in accordance with Section 3.3. (e) A “WREGIS Certificate Deficit” means any deficit or shortfall in WREGIS Certificates delivered to Buyer for a calendar month as compared to the delivered Energy for the same calendar month (“Deficient Month”), after taking into account applicable delays in the EXHIBIT B - Page 2 issuance of WREGIS Certificates referenced in the prior paragraph or otherwise arising under WREGIS Operating Rules. If any WREGIS Certificate Deficit is caused, or the result of any action or inaction, by Seller, then Seller shall take all actions reasonably necessary to remedy such circumstances and failure to do so shall be a breach hereunder by Seller. (f) Without limiting Seller’s obligations under this EXHIBIT B, to the extent a WREGIS Certificate Deficit is caused by an error or omission of WREGIS, the Parties shall cooperate in good faith to cause WREGIS to correct its error or omission. (g) If WREGIS changes the WREGIS Operating Rules after the Execution Date or applies the WREGIS Operating Rules in a manner inconsistent with this EXHIBIT B after the Execution Date, the Parties promptly shall modify this EXHIBIT B as reasonably required (i) to cause and enable Seller to transfer to Buyer’s WREGIS Account a quantity of WREGIS Certificates for each given calendar month that corresponds to the delivered Energy in the same calendar month or (ii) as may otherwise be reasonably appropriate to address such inconsistency. (h) Seller warrants that all necessary steps to allow the Renewable Energy Credits transferred to Buyer to be tracked in the Western Renewable Energy Generation Information System shall be taken prior to the first delivery under this Agreement. EXHIBIT C – Page 1 EXHIBIT C INSURANCE COVERAGES At its own expense, Seller shall secure and maintain during the Term the following insurance with the coverage amounts indicated for occurrences during and arising out of Seller’s performance of this Agreement. Such insurance shall be placed with responsib le and reputable insurance companies as determined by Buyer in its reasonable discretion in compliance with Requirements of Laws applicable to Seller. (a) Workers’ Compensation/Employer’s Liability. Seller shall maintain Workers’ Compensation Insurance and Employer’s Liability Insurance which comply with Requirements of Laws applicable to Seller. (b) Automobile Liability. Seller shall maintain Automobile Liability Insurance in compliance with Requirements of Laws applicable to Seller, including coverage for owned, non-owned and hired automobiles for both bodily injury (including death) and property damage, including automobile liability contractual endorsement and uninsured/underinsured motorist protection endorsements. (c) Third Party Liability. Seller shall maintain third party liability insurance in compliance with Requirements of Laws applicable to Seller on a project -specific basis covering against legal responsibility to others as a result of bod ily injury, property damage and personal injury arising from the operation and maintenance of the Plant. Such policy shall be written with a limit of liability not less than $10,000,000 and a deductible not to exceed $10,000. Such liability may be in any combination of primary and excess/umbrella. Coverage shall include, but not be limited to, premises/operations, explosion, collapse, underground hazards, broad form property damage and personal injury liability. Such coverage shall not contain exclusions for punitive or exemplary damages. (d) Property Insurance. Seller shall maintain third party property insurance on a project-specific basis covering cost of repairing Plant and or interconnection equipment to operational condition. Such policy shall be written with coverage sufficient to replace and rebuild the Plant. Coverage shall include, but not be limited to, fire, storm damage, equipment failure, damage to equipment precluding operation under prudent utility practice, premises/operations, explosion, collapse, underground hazards, broad form property damage. Upon the request from Buyer, Seller shall promptly provide Buyer with applicable insurance certificates confirming the insurance coverages required above. EXHIBIT E-1 – Page 1 EXHIBIT D SCHEDULING PROTOCOLS Dated: ___________, 2016 The following scheduling protocols shall govern the scheduling of Output from the Plant pursuant to that certain Power Purchase Agreement dated as of ___, 201 6, by and between the City of Palo Alto and Hecate Energy Palo Alto LLC (the “Agreement”). Capitalized terms not defined herein have the meanings set forth in the Agreement. 1. Test Energy Pursuant to Section 2.3(a) of the Agreement all Test Energy shall be scheduled in accordance with the following procedure: All Test Energy produced by the Plant will be scheduled in accordance with CAISO Operating Procedure No. 5320 (Resource Trial Operation and Test Energy Process), as such may be amended from time to time. Pursuant to CAISO Operating Procedure No. 5320, pre-commercial resources are required to make arrangements with the CAISO for executing Trial Operations. I. At least ten (10) calendar days prior to the first planned Trial Operation date Seller shall provide Buyer a Test Energy schedule for the Plant. The Test Energy schedule shall include the following information: a. Expected MW output for each hour during the testing period; b. Start and Stop times of the test; c. NRI Test Energy Template; and d. Any operating constraints or testing limits that may impact the testing process. II. At least seven (7) calendar days prior to the first planned Trial Operation date (not including the submittal date and the date the test is requested to begin), the Scheduling Coordinator shall submit an outage request to the CAISO for the Test Energy schedule provided by Seller. III. Pending CAISO’s approval of the outage request for Trial Operations and testing, the Scheduling Coordinator shall coordinate with Seller and CAISO to perform Pla nt testing. 2. Scheduling Protocols The Scheduling Coordinator shall submit Bids for forecasted Plant Output to the CAISO in accordance with the CAISO Tariff and Business Practice Manuals, as the same may be amended or revised from time to time. I. Forecasts EXHIBIT E-1 – Page 2 Plant Output shall be scheduled according to Section 4.5(d) of the Agreement. II. Submission of Bids For each trade date, Scheduling Coordinator will develop and submit Bids for Plant Output into the CAISO markets in accordance with the CAISO market timelin es. Day-ahead and real-time Bids for Plant Output shall be consistent with the CAISO forecast. Bids may consist of Self-Schedules, economic Bids, or a combination of Self-Schedules and economic Bids. Self-Schedule Bids shall be equal to the applicable C AISO forecasted Output, and economic Bids shall be limited to an amount not to exceed the applicable CAISO forecasted Output. III. Dispatch Notices Scheduling Coordinator shall provide dispatch notices to Buyer to communicate CAISO day-ahead and real-time market awards. Dispatch notices may include, but are not limited to, the following information: (i) scheduled Plant output by applicable operating interval, (ii) start -up instructions, (iii) shut -down instructions, (iv) ramping instructions, and (v) other information that may be relevant to the scheduled operations of the Plant. a. Day-Ahead Dispatch Notices. Dispatch Notices for Day-Ahead market awards will be provided to Buyer through a form of electronic communication as mutually agreed upon by Buyer and Scheduling Coordinator. b. Real-Time Dispatch Notices. Dispatch Notices for Real-Time market awards will be provided to Buyer through Scheduling Coordinator’s automated SCADA control system, whereby Scheduling Coordinator will send a generator operating set point directly to the Plant’s control systems. 3. Outage Coordination Pursuant to the Agreement, Seller shall provide Scheduling Coordinator with all information required to submit timely outages to the CAISO in accordance with the CAISO Tariff and outage coordination procedures. Scheduling Coordinator shall perform all outage coordination activities on behalf of the Plant, including but not limited to, submission of planned and forced outages to the CAISO through use of CAISO’s Outage Management System (O MS), in accordance with the CAISO Tariff and outage coordination procedures. I. Communicating Outages to Scheduling Coordinator a. Required Information Seller shall provide the following information to Scheduling Coordinator at the time Seller submits a request for a planned or forced outage: EXHIBIT E-1 – Page 3  Name of Facility  CAISO Resource ID  Start Date/Time of the Outage  End Date/Time of the Outage  Explanation for Reason of Outage  Unit Availability During the Outage  Emergency Return to Service Time (if called upon by the C AISO) II. Outage Submission Timeline Planned Outage requests must be submitted to Scheduling Coordinator at least seven (7) days in advance of the start date of the outage; whereby the seven (7) day period shall not include the date on which the request is submitted, or the start date of outage. Outage requests submitted less than seven (7) days in advance of the start date of the outage will automatical ly be designated by the CAISO as a Forced Outage (unless otherwise approved by the CAISO as a Planned Outage). Outages that occur in the active day (or real-time) must be reported to Scheduling Coordinator as soon as possible. 4. Discretionary Curtailment Pursuant to Section 4.4(c), Buyer may require Seller to curtail deliveries of Energy from the Plant for any reason in Buyer’s reasonable discretion by delivering a dispatch notice to the Scheduling Coordinator. Scheduling Coordinator shall provide d ispatch notices for discretionary curtailments to Seller in accordance with the procedure described in Sect ion 2(III) of this Exhibit D. EXHIBIT E-1 – Page 4 EXHIBIT E-1 FORM OF DEVELOPMENT PROGRESS REPORT Development Progress Report [Plant Name] Plant [Report Month and Year] [Date of Report] This Development Progress Report describes the construction and status and progress toward the achievement of each of the Milestones of the [Plant Name] Plant, which guaranteed Commercial Operation Milestone is _____, for the _____ [insert period that report is due as required under Section 4.3(c)] and year of ____________ (“Report Period”) as required pursuant to Section 4.3(c) of that certain Power Purchase Agreement by and between _________ (“Seller”), and the City of Palo Alto (“Buyer”), dated ____________ (the “Agreement”). (Capitalized terms used in this report but not defined herein shall have the meanings set forth in the Agreement.) This report shall be completed and delivered by Seller to ___________________ at Buyer, together with all attachments and exhibits. Buyer should direct any questions about this report to _______________ at Seller. 1. General Plant Description Please provide a general description of the Plant, including its location, Site size, technology type, nameplate capacity, interconnection point, ownership, and any other information relevant to a general description of the Plant. 2. Property Acquisition Activities and Site Control In this section, please include information on property acquisition or site control activities for the Plant, including the date of execution of significant documents, and information on the expecting timing of future significant activities . a. Prior Period’s Activities Please provide a description and dates of all major Site acquisition or control related activities completed prior to the Report Period. b. Report Period’s Activities Please describe in detail the Site acquisition or control related activities that occurred during the Report Period. EXHIBIT E-1 – Page 5 c. Next Period’s Activities Please describe the Site acquisition or control related activities that are expected to be performed during the period following the Report Period. 3. Permitting In this section, please provide information on each of the Conditional Use Permit and other Permits required for the construction of the Plant and the status thereof. List the applicable governmental agency, the type of application/approval requested, and the dates (expected or actual) of significant activity. Significant activity includes, but is not limited to, application submission, no tice of complete application, notice of preparation, public hearing or comment period, draft documents and/or approvals, final documents and/or approvals, notice of determination and/or issuance of permit. If the government agency maintains a website with information on the approval process for the Plant, please provide a link. a. Prior Period’s Activities Please provide a description of all major activities related to the Conditional Use Permit and other Permits completed prior to the Report Period. b. Report Period’s Activities Please describe in detail the activities related to Permits that occurred during the Report Period. c. Next Period’s Activities Please list the activities related to Permits that are expected to be performed during the period following the Report Period. 4. Interconnection EXHIBIT E-1 – Page 6 In this section, please provide a description of all major interconnection related activities, dates of completion of significant activities and the expected timing of future significant activities including, but not limited to, information on the status of interconnection studies, Interconnection Agreements, design and construction of Interconnection facilities (e.g., substations, switchyards, gen-ties, system protection schemes, telecommunications equipment to the extent not already covered in the Plant construction information in Section 8), network upgrades, and grid outage and/or interconnection schedules, and information related to Full Capacity Deliverability Status Finding applications, studies, timing, correspondence and . Describe any and all factors that may affect the ability of the Plant to deliver Energy to the Buyer. a. Prior Period’s Activities Please provide a description of all major interconnection related activities completed prior to the Repo rt Period. b. Report Period’s Activities Please describe in detail the Interconnection related activities that occurred during the Report Period. c. Current Period’s Activities Please list the Interconnection related activities that are expected to be performed during the period following the Report Period. 5. Design and Engineering In this section, please provide information on the design and engineering of the Plant. a. Prior Period’s Activities Please provide a description and dates of all major design and engineering related activities, including dates of completion of significant activities and expected timing of future activities. b. Report Period’s Activities Please describe in detail the design and engineering related activities that occurred during the Report Period. c. Current Period’s Activities Please list the design and engineering related activities that are expected to be performed during the period following the Report Period. 6. Financing EXHIBIT E-1 – Page 7 In this section, please include information on each separate phase of financing for the Plant. Include information on debt, equity and/or federal or state loans or grant. b. Report Period’s Activities Please describe in detail the financing related activities that occurred during the Report Period. c. Current Period’s Activities Please list the financing related activities that are expected to be performed during the period following the Report Period. 7. Major Equipment Procurement In this section, please include information on all major equipment to be procured for all portions of the Plant to be completed by Seller, including switchyards, substations and any other interconnection equipment, in addition to generating and auxiliary equipment . a. Prior Period’s Activities Please provide a description and dates of all major equipment procurement related activities completed prior to the Report Period, including the date of execution of significant documents, and information on the expected timing of future significant activities. b. Report Period’s Activities Please describe in detail the Major Equipment Procurement related activities that occurred during the Report Period. c. Next Period’s Activities Please list the Major Equipment Procurement related activities that are expected to be performed during the period following the Report Period. 