HomeMy WebLinkAboutRESO 8472RESOLUTION NO. 8472
RESOLUTION OF THE COUNCIL OF THE CITY OF PALO
ALTO APPROVING THE LONG-TERM POWER PURCHASE
AGREEMENT (WIND POWER) WITH PPM ENERGY, INC. FOR
THE PURCHASE OF ELECTRICITY GENERATED BY A WIND
ELECTRIC GENERATING FACILITY
WHEREAS, the City of Palo Alto ("City"), a municipal
utility and a chartered city, is a member of the Northern
California Power Agency ("NCPA");
WHEREAS, on October 21, 2002, the City approved seven
electric portfolio planning and management guidelines to guide
the development and management of the City's long-term
electricity acquisition plan; one of the guidelines is to pursue
target levels of new renewable energy purchases equal to ten
percent and twenty percent of the City's expected energy load by
2008 and 2015, respectively;
WHEREAS, the City is interested in purchasing power
generation from renewable resources for the benefit of its
electric customers;
WHEREAS, by purchasing these sources of renewable energy,
the City will help reduce the production of greenhouse gases and
assist in reducing volatile organic compound emissions;
WHEREAS, PPM Energy, Inc. was selected through a
competitive solicitation process, to provide renewable power
generated by the "High Winds" wind electric generating facility
owned and operated by FPL Energy, L.L.C., a subsidiary of the FPL
Group, Inc.;
NOW, THEREFORE, the Council of the'City of Palo Alto
hereby RESOLVE as follows:
SECTION 1. The Council hereby approves the City's
execution of the Long -Term Power Purchase Agreement (Wind Power)
made between PPM Energy, Inc., as Seller, and the City of Palo
Alto, as Purchaser. The term of the contract shall be 23 years
and 7 months, commencing as of December 1, 2004. The delivery of
electricity will begin January 1, 2005 and continue through June
30, 2028. Quantity shall consist of a 20 MW share of the 162 MW
rated capacity (12.35%) of the High Winds wind electric
generating facility. Spending authority under the contract shall
be seventy-eight million, four hundred thousand dollars
($78,400,000). The City Manager or his designee is hereby
authorized to sign the contract with PPM Energy, Inc. on behalf
of the City.
nd11 99 ,1 nn77ddl
SECTION 2. The Council finds that the adoption of this
resolution does not constitute a project under the California
Environmental Quality Act and no environmental assessment is
required.
INTRODUCED AND PASSED: November 8, 2004
AYES: BEECHAM, BURCH, CORDELL, FREEMAN, KISHIMOTO, KLEINBERG,
MORTON, MOSSAR, OJAKIAN
NOES:
ABSENT:
ABSTENTIONS:
ATTEST
City Clerk
APPROVE AS O FORM:
Senior Asst. City Attorney
Mayor
APPR
City
Director of dmini trative
Servi.es
Dir lities
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