8. Construction In this section, please include information on the status of any construction-related factors that may affect the ability of the Plant to deliver the Output to the Buyer. Include information on the Plant infrastructure, generating equipment, and major auxiliary equipment. Also include information on the substations, switchyards, gen-ties, telecommunications equipment or other interconnection facilities that are the direct responsibility of the Plant. a. Prior Period’s Activities EXHIBIT E-1 – Page 8 Please provide a summary of the status and progress of each major construction activity for all portions of the Plant, including a schedule showing expected or actual dates as applicable. Provide the name of the EPC Contractor, the date of execution of the EPC Contract, and the date of issuance of a full notice to proceed (or equivalent). For each major type of equipment, break out the number of each item (to be) installed and/or commissioned in each period. Please attach a copy of the all of the progress reports received during the previous Report Period from the EPC Contractor pursuant to the construction contract between Seller and EPC Contractor. b. Report Period’s Activities Please describe in detail the Construction related activities that occurred during the Report Period. c. Current Period’s Activities Please list the Construction related activities that are expected to be performed during the period following the Report Period. 9. Startup and Commissioning In this section, please include information on the status of activities related to preparation for Commercial Operation, including equipment testing, commissioning , release to operations, requirements of the grid operator, and any other activities that must be conducted before the Plant may deliver Output to the grid and/or declare Commercial Operation (as evidenced by delivery of the COD Certification). a. Prior Period’s Activities Please provide a description of all major startup and commissioning activities related to preparation for Commercial Operation completed prior to the Report Period. b. Report Period’s Activities Please describe in detail the Startup and Commissioning related activities that occurred during the Report Period. c. Current Period’s Activities Please list the Startup and Commissioning related activities that are expected to be performed during the period following the Report Period. 10. Milestones Schedule EXHIBIT E-1 – Page 9 a. [Insert Gantt chart] b. Milestone Schedule a. Please describe the status and progress toward or achievement of each Milestone in the construction schedule for the Plant, including dates of completion of completed Milestone(s) and the expected date of completion of uncompleted Milestone(s). The expected date is the current best estimate, and may change from time to time as better information becomes available. c. Remedial Action Plan Please describe any issues which Seller expects in its reasonable judgment may adversely affect the schedule, including the cause of the delay and what remedial actions Seller intends to take to ensure that each of the Milestones shall be attained by their required dates. III. Pictures If available, please provide pictures documenting construction and startup progress of the Plant. The information contained in this Seller’s Development Progress Report is true and accurate and reflects, to the best of Seller’s knowledge, the current status of the construction of the Plant as of the date specified below. Seller: By:_______________________________ Name:_____________________________ Title:______________________________ Date:______________________________ EXHIBIT E-2 – Page 1 EXHIBIT E-2 COD CERTIFICATION This COD Certification (“Certification”) is delivered by ___________ (“Seller”) to The City of Palo Alto (“Buyer”) in accordance with the terms of that certain Power Purchase Agreement dated as of the Execution Date (“Agreement”) by and between Seller and Buyer. All capitalized terms used in this Certification but not otherwise defined herein shall have the respective meanings assigned to such terms in the Agreement. Seller hereby certifies and represents to Buyer the following: 1. Commercial Operation occurred on: __________ [date] 2. The Plant equipment representing _________ MW AC of Initial Capacity has been installed, tested and is capable of generating Output in accordance with the manufacturer’s specifications. 3. The Plant is substantially complete and capable of delivering Output as described in the Agreement. 4. The CAISO has provided notification of Commercial Operation in accordance with the CAISO Tariff, and documentation of such notification is attached heret o or shall be provided to Buyer promptly upon Seller’s receipt thereof. EXECUTED by Seller this ______ day of _____________, 20__. By: _________________________________ Name: ______________________________ Title: _______________________________ The undersigned, a licensed professional engineer, hereby certifies that, to its current knowledge, the foregoing is substantially true and correct. [LICENSED PROFESSIONAL ENGINEER] By: _________________________________ Name: ______________________________ Title: _______________________________ EXHIBIT E-2 – Page 2 RECEIVED by Buyer this ____ date of ______________, 20__ which date shall be the Commercial Operation Date. By: _________________________________ Name: ______________________________ Title: _______________________________ EXHIBIT F-1 – Page 1 EXHIBIT F-1 FORM OF LETTER OF CREDIT Issuing Bank Letterhead and Address STANDBY LETTER OF CREDIT NO. XXXXXXXX Date: [Insert issue date] Beneficiary: City of Palo Alto Applicant: [Insert name and address of Applicant] 250 Hamilton Avenue Palo Alto, CA 94301 Attention: Credit Risk Management Letter of Credit Amount: [insert amount] Expiry Date: [insert expiry date] Ladies and Gentlemen: By order of [insert name of Applicant] (“Applicant”), we hereby issue in favor of the City of Palo Alto (the “Beneficiary”) our irrevocable standby letter of credit No. [insert number of letter of credit] (“Letter of Credit”), for the account of Applicant, for drawings up to but not to exceed the aggregate sum of U.S. $ [insert amount in figures followed by (amount in words)] (“Letter of Credit Amount”). This Letter of Credit is available with [insert name of issuing bank, and the city and state in which it is located] by sight payment, at our offices located at the address stated below, effective immediately, and it shall expire at our close of business on [insert expiry date] (the “Expiry Date”). Funds under this Letter of Credit are available to the Bene ficiary against presentation of the following documents: 1. Beneficiary’s signed and dated sight draft in the form of Exhibit A hereto, referencing this Letter of Credit No. [insert number] and stating the amount of the demand; and 2. One of the following statements signed by an authorized representative or officer of Beneficiary: EXHIBIT F-1 – Page 2 A. “Pursuant to the terms of that certain [insert name of the agreement] (the “Agreement”), dated [insert date of the Agreement], between Beneficiary and [insert name of Seller under the Agreement], Beneficiary is entitled to draw under Letter of Credit No. [insert number] amounts owed by [insert name of Seller under the Agreement] under the Agreement; or B. “Letter of Credit No. [insert number] shall expire in thirty (30) days or less and [insert name of Seller under the Agreement] has not provided replacement security acceptable to Beneficiary. Special Conditions: 1. Partial and multiple drawings under this Letter of Credit are allowed; 2. All banking charges associated with t his Letter of Credit are for the account of the Applicant; 3. This Letter of Credit is not transferable; and 4. The Expiry Date of this Letter of Credit shall be automatically extended without a written amendment for a period of one year and on each successive Expiry Date, unless at least sixty (60) days before the then current Expiry Date, we notify you by registered mail or courier that we elect not to extend the Expiry Date of this Letter of Credit for such additional period. We engage with you that drafts drawn under and in compliance with the terms of this Letter of Credit shall be duly honored upon presentation, on or before the Expiry Date (or after the Expiry Date as provided below), at our offices at [insert issuing bank’s address for drawings]. All demands for payment shall be made by presentation of originals or copies of documents; or by facsimile transmission of documents to [insert fax number], Attention: [insert name of issuing bank’s receiving department], with originals or copies of documents to follow by overnight mail. If presentation is made by facsimile transmission, you may contact us at [insert phone number] to confirm our receipt of the transmission. Your failure to seek such a telephone confirmation does not affect our obligation to honor such a presentation. Our payments against complying presentations under this Letter of Credit shall be made no later than on the sixth (6th) banking day following a complying presentation. Except as stated herein, this Letter of Credit is not subject to any condition or qualification. It is our individual obligation, which is not contingent upon reimbursement and is not affected by any agreement, document, or instrument between us and the Applicant or between the Beneficiary and the Applicant or any other party. Except as otherwise specifically stated herein, this Letter of Credit is subject to and governed by the Uniform Customs and Practice for Documentary Credits, 2007 Revision, International Chamber of Commerce (ICC) Publication No. 600 (the “UCP 600”); provided that, if this Letter of Credit expires during an interruption of our business as described in Article 36 of the UCP 600, we shall honor drafts presented in compliance with this Letter of Credit within thirty (30) days after the resumption of our business and effect payment accordingly. EXHIBIT F-1 – Page 3 The law of the State of New York shall apply to any matters not covered by the UCP 600. For telephone assistance regarding this Letter of Credit, please contact us at [insert number and any other necessary details]. Very truly yours, [insert name of issuing bank] By: Authorized Signature Name: [print or type name] Title: EXHIBIT F-1 – Page 4 Attachment 1 to Exhibit F-1 SIGHT DRAFT TO: [INSERT NAME AND ADDRESS OF PAYING BANK] AMOUNT: $________________________ DATE: __________________________ AT SIGHT OF THIS DEMAND PAY TO THE ORDER OF THE CITY OF PALO ALTO THE AMOUNT OF U.S.$________(______________ U.S. DOLLARS) DRAWN UNDER [INSERT NAME OF ISSUING BANK] LETTER OF CREDIT NO. XXXXXX. REMIT FUNDS AS FOLLOWS: [INSERT PAYMENT INSTRUCTIONS] DRAWER BY:___________________________ NAME AND TITLE EXHIBIT F-2 – Page 1 EXHIBIT F-2 FORM OF LENDER CONSENT AGREEMENT CONSENT AND AGREEMENT This CONSENT AND AGREEMENT (“Consent and Agreement”) is entered into as of ____________________, between the City of Palo Alto (“Buyer”), and _________________, as collateral agent1 (in such capacity, “Financing Provider”), for the benefit of various financial institutions (collectively, the “Secured Parties”) providing financing to _______ (“Seller”). Buyer, Seller, and the Financing Provider shall each individually be referred to as a “Party” and collectively as the “Parties”. Recitals A. Pursuant to that certain Power Purchase Agreement dated as of ________________ (as amended, modified, supplemented or restated from time to time, as including all related agreements, instruments and documents, collectively, the “Assigned Agreement”) between Buyer and Seller, Buyer has agreed to purchase energy from Seller. B. The Secured Parties have provided, or have agreed to provide, to Seller financing (including a financing lease) pursuant to one or more agreements (the “Financing Documents”), and require that Financing Provider be provided certain rights with respect to the “Assigned Agreement” and the “Assigned Agreement Accounts,” each as defined below, in connection with such financing. C. In consideration for the execution and delivery of the Assigned Agreement, Buyer has agreed to enter into this Consent and Agreement for the benefit of Seller. Agreement 1. Definitions. Any capitalized term used but not defined herein shall have the meaning specified for such term in the Assigned Agreement. 2. Consent. Subject to the terms and conditions below, Buyer consents to and approves the pledge and assignment by Seller to Financing Provider pursuant to the [Security Agreement] of (a) the Assigned Agreement, and (b) the accounts, revenues and pro ceeds of the Assigned Agreement (collectively, the “Assigned Agreement Accounts”). 1 This form assumes that a collateral agent will hold the security on behalf of a syndicate of lenders and therefore, the consent would be signed by the collateral agent in such capacity for the benefit of the secured parties. If that is not the case, please modify. EXHIBIT F-2 – Page 2 3. Limitations on Assignment . Financing Provider acknowledges and confirms that, notwithstanding any provision to the contrary under applicable law or in any Financing Docu ment executed by Seller, Financing Provider shall not assume, sell or otherwise dispose of the Assigned Agreement or any of Financing Provider’s rights under the Assigned Agreement (whether by foreclosure sale or other liquidation sale, conveyance in lieu of foreclosure or otherwise) unless, on or before the date of any such assumption, sale or disposition, Financing Provider or any third party, as the case may be, assuming, purchasing or otherwise acquiring the Assigned Agreement (a) cures any and all defaults of Seller under the Assigned Agreement which are capable of being cured and which are not personal to the Seller, (b) executes and delivers to Buyer a written assumption of all of Seller’s rights and obligations under the Assigned Agreement in form and substance reasonably satisfactory to Buyer, (c) otherwise satisfies and complies with all requirements of the Assigned Agreement, (d) provides such tax and enforceability assurance as Buyer may reasonably request, and (e) is a Permitted Transferee (as de fined below). Financing Provider further acknowledges that the assignment of the Assigned Agreement and the Assigned Agreement Accounts is for security purposes only and that Financing Provider has no rights under the Assigned Agreement or the Assigned Agreement Accounts to enforce the provisions of the Assigned Agreement or the Assigned Agreement Accounts unless and until an event of default has occurred and is continuing under the Financing Documents between Seller and Financing Provider (a “Financing Default”), in which case Financing Provider shall be entitled to all of the rights and benefits and subject to all of the obligations which Seller then has or may have under the Assigned Agreement to the same extent and in the same manner as if Financing Pro vider were an original party to the Assigned Agreement. “Permitted Transferee” means any person or entity who is reasonably acceptable to Buyer. Financing Provider may from time to time, following the occurrence of a Financing Default, notify Buyer in writing of the identity of a proposed transferee of the Assigned Agreement, which proposed transferee may include Financing Provider, in connection with the enforcement of Financing Provider’s rights under the Financing Documents, and Financing Provider shall deliver to Buyer financial statements, information and other evidence satisfactory to Buyer of the proposed transferee’s technical and financial capability to fulfill the Seller’s obligations under the Assigned Agreement. Buyer shall, within thirty (30) Business Days of the later of its receipt of such written notice and delivery of such financial statements, information and other evidence , confirm to Financing Provider whether or not such proposed transferee is a “Permitted Transferee” (together with a written statement of the reason(s) for any negative determination) it being understood that if Buyer shall fail to so respond within such thirty (30) Business Days period such proposed transferee shall be deemed to be a “Permitted Transferee”. 4. Cure Rights. (a) Notice to Financing Provider by Buyer. Buyer shall, concurrently with the delivery of any notice of an event of default under the Assigned Agreement (each, an “Event of Default”) to Seller (a “Default Notice”), provide a copy of such Default Notice to Financing Provider pursuant to Section 9(a) of this Consent and Agreement. In addition, Seller shall provide a copy of the Default Notice to Financing Provider the next Business Day after receipt from Buyer, independent of any agreement of Buyer to deliver such Default Notice. EXHIBIT F-2 – Page 3 (b) Cure Period Available to Financing Provider Prior to Any Termination by Buyer. Upon the occurrence of an Event of Default, subject to (i) the expiration of the relevant cure periods provided to Seller under the Assigned Agreement, and (ii) Section 4(a) above, Buyer shall not terminate the Assigned Agreement unless it or Seller provides Financing Provider with notice of the Event of Default and affords Financing Provider an Additional Cure Period (as defined below) to cure such Event of Default. For purposes of this Agreement “Additional Cure Period” means (i) with respect to a monetary default, twenty (20) calendar days in addition to the cure period (if any) provided to Seller in the Assigned Agreement, and (ii) with respect to a non-monetary default, forty-five (45) calendar days in addition to the cure period (if any) provided to Seller in the Assigned Agreement. (c) Failure by Buyer to Deliver Default Notice. If neither Buyer nor Seller delivers a Default Notice to Financing Provider as provided in Section 4(a), the Financing Provider’s applicable cure period shall begin on the date on which notice of an Event of Default is delivered to Financing Provider by either Buyer or Seller. Except for a delay in the commencement of the cure period for Financing Provider and a delay in Buyer’s ability to terminate the Assigned Agreement (in each case only if both Buyer and Seller fail to deliver notice of an Event of Default to Financing Provider), failure of Buyer to deliver any Default Notice shall not waive Buyer’s right to take any action under the Assigned Agreement and shall not subject Buyer to any damages or liability for failure to provide such notice. (d) Extension for Foreclosure Proceedings. If possession of the Plant (as defined in the Assigned Agreement) is necessary for Financing Provider to cure an Event of Default and Financing Provider commences foreclosure proceedings against Seller within thirty (30) calendar days of receiving notice of an Event of Default from Buyer or Seller, whichever is received first, Financing Provider shall be allowed a reasonable additional period to complete such foreclosure proceedings, such period not to exceed ninety (90) calendar days; provided, however, that Financing Provider shall provide a written notice to Buyer that it intends to commence foreclosure proceedings with respect to Seller within ten (10) Business Days of receiving a notice of such Event of Default from Buyer or Seller, whichever is received first. In the event Financing Provider succeeds to Seller’s interest in the Plant as a result of foreclosure proceedings, the Financing Provider or a purchaser or grantee pursuant to such foreclosure shall be subject to the req uirements of Section 3 of this Consent and Agreement. 5. Setoffs and Deductions. Each of Seller and Financing Provider agrees that Buyer shall have the right to set off or deduct from payments due to Seller each and every amount due Buyer from Seller whet her or not arising out of or in connection with the Assigned Agreement. Financing Provider further agrees that it takes the assignment for security purposes of the Assigned Agreement and the Assigned Agreement Accounts subject to any defenses or causes of action Buyer may have against Seller. 6. No Representation or Warranty. Seller and Financing Provider each recognizes and acknowledges that Buyer makes no representation or warranty, express or implied, that Seller has any right, title, or interest in the Assigned Agreement or as to the priority of the assignment for security purposes of the Assigned Agreement or the Assigned Agreement Accounts. Financing Provider further recognizes and acknowledges that it has relied exclusively on its own investigation and due diligence with respect to and is responsible for satisfying itself as to the EXHIBIT F-2 – Page 4 existence and extent of Seller’s right, title, and interest in the Assigned Agreement, and Financing Provider hereby releases Buyer from any liability resulting from the assignment for security purposes of the Assigned Agreement and the Assigned Agreement Accounts. 7. Amendment to Assigned Agreement . Financing Provider acknowledges and agrees that Buyer may agree with Seller to modify or amend the Assigned Agreement, and that Buyer is not obligated to notify Financing Provider of any such amendment or modification to the Assigned Agreement. Financing Provider hereby releases Buyer from all liability arising out of or in connection with the making of any amendment or mod ification to the Assigned Agreement. 8. Payments under Assigned Agreement . Buyer shall make all payments due to Seller under the Assigned Agreement from and after the date hereof to __________, as depositary agent, to ABA No. __________, Account No. __________, and Seller hereby consents to any and all such payments being made in such manner. Each of Seller, Buyer and Financing Provider agrees that each such payment by Buyer to such depositary agent of amounts due to Seller from Buyer under the Assig ned Agreement shall satisfy Buyer’s corresponding payment obligation under the Assigned Agreement. 9. Miscellaneous. (a) Notices. All notices hereunder shall be in writing and shall be deemed received (i) at the close of business of the date of receipt, if delivered by hand or by facsimile or other electronic means, or (ii) when signed for by recipient, if sent registered or certified mail, postage prepaid, provided such notice was properly addressed to the appropriate address indicated on the signature page hereof or to such other address as a party may designate by prior written notice to the other parties, at the address set forth below: If to Financing Provider: Name: Address: Attn: Telephone: Facsimile: Email: If to Buyer: Name: Address: EXHIBIT F-2 – Page 5 Attn: Telephone: Facsimile: Email: (b) No Assignment . This Consent and Agreement shall be binding upon and shall inure to the benefit of the successors and assigns of Buyer, and shall be binding on and inure to the benefit of the Financing Provider, the Secured Parties and their respective successors and permitted transferees and assigns under the [loan agreement] and [security agreement]. (c) No Modification. This Consent and Agreement is neither a modification of nor an amendment to the Assigned Agreement. (d) Choice of Law. The parties hereto agree that this Consent and Agreement shall be construed and interpreted in accordance with the laws of the State of California, excluding any choice of law rules which may direct the application of the laws of another jurisdiction. (e) No Waiver. No term, covenant or condition hereof shall be deemed waived and no breach excused unless such waiver or excuse shall be in writing and signed by the party claimed to have so waived or excused. (f) Counterparts. This Consent and Agreement may be executed in one or more duplicate counterparts, and when executed and delivered by all the parties listed below, shall constitute a single binding agreement. (g) No Third Party Beneficiaries. There are no third party beneficiaries to this Consent and Agreement. (h) Severability. The invalidity or unenforceability of any provision of this Consent and Agreement shall not affect the validity or enforceability of any other provision of this Consent and Agreement, which shall remain in full force and effect. (i) Amendments. This Consent and Agreement may be modified, amended, or rescinded only by writing expressly referring to this Consent and Agreement and signed by all parties hereto. (j) Attorneys’ Fees. If a suit or action is instituted to enforce or interpret any term of this Consent and Agreement, the prevailing party in any suit or action brought to enforce or interpret the provisions of this Agreement shall be entitled to recover its reasona ble costs and attorneys' fees at any hearing, any trial, on appeal, and on any petition for review or other trial court or appellate proceeding. In addition, the prevailing party shall be entitled to recover its reasonable costs and attorneys’ fees incurr ed in enforcing its rights under this Consent and Agreement in connection with any nonjudicial action or the exercise of nonjudicial remedies, and EXHIBIT F-2 – Page 6 in any administration, arbitrative, mediation or dispute resolution process or proceeding. In addition, the prevailing party shall be entitled to recover an amount equal to the fair market value of legal services provided by attorneys employed by it as well as any attorneys’ fees paid to third parties. (k) Rule of Construction. It is understood and agreed that the rule of construction that a written agreement is to be construed against the party preparing or drafting such agreement shall not be applicable to the interpretation of this Consent and Agreement , it being recognized that each of Buyer and Financing Provider has contributed substantially and materially to the preparation of this Consent and Agreement. IN WITNESS WHEREOF, each of Buyer and Financing Provider has duly executed this Consent and Agreement as of the date first written above. [SIGNATURE BLOCKS] ACKNOWLEDGEMENT The undersigned hereby acknowledges the Consent and Agreement set forth above, makes the agreements set forth therein as applicable to Seller, including the obligation of Seller to provide a copy of any Default Notice it receives from Buyer to Financing Provider the next Business Day after receipt by Seller, and confirms that the Financing Provider identified above and the Secured Parties have provided or are providing financing to the undersigned. ________________________ [name of Seller] By: _________________________________ Name: _______________________________ Title: ________________________________ EXHIBIT G – Page 1 EXHIBIT G EXPECTED ANNUAL ENERGY PRODUCTION Contract Year Expected Annual Energy Production (in MWh) 1 75,000 2 74,625 3 74,252 4 73,881 5 73,511 6 73,144 7 72,778 8 72,414 9 72,052 10 71,692 11 71,333 12 70,977 13 70,622 14 70,269 15 69,917 16 69,568 17 69,220 18 68,874 19 68,529 20 68,187 21 67,846 22 67,507 23 67,169 24 66,833 25 66,499 26 66,167 27 65,836 28 65,507 29 65,179 30 64,853 31 64,529 32 64,206 33 63,885 34 63,566 35 63,248 36 62,932 37 62,617 38 62,304 39 61,992 40 61,682 EXHIBIT G – Page 2 ___ Dated as of Seller Execution, with the Expected Annual Energy Production for Contract Year 1 based on the Expected Initial Capacity of 26 MW AC and each subsequent Contract Year reduced by a degradation factor of 0.5%. ___ Dated as of Commercial Operation Date, with the Expected Annual Energy Production for Contract Year 1 based on the Initial Capacity of ___ MW AC (subject to the Initial Capacity limitations described in Section 2.3(c)(2) of the Agreement and each subsequent Contract Year reduced by a degradation factor of ___%. Capitalized terms have the meanings set forth in that certain Power Purchase Agreement dated ___, by and between the City of Palo Alto, as Buyer, and Hecate Energy Palo Alto LLC, as Seller. EXHIBIT H – Page 1 EXHIBIT H SELLER DOCUMENTATION CONDITION PRECEDENT Seller shall provide to Buyer all of the following documentation at least five (5) Business Days prior to the Seller Execution: 1. A copy of each of (A) the articles of incorporation, certificate of incorporation, operating agreement or similar applicable organizational document of Seller and (B) the by-laws or other similar document of Seller (collectively, “Charter Documents”) as in effect, or anticipated to be in effect, on the Seller Execution. 2. A certificate signed by an authorized officer of Seller, dated no earlier than ten (10) Business Days prior to the Seller Execution, certifying (A) that attached thereto is a true and complete copy of the Charter Documents of the Seller, as in effect at a ll times from the date on which the resolutions referred to in clause (B) below were adopted to and including the date of such certificate; (B) that attached thereto is a true and complete copy of resolutions duly adopted by the board of directors (or other equivalent body) or evidence of all corporate or limited liability company action, as the case may be, of Seller, authorizing the execution, delivery and performance of this Agreement, and that such resolutions have not been modified, rescinded or amended and are in full force and effect, and (C) as to the name, incumbency and specimen signature of each officer of Seller executing this Agreement. 3. A certificate from the jurisdiction of Seller’s incorporation or organization certifying that Seller is duly organized, validly existing and in good standing under the laws of such jurisdiction. 4. Evidence of Site control (e.g. lease with redacted price terms) satisfactory to Buyer. 5. A copy of the most recent financial statements (which may be unaudited) fro m Seller and Seller’s Parent together with a certificate from the Chief Financial or equivalent officer of Seller, dated no earlier than ten (10) Business Days prior to the Seller Execution, to the effect that, to the best of such officer’s knowledge, (A) such financial statements are true, complete and correct in all material respects and (B) there has been no material adverse change in the financial condition, operations, Properties, business or prospects of Seller since the date of such financial statements. 6. A completed Expected Annual Energy Production table based on the Plant’s Expected Initial Capacity in the form set forth at Exhibit G. MEMORANDUM TO: UTILITIES ADVISORY COMMISSION FROM: UTILITIES DEPARTMENT 4 DATE: JANUARY 13, 2016 SUBJECT: Solar Hot Water Heating Program The attached informational report was provided to the Uti lities Adviso ry Commission (UAC) for its December 2, 2015 meeti ng, but was not agendized for discussion. At that meeting, the UAC requested that the item be agendized for discussion; therefore, the report is provided to enable that d iscussion . ATTACHMENT: A. December 2, 2015 Report to the UAC: Information on City of Palo Alto Utilities' So lar Water Heating Program PREPARED BY: APPROVED BY: ~Listant Director, Resource Management EDSHIKADA Ass i stant City M anager/Interim Director of Utilities Page 1of1 Page 1 of 2 MEMORANDUM TO: UTILITIES ADVISORY COMMISSION FROM: UTILTIES DEPARTMENT DATE: December 2, 2015 SUBJECT: Information on City of Palo Alto Utilities’ Solar Water Heating Program This is an informational report and requires no action by the Utilities Advisory Commission (UAC). SUMMARY At its October 2015 meeting, the UAC requested information about the City of Palo Alto Utilities’ (CPAU’s) Solar Water Heating Program (SWHP). This report contains information presented to the UAC and/or City Council in previous reports. New program achievements will be included in the Fiscal Year 2015 Demand-Side Management Report. BACKGROUND CPAU offered a solar water heating program in the early 1980’s, including a very successful group buy program that lowered costs for participants. More recently, CPAU discussed plans to implement a solar water heating incentive program in the City’s Ten-Year Energy Efficiency Portfolio Plan, which was approved by the City Council in April 2007 (Staff Report 216:07). In October 2007, the State Legislature enacted California’s Solar Water Heating and Efficiency Act of 2007 (AB 1470), which requires publicly-owned utilities like CPAU to adopt, implement and finance a solar water heating system incentive program. CPAU’s SWHP provides incentives to residential and non-residential customers who install qualifying solar water heating systems that offset energy used by an existing water heater or boiler. The program also provides necessary education and training to stakeholders. The program is available to all CPAU natural gas and electricity customers. CPAU’s SWHP is administered by the Center for Sustainable Energy.1 DISCUSSION CPAU’s Solar Water Heating Program (SWHP) has made little progress in achieving its goal of 30 installed systems per year, since low natural gas prices make the return on investment for SWH systems unattractive. 1 The original contract with the Center for Sustainable Energy was approved by Council in April 2008 (Staff Report 174:08). The current contract was approved in May 2013 (Staff Report 3692). ATTACHMENT A Page 2 of 2 Detailed SWHP activity is provided in the Demand Side Management Achievements for Fiscal Year 2014 report, which was provided to the UAC in February 2015, and to the Council in May 2015 (Staff Report 5708). That report included a count of solar water heating systems installed to date as shown below: Customer-Side Solar Water Heating Systems Program Achievements versus Goals Year SWH Systems Goal SWH Systems Installed FY 2009 30 7 FY 2010 30 17 FY 2011 30 10 FY 2012 30 1 FY 2013 30 1 FY 2014 30 11 Total 43 As part of the cost-effectiveness of electrification options for residential appliances and vehicles, the cost effectiveness of solar water heating was presented in a report provided to the UAC in July 2015 and to the Council in August 2015 (Staff Report 5971). The relevant section from that report is provided below: Solar Water Heating: Wet versus Dry A solar PV system combined with a HPWH [Heat Pump Water Heater] (“dry solar water heating”) is more cost-effective than installing a solar thermal water heating system (“wet solar water heating”). Using the base case assumptions above, the 20-year cost of ownership for a solar thermal water heating system with electric back-up is estimated to be $9,000. By contrast, the 20-year net cost of ownership for retrofitting a home to install a HPWH plus installing one kilowatt of solar PV at $4.50 per Watt—the amount of capacity needed to provide electricity for all HPWH usage—is approximately $7,000. Therefore, dry solar water heating is currently more cost-effective in Palo Alto given available net energy metering and federal incentives. RESOURCE IMPACT Production of this memorandum is not part of CPAU’s work plan, but is being provided as requested by the UAC, and required 6 hours of staff time. Page 1 of 2 6 MEMORANDUM TO: UTILITIES ADVISORY COMMISSION FROM: UTILITIES DEPARTMENT DATE: JANUARY 13, 2016 SUBJECT: Staff Recommendation that the Utilities Advisory Commission Recommend that the City Council Adopt a Resolution Approving the Amended City of Palo Alto Utilities Legislative Policy Guidelines ______________________________________________________________________________ REQUEST Staff requests that the Utilities Advisory Commission (UAC) recommend that the City Council adopt the attached resolution approving amendments to the Utilities Legislative Policy Guidelines. BACKGROUND The utility industry is a high-profile and heavily regulated industry subject to continuous legislative action at both the state and federal levels. Such legislation can influence, among other things, the reliability and security of the supply and distribution infrastructure, commodity procurement practices, customer service and billing, program design, rate design, and activities and costs associated with climate protection. Representatives of the City (appointed and elected officials and staff) participate in Federal and State legislative forums to advocate positions on issues facilitating the City’s current strategic objectives, as adopted in the 2011 Utilities Strategic Plan and subsequently modified in the 2013 Utilities Strategic Plan update: ensuring a reliable and safe supply of utility resources, providing customer service excellence, managing costs, and ensuring environmental sustainability. The City also participates in joint action efforts to advocate for goals and objectives shared by other publicly - owned utilities. At the state level, hundreds of bills focused on the utility industry can be introduced each year. The number of bills introduced, the pace at which bills change and new language is negotiated, and the often surprising speed at which bills can be placed for a vote during the legislative year requires staff and elected officials to respond quickly if the City is to have any influence on the resulting legislation. Often, a response to an amended bill is required in a matter of a day or two. These timing constraints preclude a return to the UAC and Council for approval each time a response is required. Therefore, a set of policy guidelines is developed each year that identifies the goals and priorities for the City to be applied by staff when evaluating and responding to legislation. While the guidelines are used by staff for evaluating legislation, any advocacy positions taken in alignment with these guidelines will be subject to the approval of the Utilities Director or City Manager per the City’s legislative advocacy process. Although it is impractical to return for approval each time a letter is sent in response to a bill amendment, the issues under debate are known to the UAC and Council through their participation in legislative commi~ee meetings, and updates from the City Manager, the Utilities Dir_ector and City staff. Forma l letters responding to legislative bills or amendments will be distributed to the UAC and Council. DISCUSSION The proposed Utilities Legislative Policy Guidelines have been updated to respond to recent legislative and regulatory trends. Exhibit A, attached to the resolution, shows the proposed revised guidelines, with the changes from the last approved set of guidelines highlighted in Attachment B. The priorities are grouped in six sections: the first listing goals, trends and priorities that are common to all utilities, and the foilowing five sections identifying goals, trends and priorities that are specific to electric, fiber optic, natural gas, wastewater collection and water services. Attachment C provides a summary of key legislative action from 2015 and a look forward at anticipated issues that have a good chance of reappearing in the second year of California's 2015/2016 legislative session. Some of these are bills that were held back in 2015 and may be taken up again this year, others are approved statutes that staff anticipates will have follow up legislation. Staff returns every year with an update to the gu i delines and is proposing the guidelines, if adopted by Council, remain in effect from February 22, 2016 until the next approved update. RESOURCE IMPACT There is no direct resource impact associated with adoption of the proposed legislative policy guidelines. However, actions taken that support the efficient use of the City's assets and resources will help control costs, i mplement the Council's policies and goals, and protect the interests of utility customers. ENVIRONMENTAL REVIEW The UAC's consideration of the Legislative Policy Guidelines does not meet the California Environmental Quality Act's definition of a "project" under Public Resources Code Section 21065. ATTACHMENTS A. Draft Resolution with Exhibit A: February 2016 Update to the Utilities Legislative Policy Guidelines B. February 2016 Update to the Utilities legislative Policy Guidelines -Redline version showing changes from the previous Utilities Legislative Policy Guidelines C. Review of legislative Activities in 2015 PREPARED BY: HEATHER DAULER, Senior Resource Planner REVIEWED BY: DEBRA LLOYD, Utilities Compliance Manager "J)L a_~ DEPARTMENT HEAD: EDSHIKADA Assistant City Manager/Interim Director of Utilities Page 2 of 2 Utilities Legislative Policy Guidelines *Draft*February 2016 Update Resolution No. _________ Resolution of the Council of the City of Palo Alto Approving the City of Palo Alto Utilities’ Legislative Policy Guidelines A. The City of Palo Alto Utilities Strategic Plan (“Strategic Plan”), approved by the Palo Alto City Council on July 18, 2011, [Staff Report #1880], and amended on August 5, 2013 (Staff Report #3950), provides a set of Strategic Objectives for the City of Palo Alto Utilities Department (CPAU) to follow in ensuring a reliable and safe supply of utility resources, providing customer service excellence, managing costs, and ensuring environmental sustainability. B. CPAU annually identifies Utilities’ Legislative Policy Guidelines that facilitate the Strategic Plan’s Strategic Objectives, and advocates for utility-related issues at Federal and State legislative forums in furtherance of those objectives. C. Action on some of these issues may require active involvement of Palo Alto elected and appointed officials. D. The Utilities’ Legislative Policy Guidelines were presented to the UAC at its January 13, 2016 meeting, and the UAC voted _______ to recommend that the City Council approve the Utilities’ Legislative Policy Guidelines. The Council of the City of Palo Alto does hereby RESOLVE as follows: SECTION 1. The Council hereby adopts the resolution approving the Utilities Legislative Policy Guidelines, effective February 22, 2016. All prior versions of the City of Palo Alto Utilities Legislative Policy Guidelines, including the Legislative Policy Guidelines adopted by Council on March 2nd, 2015 (Resolution No.9498) are hereby repealed and replaced in their entirety by the Utilities Legislative Policy Guidelines, attached to this Resolution as Exhibit A. SECTION 2. Staff will review the Guidelines annually and any proposed changes will be approved by City Council. SECTION 2. The Council finds that the adoption of this resolution does not constitute a project under Section 21065 of the California Environmental Quality Act (CEQA) and the CEQA Guidelines, and therefore, no environmental assessment is required. INTRODUCED AND PASSED: AYES: NOES: ATTACHMENT A Utilities Legislative Policy Guidelines *Draft* February 2016 Update ABSENT: ABSTENTIONS: ATTEST: ___________________________ ___________________________ City Clerk Mayor APPROVED AS TO FORM: APPROVED: ___________________________ ___________________________ Senior Deputy City Attorney City Manager ___________________________ Director of Utilities ___________________________ Director of Administrative Utilities Legislative Policy Guidelines February 2016 Update 6053662 Included as Exhibit A to Resolution Utilities’ Legislative Policy Guidelines Formal advocacy positions taken in alignment with these guidelines will be subject to the approval of the Utilities Director or City Manager as per the City’s Legislative Program Manual ALL UTILITES Goals 1.Preserve/enhance local accountability in the control and oversight of matters impacting utility programs and rates for customers. 2.Support efforts to maintain or improve the reliability and security of the supply, transmission, storage, distribution/collection, and data infrastructures. 3.Support legislation that makes bold progress in cost effectively reducing greenhouse gas (GHG) emissions, , recognizes without penalizing early voluntary action, and supports statewide climate protection goals. 4.Maintain the City of Palo Alto Utilities’ (CPAU’s) ability to provide safe, reliable, sustainable, and competitively-priced utility services. Goals Legislative Policy Guidelines Venue 1. Local Accountability 2. Reliability, Security & Infrastructure 3. Climate Protection 4. Service & Cost Control 1. Advocate goals through active participation in joint action efforts. Federal, State, and Regional  2.Support legislation that allows local evaluation and design of more efficient energy solutions, fuel switching, and demand control programs. Federal, State, and Regional  3.Promote utility legislation and regulations that support effective and consistent compliance and reporting requirements. Ensure such legislation and regulations have received stakeholder review and cost benefit analysis. Federal, State, and Regional Reliability Councils  4.Oppose unreasonable and inequitable financial burdens through active participation in CMUA and NCPA legislative activities. Federal, State, and CPUC  EXHIBIT A TO ATTACHMENT A Utilities Legislative Policy Guidelines February 2016 Update 6053662 Goals Legislative Policy Guidelines Venue 1. Local Accountability 2. Reliability, Security & Infrastructure 3. Climate Protection 4. Service & Cost Control 5. Advocate for state and federal grants for local and regional energy efficiency and conservation measures, renewable resources, fiber optic, fuel switching, wastewater collection systems and recycled water projects. Federal and State   6. Maintain right of way access for utility infrastructure. Federal and State   7. Protect the financial and operational value of utility assets and contracts; preserve local regulatory control of both. Federal and State   8. Enhance utility customer protections for data security and confidentiality. Federal and State   9. Maintain existing low cost municipal financing options for infrastructure projects and advocate for new federal and state programs that recognize critical infrastructure needs. Federal and State   10. Promote legislation and regulations supporting reasonable and consistent requirements for utility notifications, , safety, services, public communications, billing, payments, and customer assistance. Federal and State   11. Support Proposition 26 reform efforts to provide ratemaking flexibility to balance conservation, revenue sustainability, and low income assistance programs. State   Utilities Legislative Policy Guidelines February 2016 Update 6053662 Goals Legislative Policy Guidelines Venue 1. Local Accountability 2. Reliability, Security & Infrastructure 3. Climate Protection 4. Service & Cost Control 12. Seek state and regional funding to enhance the efficiency, security, and reliability of infrastructure that maintains utility customer data security and confidentiality. Federal and State   Utilities Legislative Policy Guidelines February 2016 Update 6053662 ELECTRIC Goals 1. Preserve/enhance the ability of municipal utilities to exercise local accountability and oversight over matters impacting customer service, programs (such as demand side efficiency and conservation programs), and rate structure. 2. Preserve/enhance the reliability and security of infrastructure. 3. Support legislation that recognizes early voluntary action in reducing GHG emissions and specifically exempts a municipality from burdensome requirements that could result from the early action. 4. Preserve just and reasonable utility rates/bills established by local governing bodies. Goals Legislative Policy Guidelines Venue 1. Local Accountability 2. Reliability 3. GHG Reduction 4. Cost Contro l 1. Advocate goals through Northern California Power Agency (NCPA), California Municipal Utilities Association (CMUA), American Public Power Association (APPA), Transmission Agency of Northern California (TANC), and Bay Area Municipal Transmission Group (BAMx) with support from Palo Alto staff; strive to present the same or substantially the same message Federal and State  2. Support NCPA in its continued efforts to streamline the state regulatory reporting responsibilities, to eliminate duplicative data and report submittals to multiple state regulatory agencies, including the CEC, CARB, and the California Independent System Operator (CAISO). State   3. Advocate for legislation/regulations that provide local accountability and design of:  Net Energy Metering (NEM) successor programs designed to fit local conditions and priorities;  Electric Integrated Resource Plans  cost-effective renewable distributed generation and cogeneration projects, and standards and permitting requirements for connecting such resources to the local distribution system;  balancing state and local policy implementation and ratepayer equity;  equitable rate design and tariffs;  cost-effective electric efficiency programs;  implementation of renewable portfolio Federal and State  Utilities Legislative Policy Guidelines February 2016 Update 6053662 Goals Legislative Policy Guidelines Venue 1. Local Accountability 2. Reliability 3. GHG Reduction 4. Cost Contro l standards;  cost-effective storage integration;  direct access requirements;  smart meters and smart grid design and implementation; and  use of public benefit funds (as allowed in AB 1890 (1996) 4. Support cap-and-trade market designs that:  protect consumers from the exercise of market power;  allocate allowances that help mitigate impacts to Palo Alto customers while providing incentives for utilities to lower GHG emission portfolios;  provide flexible compliance mechanisms such as banking and borrowing of allowances; and  allocate funds generated from cap-and- trade markets to cost-effective GHG- reduction related activities, not as a revenue source for state or federal general funds. Federal and State   5. Support legislation for renewable portfolio standards that:  maintain local compliance authority;  avoid mandates for technology or source specific carve outs, and minimum term requirements;  allow utilities to pursue all cost-effective resources available to meet portfolio needs including use of Renewable Energy Certificates (RECs);  ensure uniform application of RPS standards, avoiding punitive and/or duplicative non-compliance penalties;  restrict new regulations expanding CEC jurisdiction over publicly owned utilities;  allow local distributed generation to count in full towards RPS; and  prioritize the use of existing transmission system assets over building new transmission. Local and State   Utilities Legislative Policy Guidelines February 2016 Update 6053662 Goals Legislative Policy Guidelines Venue 1. Local Accountability 2. Reliability 3. GHG Reduction 4. Cost Contro l 6. Support/encourage transmission, generation, and demand-reduction projects and solutions including advocating for financing or funding solutions/options for projects that:  enhance/ensure reliability;  ensure equitable cost allocation following beneficiary pays principles (including protection against imposition of state- owned electric contract costs on municipal utility customers);  improve procurement flexibility (e.g. resource adequacy rules that ensure reliability and provide flexibility in meeting operational requirements or flexibility in meeting State renewable portfolio standards);  support the continuation of federal and state financial incentives that promote increased renewable development;  improve market transparency (particularly transparency of IOU’s transmission and procurement planning and implementation activities); and  reduce negative environmental impacts on the Bay Area and the Peninsula. Local, State, and Federal  7. Advocate for Congressional, legislative, or administrative actions on matters impacting costs or operations of the Western Area Power Administration (Western) such as:  support of Congressional Field Hearings to explore modernizing flood control strategies, river regulation and generation strategies at Central Valley Project (CVP) plants to enhance generation, water delivery, flood control and fisheries;  protection of the status of Western Power Marketing Administration and cost-based rates;  provisions for preference customers’ first take at available land with economic potential for wind farms;  balancing efforts for competing environmental improvements in rivers and Delta conditions with water supply and hydropower impacts; Federal, State and Regional  Utilities Legislative Policy Guidelines February 2016 Update 6053662 Goals Legislative Policy Guidelines Venue 1. Local Accountability 2. Reliability 3. GHG Reduction 4. Cost Contro l  support grid modernization without compromising the primary mission of Western and recognizing the achievements already made in California without adding duplicate costly efforts;  monitoring and evaluating impacts of Delta conveyance proposals on Western Base Resource allocation;  advocating for an equitable distribution of costs between water and power customers of the Central Valley Project; and  advocating for clear product provisions, fair allocation of Base Resource Capacity and fair contract terms under Western’s 2025 Power Marketing Plan and new Western Base Resource contracts. 8. Advocate for Congressional or administrative actions on matters relating to overly burdensome reporting and compliance requirements established by the North American Reliability Corporation (NERC), the Federal Energy Regulatory Commission (FERC) or the Western Electricity Coordinating Council (WECC). Federal, State and Regional   9. Support fair and reasonable application of grid reliability requirements established by NERC, WECC, or FERC and seek appropriate remedies (if needed) for inequitable or punitive application of fees and fines. Federal and Regional   10. Work with CAISO and/or FERC:  to give buyers of renewable intermittent resources relief from imbalance penalties;  to promote financial and operational changes that result in timely and accurate settlement and billing; and  to provide critical input on the need for various transmission projects in light of the escalating costs to the City to import power using the bulk transmission system. Federal and State   Utilities Legislative Policy Guidelines February 2016 Update 6053662 Goals Legislative Policy Guidelines Venue 1. Local Accountability 2. Reliability 3. GHG Reduction 4. Cost Contro l 11. Work with NCPA, CMUA and NERC to ensure that:  Federal, state and regional designations of “critical cyber assets” are appropriately applied to only truly critical local distribution infrastructure; and  CPAU retains local control over implementation of utility industry cyber security standards, policies and procedures. Federal and Regional    Utilities Legislative Policy Guidelines February 2016 Update 6053662 FIBER OPTIC Goals 1. Preserve and enhance the authority of local government to (1) develop broadband solutions that align with community needs and (2) expand consumer choice for competitive Internet connectivity and other advanced services delivered over fiber-optic networks. 2. Encourage the competitive delivery of broadband services by permitting the use of public rights-of- way and Utilities infrastructure in a responsible manner, provided that local rights of way authority and management is preserved and contractual or other use does not compromise the City’s existing utility safety, service, and operational s obligations. 3. Support local government authority over zoning-related land use for communications infrastructure in accordance with reasonable and non-discriminatory regulations. 4. Support the Council’s Technology and the Connected City initiative of 2013, to fully leverage the City’s fiber-optic and infrastructure assets such as public rights-of-way, utility poles and conduit for the broadband expansion. Goals Legislative Policy Guidelines Venue 1. Support Municipal Delivery 2. Competitive Delivery 3. Local Authority over Land Use 4. Support Council Initiatives 1. Advocate for these goals through the American Public Power Association (APPA), California Municipal Utilities Association (CMUA), National Association of Telecommunications Officers and Advisors (NATOA), National League of Cities (NLC), and the Next Century Cities initiative (NCC), with support from City staff. Federal and State  2. Support legislation and regulations that preserve and enhance municipal delivery of conventional and advanced telecommunication services as prescribed by the Telecommunications Act of 1996. Federal and State   3. Support the goals of the Federal Communications Commission’s (FCC), National Broadband Plan to improve Internet access nationwide. Federal and State   4. Oppose legislation and regulations that benefit the incumbent cable TV, telephone, and telecommunications companies at the expense of community-owned fiber-optic and wireless networks. Federal and State   Utilities Legislative Policy Guidelines February 2016 Update 6053662 Goals Legislative Policy Guidelines Venue 1. Support Municipal Delivery 2. Competitive Delivery 3. Local Authority over Land Use 4. Support Council Initiatives 5. Support legislation and regulations that preserve and enhance utility customer data security and confidentiality protections by the providers of telecommunication services. Federal and State   6. Support the Council’s directive to concurrently pursue the findings and recommendations in the Fiber-to-the- Premises Master Plan and Wireless Network Plan and continue discussions and negotiations with third parties considering new service deployments in Palo Alto. Local   7. Support legislation and regulations that::  Permit the contractual use of public right-of- way and Utilities infrastructure;  Preserve local rights-of-way authority and management;  Preserve local government zoning and siting authority for wireless and wireline communication facilities;  Support local “dig once” policies to ensure conduit and fiber are available for lease on reasonable terms; and  Oppose legislation and regulations that arbitrarily reduce compensation received by local governments from other entities for the economic use of the public rights-of-way and other public properties required for communication infrastructure (e.g., utility poles, streetlight poles, ducts and conduits). Federal, State and Local  Utilities Legislative Policy Guidelines February 2016 Update 6053662 NATURAL GAS Goals 1. Preserve/enhance the ability of municipal utilities to develop and implement demand side efficiency and conservation programs, alternative gas supplies, and rate structures. 2. Increase the security and reliability of the gas supply and transmission infrastructure. This includes retaining access to intra- and interstate gas transmission systems to reliably serve customers. 3. Support efforts to reduce greenhouse gas emissions and protect the environment. 4. Preserve just and reasonable utility rates/bills established by local governing bodies. Goals Legislative Policy Guidelines Venue 1. Local Accountability 2. Reliability of Infrastructure 3. Environ- ment 4. Cost Control 1. Advocate most of these goals mainly through the American Public Gas Association (APGA) with minor support from Palo Alto staff. Primarily Federal with minor advocacy at State level  2. Work with Northern California Power Agency (NCPA) and California Municipal Utilities Association (CMUA) to the extent that the City’s goals as a gas distributor align with generators’ use of natural gas. Federal and State  3. Support cost effective renewable gas supplies from in or out of state sources. In case of mandated renewable portfolio standards, advocate for controls and off- ramps similar to the electric RPS that minimize customer cost impact. Federal and State  4. Advocate for financing or funding for cost-effective natural gas efficiency and solar water heating end uses. Federal and State  5. Support market transparency and efforts to eliminate market manipulation through reasonable oversight. Federal  6. Support municipal utilities’ ability to enter into pre-pay transactions for gas supplies. Federal  7. Support efforts to improve pipeline safety. Federal and State   Utilities Legislative Policy Guidelines February 2016 Update 6053662 Goals Legislative Policy Guidelines Venue 1. Local Accountability 2. Reliability of Infrastructure 3. Environ- ment 4. Cost Control 8. Work with partners to discourage extension of CPUC regulatory authority over municipal gas operations. State   9. Support cap-and-trade market designs that:  protect consumers from the exercise of market power;  allocate allowances that mitigate impacts to Palo Alto customers while preserving City environmental goals;  advocate for an allowance allocation methodology that provides flexibility for Palo Alto to structure rates to align GHG costs and revenues;  provide flexible compliance mechanisms such as banking and borrowing of allowances; and  allocate funds generated from cap-and-trade markets to GHG related activities, not as a revenue source for state or federal general funds. Federal and State   10. Support legislation that aims to protect public health and encourages transparency regarding the practice of hydraulic fracturing or “fracking” for natural gas development, while opposing blanket moratoriums that aren’t supported by science. Federal and State  Utilities Legislative Policy Guidelines February 2016 Update 6053662 WASTEWATER COLLECTION Goals 1. Support ability of municipal utilities to develop and manage their own conservation and efficiency programs and retain authority over ratemaking, including the imposition of non-volumetric customer meter or infrastructure charges for wastewater collection service. 2. Encourage efforts to increase the reliability of the local wastewater collection systems. 3. Maintain the provision of reliable and sustainable wastewater collection service at a fair price. 4. Support equal comparisons of wastewater collection systems by regulatory agencies in order to minimize and reduce onerous, costly, time-intensive reporting requirements and improve value and accuracy of information reported to the public. Goals Legislative Policy Guidelines Venue 1. Local Accountability 2. Reliable Infrastructure 3. Maintain service 4. Valuable reporting 1. Advocate goals through active participation in the Association of Bay Area Governments (ABAG). Local, Regional & State  2. Support regulations of wastewater collection systems that recognize:  local jurisdictions’ proactive efforts to replace and maintain wastewater collections systems;  the need to provide affordable and cost based collection service; and  the unique characteristics of each collection system. Local, Regional & State  3. Support regional agencies in their pursuit of:  environmentally sustainable, reliable wastewater collection service at a fair price; and  regional comparisons of wastewater collection projects for future state grant funding. Local and Regional  5. Advocate for funding and local regulations for wastewater collection system projects and requirements that reduce overflows and improve collection system efficiency. Regional, State and Federal  Utilities Legislative Policy Guidelines February 2016 Update 6053662 WATER Goals 1. Support the ability of public utilities and districts to develop and implement their own water efficiency and conservation programs while retaining authority over ratemaking, including the ability to optimize volumetric, fixed, and drought-related pricing and balance the goals of revenue certainty and water use efficiency. 2. Increase the security and reliability of the regional water system owned and operated by the San Francisco Public Utilities Commission (SFPUC). 3. Support efficiency and recycled water programs in order to minimize the use of imported supplies. 4. Provide environmentally sustainable and reliable supplies of high quality water. Goals Legislative Policy Guidelines Venue 1. Local Authority 2. Reliable Infrastructur e 3. Minimize imports 4. Supplies at fair cost 1. Advocate goals through active participation in the Bay Area Water Supply and Conservation Agency (BAWSCA), California Urban Water Conservation Council (CUWCC), and California Municipal Utilities Association (CMUA), with support from Palo Alto staff for BAWSCA Local, Regional and State  2. Participate in CUWCC Best Management Practice (BMP) revisions and development to ensure that aggressive and cost- effective efficiency goals are incorporated and operating proposals are reasonable, achievable, and cost-effective. State  3. Advocate to ensure that legislative actions regarding the Hetch Hetchy Regional Water System include:  timely rebuilding of the regional water system;  maintenance of the quality of delivered water;  minimization of any increase in the cost of water;  no additional exposure to more frequent or severe water shortages;  increased real-time monitoring data availability to ensure water quality;  support for the existing water system and its operation;  SWRCB responsiveness to SFPUC water quality issues; Local, Regional and State   Utilities Legislative Policy Guidelines February 2016 Update 6053662 Goals Legislative Policy Guidelines Venue 1. Local Authority 2. Reliable Infrastructur e 3. Minimize imports 4. Supplies at fair cost 4. Advocate for interpretations or implementation of Water Code provisions that maintain or reinforce the authorities and protections available to the City and BAWSCA members outside of San Francisco. Local, Regional and State   5. Support BAWSCA to enable it to advocate for:  an environmentally sustainable, reliable supply of high quality water at a fair price;  for Wholesale Customers’ rights under the Water Supply Agreement for water from SFPUC that meets quality standards;  a SFPUC rate structure that is consistent with the Water Supply Agreement and is based on water usage;  preservation of Palo Alto’s existing contractual water allocation and transportation rights on the SFPUC Hetch Hetchy system; and  regional planning for conservation, recycled water, and other water supply projects. Local and Regional  6. Advocate for actions that:  preserve Palo Alto’s existing contractual rights; and  preserve local control over water use and limit encroachment from outside jurisdictions. Local and Regional   7. Support infrastructure security and reliability including an interconnection between the SCVWD West Pipeline with the SFPUC’s Bay Division Pipelines 3 and 4. Regional and State  8. Support notification requirements that inform residents/customers but do not inflict undue or unobtainable requirements on the utility. State   9. Support local control of public benefit funds, funding levels and program design. State   Utilities Legislative Policy Guidelines February 2016 Update 6053662 Goals Legislative Policy Guidelines Venue 1. Local Authority 2. Reliable Infrastructur e 3. Minimize imports 4. Supplies at fair cost 10. Support beneficiary pays methodologies to prevent taxes or fees imposed on SFPUC customers to fund infrastructure improvements and costs of water sources that do not serve Palo Alto customers. State and Regional   11. Advocate for financing or funding for water conservation programs and recycled water projects that meet end-use needs and conserve potable water and oppose legislation that would reduce such funding. State, Regional and Federal  12. Support infrastructure security and reliability that includes equitable allocation of funds for increasing the security of infrastructure and that protects the City from unnecessary regulations. Local, State and Federal   13. Support legislation that promotes responsible groundwater management while recognizing Palo Alto’s existing and historical groundwater extraction practices. State  14. Support Proposition 218 reform efforts to provide ratemaking flexibility to balance conservation, revenue sustainability, and low income assistance programs. State   15. Advocate for reasonable statewide water conservation efforts (both drought response and long term) that achieve required water savings while minimizing customer and commercial impact, protecting the City’s urban canopy and minimizing the City’s enforcement costs. State   16. Protect the City and County of San Francisco’s water rights as well as those of the co-grantees of the Raker Act. State   17. Support legislation that would protect the City’s infrastructure and treatment investments from future state-wide cuts in water use. State   Utilities Legislative Policy Guidelines February 2016 Update Page 1 of 19 Utilities’ Legislative Policy Guidelines Formal advocacy positions taken in alignment with these guidelines will be subject to the approval of the Utilities Director or City Manager as per the City’s Legislative Program Manual ALL UTILITES Goals 1.Preserve/enhance local accountability in the control and oversight of matters impacting utility programs and rates for our customers while balancing statewide climate protection goals. 2.Support efforts to maintain or improve the reliability and security of the supply, transmission, storage, and distribution/collection, and data infrastructures. 3.Support legislation that makes bold progress in cost effectively reducing greenhouse gas (GHG) emissions, and , recognizes without penalizing early voluntary action, and supports statewide climate protection goals. 4.Maintain the City of Palo Alto Utilities’ (CPAU’s) ability to provide safe, reliable, sustainable, and competitively-priced utility services. Goals Legislative Policy Guidelines Venue 1. Local Accountability 2. Reliability, Security & Infrastructure 3. Climate Protection 4. Service & Cost Control 1. Advocate goals through active participation in joint action efforts. Federal, State, and Regional  2.Support legislation that allows local evaluation and design of more efficient energy solutions, fuel switching, and demand control programs.Support legislation that will result in the most cost-effective reduction of GHG emissions, recognition of early action, and inclusion of more efficient solutions, fuel switching, and demand control programs, in integrated resource plans. Federal, State, and Regional  3.Promote utility legislation and regulations that support effective and consistent compliance and reporting requirements. Ensure such legislation and regulations have received stakeholder Federal, State, and Regional Reliability Councils  ATTACHMENT B Utilities Legislative Policy Guidelines February 2016 Update Page 2 of 19 Goals Legislative Policy Guidelines Venue 1. Local Accountability 2. Reliability, Security & Infrastructure 3. Climate Protection 4. Service & Cost Control review and cost benefit analysis.Promote utility legislation and regulations that have undergone stakeholder review and applicable cost benefit analysis to support reasonable reliability standards and compliance requirements, and effective and consistent reporting requirements, customer communications, and goal-setting. 4. Oppose cost shifts from Federal or State budgets and California Public Utilities Commission (CPUC) jurisdictional utilities unreasonable and inequitable financial burdens through active participation in CMUA and NCPA legislative activities. Federal, State, and CPUC   5. Advocate for sState and fFederal grants for local and regional measures regarding energy efficiency and , conservation measures, renewable resources, fiber optic, fuel switching, wastewater collection systems and recycled water projects. Federal and State   6. Maintain right of way access for utility infrastructure. Federal and State   7. Protect the financial and operational value of existing utility assets and contracts; and localpreserve local regulatory approvals control of sameboth. Federal and State   8. Enhance utility customer protections for data security and confidentiality. Federal and State   89. Maintain existing low cost municipal financing options for infrastructure projects and Federal and State   Utilities Legislative Policy Guidelines February 2016 Update Page 3 of 19 Goals Legislative Policy Guidelines Venue 1. Local Accountability 2. Reliability, Security & Infrastructure 3. Climate Protection 4. Service & Cost Control advocate for new federal and state programs that recognize critical infrastructure needs. 910. Promote utility legislation and regulations that supporting reasonable and consistent requirements for utility notifications, compliance, and reporting requirements for safety, services, public communications, billing, and payments, and customer assistance. Federal and State   11. Support Proposition 26 reform efforts to provide ratemaking flexibility to balance conservation, revenue sustainability, and low income assistance programs. State   12. Seek state and regional funding to enhance the efficiency, security, and reliability of infrastructure that maintains utility customer data security and confidentiality. Federal and State   Utilities Legislative Policy Guidelines February 2016 Update Page 4 of 19 ELECTRIC Goals 1. Preserve/enhance the ability of municipal utilities to exercise local accountability and oversight over matters impacting customer service, programs (such as demand side efficiency and conservation programs), and rate structure. 2. Preserve/enhance the reliability and security of infrastructure. 3. Support legislation that makes bold progress in cost effectively reducing GHG emissions and encourages recognizes early voluntary action in reducing GHG emissions and specifically exempts a municipality from burdensome requirements that could result from the early action. 4. Preserve just and reasonable utility rates/bills established by local governing bodies. Goals Legislative Policy Guidelines Venue 1. Local Accountability 2. Reliability 3. GHG Reduction 4. Cost Contro l 1. Advocate goals through Northern California Power Agency (NCPA), California Municipal Utilities Association (CMUA), American Public Power Association (APPA), Transmission Agency of Northern California (TANC), and Bay Area Municipal Transmission Group (BAMx) with support from Palo Alto staff; strive to present the same or substantially the same message to speak with a coordinated voice. Federal and State  2. Support NCPA in its continued efforts to streamline the state regulatory reporting responsibilities, to eliminate duplicative data and report submittals to multiple state regulatory agencies, including the CEC, CARB, and the California Independent System Operator (CAISO). State   3. Advocate for legislation/regulations that provide local accountability and support fordesign of:  Net Energy Metering (NEM) successor programs designed to fit local conditions and priorities;  Electric Integrated Resource Plans  cost-effective cleanrenewable distributed generation and cogeneration projects, and standards and permitting requirements for connecting such resources to the local distribution system;  balancing state and local policy implementation and ratepayer equity; Federal and State  Utilities Legislative Policy Guidelines February 2016 Update Page 5 of 19 Goals Legislative Policy Guidelines Venue 1. Local Accountability 2. Reliability 3. GHG Reduction 4. Cost Contro l  equitable rate design and tariffs;  cost-effective electric efficiency programs;  implementation of renewable portfolio standards;  cost-effective storage integration;  direct access requirements;  smart meters and smart grid design and implementation; and  use of public benefit funds (as allowed in AB 1890 (1996) 4. Support cap-and-trade market designs that:  protect consumers from the exercise of market power;  allocate allowances that help mitigate impacts to Palo Alto customers while providing incentives for utilities to move to lower GHG emission portfolios;  provide flexible compliance mechanisms such as banking and borrowing of allowances; and  allocate funds generated from cap-and- trade markets to cost-effective GHG- reduction related activities, not as a revenue source for state or federal general funds. Federal and State   5. Support legislation for renewable portfolio standards that:  promote the 33% goal for the state;  maintain local compliance authority;  avoid mandates for technology or source specific carve outs, and minimum term requirements;  allow utilities to pursue all cost-effective resources available to meet portfolio needs low cost alternatives by utilizing the existing transmission system to access out-of-state resources, including use of Renewable Energy Certificates (RECs);  ensure fair uniform application of RPS standards, that avoiding punitive and/or duplicative non- compliance penalties;  restrict extension new regulations expanding of CEC jurisdiction over pPublicly oOwned uUtilities;  consolidate GHG reduction goals and Renewable Portfolio Standards under one Local and State   Utilities Legislative Policy Guidelines February 2016 Update Page 6 of 19 Goals Legislative Policy Guidelines Venue 1. Local Accountability 2. Reliability 3. GHG Reduction 4. Cost Contro l clean energy standard;  allow the counting of local distributed generation to count in full towards RPS; and  prioritize the use of the existing transmission system assets over building new transmission. 6. Support/encourage transmission, generation, and demand-reduction projects and solutions including advocating for financing or funding solutions/options for projects that:  enhance/ensure reliability;  ensure equitable cost allocation following beneficiary pays principles (including protection against imposition of state- owned electric contract costs on municipal utility customers);  improve procurement flexibility (e.g. resource adequacy rules that ensure reliability and provide flexibility in meeting operational requirements or flexibility in meeting State renewable portfolio standards);  support the continuation of federal and state financial incentives that promote increased renewable development;  improve market transparency (particularly transparency of IOU’s transmission and procurement planning and implementation activities); and  reduce the negative environmental impacts on the Bay Area and the Peninsula. Local, State, and Federal  7. Advocate for Congressional, legislative, or administrative actions on matters impacting costs or operations of the Western Area Power Administration (Western) such as:  support of Congressional Field Hearings to explore modernizing flood control strategies, river regulation and generation strategies at Central Valley Project (CVP) plants to enhance generation, water delivery, flood control and fisheries;  protection of the status of Western Power Marketing Administration and cost-based Federal, State and Regional  Utilities Legislative Policy Guidelines February 2016 Update Page 7 of 19 Goals Legislative Policy Guidelines Venue 1. Local Accountability 2. Reliability 3. GHG Reduction 4. Cost Contro l rates;  provisions for preference customers’ first take at available land available with economic potential for wind farms;  balancing efforts for competing environmental improvements in rivers and Delta conditions with water supply and hydropower impacts;  achieving the  support grid modernization goals of Secretary Chu’s March 16, 2012 memo without compromising the primary mission of Western and recognizing the achievements already made in California without adding duplicate costly efforts;  monitoring and evaluating impacts of Delta conveyance proposals on Western Base Resource allocation; and  advocating for an equitable distribution of costs between water and power customers of the Central Valley Project; and.  advocating for clear product provisions, fair allocation of Base Resource Capacity and fair contract terms under Western’s 2025 Power Marketing Plan and new Western Base Resource contracts. 8. Advocate for Congressional, legislative, or administrative actions on matters relating to overly burdensome reporting and compliance requirements established by the North American Reliability Corporation (NERC), the Federal Energy Regulatory Commission (FERC) or the Western Electricity Coordinating Council (WECC). Federal, State and Regional   9. Support fair and reasonable application of grid reliability requirements established by NERC, WECC, or FERC and seek Congressional appropriate remedies (if needed) for inequitable or punitive application of fees and fines. Federal and Regional   10. Work with CAISO and/or through FERC:  to give buyers of renewable intermittent resources relief from imbalance penalties;  to promote financial and operational changes that result in timely and accurate Federal and State   Utilities Legislative Policy Guidelines February 2016 Update Page 8 of 19 Goals Legislative Policy Guidelines Venue 1. Local Accountability 2. Reliability 3. GHG Reduction 4. Cost Contro l settlement and billing; and  to provide critical input on the need for various transmission projects in light of the escalating costs to the City to import power using the bulk transmission system. 11. Work with NCPA, CMUA and NERC to ensure that:  Federal, state and regional designations of “critical cyber assets” are appropriately applied to only truly critical local distribution infrastructure; and  CPAU retains local control over implementation of utility industry cyber security standards, policies and procedures. Monitor cyber security issues to ensure that CPAU, which currently does not have critical cyber assets, retains local control over its cyber security needs while remaining exempt from NERC cyber security standards. Support NCPA to protect it and its member agencies from unnecessary cyber security regulations. Federal and Regional    Utilities Legislative Policy Guidelines February 2016 Update Page 9 of 19 FIBER OPTIC Goals 1. Preserve and enhance the authority of local government to (1) develop broadband solutions that align with community needs and (2) expand consumer choice for competitive Internet connectivity and other advanced services delivered over fiber-optic networks. 2. Encourage the competitive delivery of broadband services by permitting the use of public rights-of- way and Utilities infrastructure in a responsible manner, provided that local rights of way authority and management is preserved and the contractual or other use does not compromise the City’s existing utility safety, and service, and operational s obligations. 3. Support local government authority over zoning-related land use for communications infrastructure in accordance with reasonable and non-discriminatory regulations. 4. Support the Council’s Technology and the Connected City initiative of 2013, to fully leverage the City’s fiber- optic and infrastructure assets such as public rights-of-way, utility poles and conduit for the broadband expansion. Goals Legislative Policy Guidelines Venue 1. Support Municipal Delivery 2. Competitive Delivery 3. Local Authority over Land Use 4. Support Council Initiatives 1. Advocate for these goals through the American Public Power Association (APPA), California Municipal Utilities Association (CMUA), National Association of Telecommunications Officers and Advisors (NATOA), National League of Cities (NLC), and the Next Century Cities initiative (NCC), with support from City staff. Federal and State  2. Support legislation and regulations that preserve and enhance municipal delivery of conventional and advanced telecommunication services as prescribed by the Telecommunications Act of 1996. Federal and State   3. Support the goals of the National Broadband Plan, issued in 2010 by the Federal Communications Commission’s (FCC), National Broadband Plan to improve Internet access in the United Statesnationwide. Federal and State   Utilities Legislative Policy Guidelines February 2016 Update Page 10 of 19 Goals Legislative Policy Guidelines Venue 1. Support Municipal Delivery 2. Competitive Delivery 3. Local Authority over Land Use 4. Support Council Initiatives 4. Oppose legislation and regulations that benefit the incumbent cable TV, and telephone, and telecommunications companies at the expense of community-owned fiber-optic and wireless networks. Federal and State   5. Support legislation and regulations that preserve and enhance consumer utility customer data security and confidentiality protections when dealing with by the incumbent providers. of telecommunication services. Federal and State   6. Support the Council’s directive to concurrently pursue the findings and recommendations in the Fiber-to-the- Premises Master Plan and Wireless Network Plan and continue discussions and negotiations with third parties considering new service deployments in Palo Alto. Local   Utilities Legislative Policy Guidelines February 2016 Update Page 11 of 19 Goals Legislative Policy Guidelines Venue 1. Support Municipal Delivery 2. Competitive Delivery 3. Local Authority over Land Use 4. Support Council Initiatives 6.7. Support legislation and regulations that: encourage the competitive delivery of broadband services by permitting the use of public right-of- way and Utilities infrastructure:  Permit the contractual use of public right-of- way and Utilities infrastructure;  Support legislation and regulations that Ppreserve local rights-of-way authority and management;  Support legislation and regulations that Ppreserve local government zoning and siting authority for wireless and wireline communication facilities;  andSupport local “dig once” policies to ensure conduit and fiber are available for lease on reasonable terms; and  Oppose legislation and regulations that arbitrarily reduce compensation received by local governments from other entities for the economic use of the public rights-of-way and other public properties that required for support communication infrastructure (e.g., utility poles, streetlight poles, ducts and conduits). Federal, State and Local  Utilities Legislative Policy Guidelines February 2016 Update Page 12 of 19 NATURAL GAS Goals 1. Preserve/enhance the ability of municipal utilities to develop and implement their own demand side efficiency and conservation programs, alternative gas supplies, and rate structures. 2. Increase the security and reliability of the gas supply and transmission infrastructure. This includes retaining access to intra- and interstate gas transmission systems to reliably serve customers. 3. Support efforts to reduce greenhouse gas emissions and protect the environment. 4. Preserve just and reasonable utility rates/bills established by local governing bodies. Goals Legislative Policy Guidelines Venue 1. Local Accountability 2. Reliability of Infrastructure 3. Environ- ment 4. Cost Control 1. Advocate most of these goals mainly through the American Public Gas Association (APGA) with minor support from Palo Alto staff. Primarily Federal with minor advocacy at State level  2. Work with Northern California Power Agency (NCPA) and California Municipal Utilities Association (CMUA) to the extent that the City’s goals as a gas distributor align with generators’ use of natural gas. Federal and State  3. Support cost effective renewable gas supplies from in or out of state sources. In case of mandated renewable portfolio standards, advocate for controls and off- ramps similar to the electric RPS that minimize customer cost impact. Federal and State  4. Advocate for financing or funding for cost-effective natural gas efficiency and solar water heating end uses. Federal and State  5. Support market transparency and efforts to eliminate market manipulation through reasonable oversight. Federal  6. Support municipal utilities’ ability to enter into pre-pay transactions for gas supplies. Federal  7. Support efforts to improve pipeline safety. Federal and State   Utilities Legislative Policy Guidelines February 2016 Update Page 13 of 19 Goals Legislative Policy Guidelines Venue 1. Local Accountability 2. Reliability of Infrastructure 3. Environ- ment 4. Cost Control 8. Work with partners to discourage extension of CPUC regulatory authority over municipal gas operations. State   89. Oppose legislative proposals resulting in unreasonable costs for Palo Alto’s customers. Federal and State   9. 9Support cap-and-trade market designs that:  protect consumers from the exercise of market power;  allocate allowances that help mitigate impacts to Palo Alto customers while providing incentives for natural gas utilities to move to lower GHG emission portfoliospreserving City environmental goals;  advocate for an allowance allocation methodology that provides flexibility for Palo Alto to structure rates to align GHG costs and revenues;  provide flexible compliance mechanisms such as banking and borrowing of allowances; and  allocate funds generated from cap-and-trade markets to GHG related activities, not as a revenue source for state or federal general funds. Federal and State   10. 11. Support legislation that aims to protect public health and encourages transparency regarding the practice of hydraulic fracturing or “fracking” for natural gas development, while but not blanketopposing blanket moratoriums that aren’t supported by science. Federal and State  Utilities Legislative Policy Guidelines February 2016 Update Page 14 of 19 WASTEWATER COLLECTION Goals 1. Support ability of municipal utilities to develop and manage their own conservation and efficiency programs and retain authority over ratemaking, including the imposition of non-volumetric customer meter or infrastructure charges for wastewater collection service. 2. Encourage efforts to iIncrease the reliability of the local wastewater collection systems. 3. Maintain the provision of reliable and sustainable wastewater collection service at a fair price. 4. Support equal comparisons of wastewater collection systems by regulatory agencies in order to minimize and reduce onerous, costly and, time-intensive reporting requirements and improve value and accuracy of information reported to the public. Goals Legislative Policy Guidelines Venue 1. Local Accountability 2. Reliable Infrastructure 3. Maintain service 4. Valuable reporting 1. Advocate goals through active participation in the Association of Bay Area Governments (ABAG). Local, Regional & State  2. Support future regulations of wastewater collection systems that recognize:  local jurisdictions’ proactive efforts to replace and maintain wastewater collections systems;  the need to provide affordable and cost based collection service; and  the unique characteristics of each collection system. Local, Regional & State  3. Support provision of sufficient resources for regional agencies to enable them to advocate forin their pursuit of:  environmentally sustainable, reliable wastewater collection service at a fair price; and  regional comparisons of wastewater collection projects for future state grant funding. Local and Regional  4. Support infrastructure security and reliability including equitable allocation of funds for increasing the security of infrastructure. Regional, and State  5. Advocate for funding and local regulations for wastewater Regional, State and Federal  Utilities Legislative Policy Guidelines February 2016 Update Page 15 of 19 Goals Legislative Policy Guidelines Venue 1. Local Accountability 2. Reliable Infrastructure 3. Maintain service 4. Valuable reporting collections system projects and requirements that reduce overflows and improve collection system efficiency. Utilities Legislative Policy Guidelines February 2016 Update Page 16 of 19 WATER Goals 1. Support the ability of municipal public utilities and districts to develop and manage implement their own conservation and water efficiency and conservation programs and while retaining authority over ratemaking, including the ability to optimize volumetric and, fixed, and drought- related pricing charges to and balance the goals of revenue certainty and water use efficiency. 2. Increase the security and reliability of the regional water system owned and operated by the San Francisco Public Utilities Commission (SFPUC). 3. Support efficiency and recycled water programs in order to minimize the use of imported supplies. 4. Provide Maintain the provision of an environmentally sustainable, and reliable supply supplies of high quality water at a fair price. Goals Legislative Policy Guidelines Venue 1. Local Authority 2. Reliable Infrastructur e 3. Minimize imports 4. Supplies at fair cost 1. Advocate goals through active participation in the Bay Area Water Supply and Conservation Agency (BAWSCA), California Urban Water Conservation Council (CUWCC), and California Municipal Utilities Association (CMUA), with support from Palo Alto staff for BAWSCA Local, Regional and State  2. Participate in California Urban Water Conservation Council (CUWCC) Best Management Practice (BMP) revisions and development to ensure that aggressive and cost-effective efficiency goals are incorporated and operating proposals are reasonable, achievable, and cost-effective. State  3. Advocate to ensure that legislative actions regarding the Hetch Hetchy Regional Water System include the following requirements:  timely rebuilding of the regional water system;  maintainmaintenance of s the quality of delivered water;  minimizminimization of es any increase in the cost of water;  creates no additional exposure to more frequent or severe water shortages;  increased real-time monitoring data availability to ensure water quality; Local, Regional and State   Utilities Legislative Policy Guidelines February 2016 Update Page 17 of 19 Goals Legislative Policy Guidelines Venue 1. Local Authority 2. Reliable Infrastructur e 3. Minimize imports 4. Supplies at fair cost  support fors the existing water system and its operation.;  SWRCB responsiveness to SFPUC water quality issues; 4. Advocate for interpretations or implementation of Water Code provisions (such as those enacted by AB 1823 (2002), AB 2058 (2002) and SB 1870 (2002)) that maintain or reinforce the authorities and protections available to the City and BAWSCA members outside of San Francisco. Local, Regional and State   5. Support provision of sufficient resources for BAWSCA to enable it to advocate for:  an environmentally sustainable, reliable supply of high quality water at a fair price;  for Wholesale Customers’ rights under the Water Supply Agreement for water from SFPUC that meets quality standards;  a SFPUC rate structure that is consistent with the Water Supply Agreement and is based on water usage;  a contract amendment to modify the drought time water allocation between the SFPUC and the BAWSCA agencies for a fairer allocation of the burden of water shortages;  preservation of Palo Alto’s existing contractual water allocation and transportation rights on the SFPUC Hetch Hetchy system; and  regional planning for conservation, recycled water, and other water supply projects. Local and Regional  6. Advocate for actions that:  preserve Palo Alto’s existing contractual rights; and  preserve local control over water use and limit encroachment from outside jurisdictions. Local and Regional   7. Support infrastructure security and reliability including an interconnection between the SCVWD West Pipeline with the SFPUC’s Bay Division Pipelines 3 and 4. Regional and State  Utilities Legislative Policy Guidelines February 2016 Update Page 18 of 19 Goals Legislative Policy Guidelines Venue 1. Local Authority 2. Reliable Infrastructur e 3. Minimize imports 4. Supplies at fair cost 8. Support notification requirements that inform residents/customers but do not inflict undue or unobtainable requirements on the utility. State   9. Support local control of public benefit funds, funding levels and program design. State   10. Support beneficiary pays methodologies to prevent taxes or fees, in particular those imposed on SFPUC customers, to fund infrastructure improvements and costs of other water sources such as the Deltawater sources that do not serve Palo Alto customers. State and Regional   11. Advocate for financing or funding for water conservation programs and recycled water projects that meet end-use needs and conserve potable water and oppose legislation that would reduce such funding. State, Regional and Federal  12. Support infrastructure security and reliability that includes equitable allocation of funds for increasing the security of infrastructure and that protects the City from unnecessary regulations. Local, State and Federal   13. Support legislation that promotes responsible groundwater management while recognizing Palo Alto’s existing and historical groundwater extraction practices. State  14. Support Proposition 218 reform efforts to provide ratemaking flexibility to balance conservation, revenue sustainability, and low income assistance programs. State   15. Advocate for reasonable statewide water conservation efforts (both drought response and long term) that achieve required water savings while minimizing customer and commercial impact, protecting the City’s urban canopy and minimizing the City’s enforcement costs. State   16. Protect the City and County of San Francisco’s water rights as well as those of the co-grantees of the Raker Act. State   17. Support legislation that would protect the City’s infrastructure and treatment investments from future state-wide cuts State   Utilities Legislative Policy Guidelines February 2016 Update Page 19 of 19 Goals Legislative Policy Guidelines Venue 1. Local Authority 2. Reliable Infrastructur e 3. Minimize imports 4. Supplies at fair cost in water use. ATTACHMENT C 1 Review of Legislative Activities in 2015 2015 was year one of California’s two-year 2015-2016 legislative session, and it was an active energy and water year. Much of the energy legislation targeted GHG emissions and renewables, while much of the water legislation focused on the drought and conservation efforts. Of the state bills City of Palo Alto (CPAU) staff tracked in 2015, ten were signed into law, sixteen never passed the legislature (ie: the bills “died”), and two passed the legislature, but were vetoed by the Governor. Of the bills that died, we expect at least four to return in 2016. Following is a summary of the state legislation and federal issues CPAU staff followed in 2015, along with any positions taken by the Northern California Power Agency (NCPA) and California Municipal Utilities Association (CMUA), two associations with active CPAU staff involvement. State Legislation Energy Related Bills AB 88 (Gomez) – Sales and use taxes: exemption: energy or water efficient home appliances: The bill would have established a sales and use tax exemption for any "energy or water efficient home appliance" purchased by a "public utility" that is provided at no cost to a "low -income participant" in a federal, state, or ratepayer-funded energy or water efficiency program. Status: Passed the legislature, vetoed due to the Governor’s concern about new tax exemptions during times of financial uncertainty AB 645 (Williams) – California Renewables Portfolio Standard: This bill mirrored SB 350 regarding changes to the Renewables Portfolio Standard (RPS) program to require the amount of electricity generated per year from eligible renewable energy resources be increased to at least 50% by December 31, 2030. While SB 350 was signed into law, the legislature did not pass AB 645. Status: Died in the Senate AB 802 (Williams) – Energy efficiency: (1) Requires the CPUC to authorize IOUs to provide incentives and assistance for measures that conform to the California Energy Commission’s (CEC) energy efficiency standards for existing buildings and allows IOUs to recover the reasonable associated costs through their rates. (2) Requires utilities to maintain records of the energy usage data of all buildings to which they provide service for at least the most recent 12 month period and, upon the request and authorization of the owner (or owner's agent), provide aggregated energy usage data to the owner or to the owner's account in the ENERGY STAR Portfolio Manager. AB 802 expands the scope of buildings covered under existing benchmark requirements, and removes some of the customer privacy requirements. Palo Alto does not have an automated system for providing energy use data so the expansion of the program requires more resources to ATTACHMENT C 2 either continue the manual process or automate. Staff are currently reviewing and working with NCPA on customer privacy issues. Status: Signed into law AB 1110 (Ting) – Greenhouse gases emissions intensity reporting: Current law requires electric utilities to disclose their electricity sources as a percentage of annual sales (the Power Content Label or PCL). This bill would have required electric utilities to also disclose the greenhouse gas (GHG) emissions intensity associated with their electricity sources. Palo Alto’s concern with this bill was that it would prohibit an adjustment in the calculation of GHG emissions through the application of renewable energy credits (RECs); i.e., the market purchases the City’s el ectric utility makes to cover shortfalls in the portfolio not met by hydro or renewable resources will have a GHG emission factor assigned to them that would not be “neutralized”, or netted out, by the RE C purchases. While this bill was focused on certain Community Choice Aggregators who, according to bill proponents, were not fully disclosing the electrical sources, it had obvious impacts on the City’s messaging for its carbon neutral electricity portfolio. NCPA worked with the bill’s author to allow for the inclusion of additional information in the PCL, along with the emissions factor. Status: Died in the Senate AB 1236 (Chiu) – Electric vehicle charging stations: This statute requires cities and counties to adopt an ordinance, with certain specific elements, that creates an expedited permitting process for electric vehicle (EV) charging stations. For a local government with a population the size of Palo Alto’s (less than 200,000), the ordinance must be passed by September 30, 2017. Status: Signed into law AB 1330 (Bloom) – Demand Response: The bill would have CPUC establish annual goals for demand response and require POUs to achieve the goals. The language would have the unprecedented impact of having the CPUC dictate program requirements for PO Us. Status: Died in Senate AB 1448 (Lopez) – Personal energy conservation/real property restrictions: This statute permits tenants, as well as owners in a homeowners association, to use clotheslines and drying racks if certain conditions are met, including that the clothesline or drying rack will not interfere with the maintenance of the property. CMUA supported this bill. Status: Signed into law AB 1453 (Rendon) – Electrical corporations: underground electrical facilities: worker safety : This bill sought to prohibit work directly on energized underground electrical equipment and require d a qualified electrical worker to determine that underground electrical equipment has been de - energized and is in a mode that would make the equipment safe to be worked on. Status: Died in Senate ATTACHMENT C 3 SB 32 (Pavley) – California Global Warming Solutions Act of 2006: emissions limit : This bill would have required the California Air Resources Board (CARB) to approve statewide GHG emissions limits equivalent to 40% below the 1990 level by 2030 and 80% below the 1990 level by 2050. It would also prohibit CARB from implementing the next update of the California Globa l Warming Solutions Act of 2006 (AB 32) Scoping Plan until it had taken specified actions, including submitting the Scoping Plan to the Legislature for review. CMUA supported this bill. Status: Died in the Assembly SB 119 (Hill) – Protection of subsurface installations: The Dig Safe Act of 2015 would have modified the laws relating to excavations near substation instillations. SB 119 was supported by CMUA. Status: Vetoed as the bill created a new enforcement committee within the State Licensing Board and the Governor believed excavation safety authority rests with the CPUC. SB 180 (Jackson) – Emissions of greenhouse gases: This bill would have replaced the GHG emission performance standards for base-load generation with standards for both non-peaking and peaking generation. Both NCPA and CMUA took opposing positions on the bill over concern that the very low emission standards proposed would effectively block further investment in natural gas generation and impact grid reliability. Status: Died in the Senate SB 272 (Hertzberg) – The California Public Records Act: local agencies: inventory: In implementing the California Public Records Act, this statute requires most local agencies to create a catalog of enterprise systems, make the catalog publicly available upon request, and to post the catalog on the local agency's Internet Web site. CMUA opposed the bill on the grounds of cost impact to local agencies and cybersecurity concerns with making information available about utility cont rol systems. The bill explicitly exempts infrastructure and mechanical control systems that control or manage street lights, electrical, natural gas, or water or sewer functions. However, general cost impacts and security concerns remain. Status: Signed into law SB 350 (De León) – Clean Energy and Pollution Reduction Act of 2015: By December 31, 2030, 50 percent of energy must come from renewables and the energy efficiency of existing buildings must double. Palo Alto successfully negotiated accommodation s for our hydro portfolio during high hydro years (when hydro exceeds 50% of our portfolio, CPAU’s RPS requirement will be reduced). The bill also mandates the preparation and submission of integrated resource plans (IRPs). While preparing an IRP per se is not a burden for Palo Alto, the language is very prescriptive, hastily constructed, introduces redundant reporting requirements and requires the IRP to be submitted to, and reviewed by, the CEC. Despite a coordinated attempt to remove or fix the IRP language, the momentum to pass SB 350 was unstoppable. There will be a concerted effort by NCPA and CMUA in 2016 to pass legislation to fix the more erroneous sections of the IRP requirements, as well as to modify language holding POUs responsible for IOU duties. ATTACHMENT C 4 Status: Signed into law SB 550 (Hertzberg) – Net energy metering: This bill would, for POUs such as Palo Alto, redefine “aggregate customer peak demand,” for the purposes of calculating the 5% net energy metering (NEM) program limit as the highest sum of the non -coincident peak demands of all the customers of that utility in any calendar year, potentially doubling the MW cap. Status: Died in the Senate SB 687 (Allen) – Renewable gas standard: This bill would have required CARB, by June 2016, to adopt a renewable gas standard (RGS) requiring all gas sellers to provide specified percentages of renewable gas to retail end-use customers for use in California. Status: Died in the Senate Water Legislation AB 349 (Gonzalez) – Common interest developments: property use and maintenance: This statute voids any attempt by a common interest development to prohibit use of artificial turf or any other synthetic surface that resembles grass. CMUA supported. Status: Signed into law AB 585 (Melendez), AB 603 (Salas) and AB 1139 (Campos) – Personal income tax credits: outdoor water efficiency and turf removal: Three similar bills providing tax credits for outdoor water efficiency. AB 585, for taxable years 2016-2020, would allow a credit equal to 25% of the amount paid by a qualified taxpayer for water-efficiency improvements made to outdoor landscapes, up to $2,500 per taxable year. AB 603 and AB 1139 would have allowed a credit to a taxpayer participating in a lawn replacement program, in an amount equal to $2 per square foot of conventional lawn removed from the taxpayer's property. CMUA supported the three bills. Status: All died in the Assembly AB 606 (Levine) – Water conservation: This statute requires, when feasible, state agencies to reduce water consumption and increase water efficiencies when building on state -owned property, purchasing property, or replacing landscaping or irrigation. State property leased to a private party for agricultural purposes is exempted. CMUA supported. Status: Signed into law AB 723 (Rendon) – Plumbing fixtures: WaterSense standards: This bill was gutted and amended to require property owner disclosure of their responsibility to replace all noncompliant plumbing fixtures in newly or renewed leased properties by a certain date. Status: Died in the Senate ATTACHMENT C 5 AB 786 (Levine) – Common interest developments: property use and maintenance: This statute clarifies that during drought conditions, when a homeowner in an HOA receives recycled water from a retail water supplier to use in watering lawns or vegetation, the HOA may levy a fine or assessment if that homeowner does not use the recycled water for landscape irrigation . CMUA supported. Status: Signed into law AB 1164 (Gatto) – Water conservation: drought tolerant landscaping: This statue prohibits cities and counties from enacting or enforcing any ordinance or regulation prohibiting the installation of drought tolerant landscaping, synthetic grass, or artificial turf on residential property. CMUA supported. Status: Signed into law AB 1173 (Williams) – Water equipment: backflow prevention devices testing: certification: This bill attempted to mandate the hiring of a certified individual to test backflow prevention devices if a local health officer did not already have such a backflow device testing program. CMUA’s position was “oppose unless amended”. Status: Died in the Senate AB 1315 (Alejo) – Public contracts: water pollution prevention plans: delegation : This bill would have prohibited a charter city from delegating to a contractor the development of a plan used to prevent or reduce water pollution or runoff on a public works contract, with certain exceptions. While not limited to water utilities, CMUA does not favor this bill. Status: Died in the Assembly AB 1531 (Committee on Environmental Safety and Toxic Materials) – State Water Resources Control Board: The statute makes technical changes to provisions of the Water Code and the Health and Safety Code. Specifically, among other things, it eliminates outdated legal provisions, corrects mistaken cross references, and provides authority to conform drinking water and water quality requirements to federal requirements. It also makes several statutory changes to improve the efficiency and effectiveness of the Safe Drinking Water Regulatory Program. Status: Signed into law SB 7 (Wolk) – Housing: water meters: multiunit structures: This bill would have mandated the instillation of individual water meters (ie: submeters), on all new multifamily residential units or mixed commercial and multifamily units built on or after January 1, 2017. It also required landlords to bill residents for the increment of water used by unit residents. Status: Died in the Assembly ATTACHMENT C 6 SB 471 (Pavley) – Water, energy, and reduction of greenhouse gas emissions: planning: This bill attempted to allow reductions of GHG emissions associated with the water sector, including water use, supply, and treatment, to be eligible for AB 32 cap and trade revenue. Status: Died in the Assembly Looking forward In 2016, we expect to see new state legislation addressing stormwater funding and short-term GHG emissions as well as continued legislation addressing Power Content Label reporting (AB 1110), demand response goals (AB 1330), water conservation (SB 7), and GHG emission limits (SB 32). We will also work with NCPA and CMUA on cleaning up SB 350 language. Federal Issues Following their August recess, Congress returned with a short amount of time before the November elections and a number of priority issues to contend with. Narrowly avoiding a government shutdown, Congress passed its financial package on December 18th. At one point, this financial “omnibus” bill contained language from a California Representative regarding the drought, but that language was dropped in final negotiations. EPA Emission Standard The Environmental Protection Agency’s (EPA) has proposed rules intended to significantly reduce the amount of greenhouse gas emissions across the nation, under section 111(d) of the Clean Air Act. These rules apply to electric generating units as well as other sources of GHG emissions. Preliminary analysis indicates the new rules will likely have minimal impact in California, though the treatment of hydropower remains uncertain and questions remain how the EPA’s proposal will be incorporated into the State’s existing GHG policies and regulations. California’s regulatory agencies believe that the emissions reductions can be achieved through the cap-and-trade program, the existing renewable portfolio standard mandates, and the additional measures addressed in the scoping plan update currently underway at the Air Resources Board. Grid Reliability In 2015, the Federal Energy Regulatory Commission (FERC) approved the North American Electric Reliability Corporation (NERC) Risk-based Registration Initiative. This initiative uses a consistent approach to risk assessment and registration to implement changes aim ed at ensuring the right entities are subject to the right set of reliability standards . Palo Alto supports efforts to rationalize the registration process so that resources, at all levels, can be focused on those issues that have a material impact on grid reliability. Palo Alto’s distribution system, in particular, does not impact the bulk grid reliability. ATTACHMENT C 7 Drought Two key measures, one in the House carried by a Republican and the other in the Senate authored by a Democrat, failed to pass in 2015. Senator Feinstein intends to push her bill in 2016. CFTC swap dealer definition On September 24, the Commodity Futures Trading Commission (CFTC) granted the relief sought by public power systems, and exempted utility operations-related swaps from the $25 million “special entity” swap dealer threshold. With approval of this rule, public power systems will be on equal footing with private utilities and should regain access to counterparties for swap transactions.