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HomeMy WebLinkAboutRESO 9055Resolution No. 9055 Resolution of the Council of the City of Palo Alto Approving a Power Purchase Agreement (Landfill Gas Power) with Ameresco San Joaquin LLC for the Acquisition of Up to 52,000 Megawatt-hours per Year of Energy over Twenty Years WHEREAS, the City of Palo Alto (the "City"), a municipal utility and a chartered city is a member of the Northern California Power Agency ("NCP A"); WHEREAS, on March 5, 2007, the City approved eight 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 resource energy purchases equal to thirty percent (30%) and thirty-three percent (33%) of the City's expected energy load by 2012 and 2015, respectively; WHEREAS, the City is interested in purchasing power generated by 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, Ameresco San Joaquin LLC ("Ameresco") proposed its project in response to the City's Request for Proposals 134307 ("RFP") in November 2009, and it was deemed competitive with other RFP respondents; WHEREAS, the execution of this power purchase agreement with Ameresco is anticipated to enable the City to meet a three-percent portion of its goal of sourcing 33% of its energy needs from renewable electric energy; WHEREAS, the City is allocated a 100 percent share of the power from the initial project, amounting up to 6.2 megawatts of plant net output; WHEREAS, the power purchase agreement allows Ameresco to sell the City additional output, if developed, from engine heat recovery, at the contract price; NOW, THEREFORE, the Council of the City of Palo Alto does hereby RESOLVE, as follows: SECTION 1. The Council hereby approves the City's execution of the long- term Power Purchase Agreement (Landfill Gas Power) made between Ameresco San Joaquin LLC, as Seller, and the City of Palo Alto, as Buyer. The delivery term of the agreement is twenty (20) years, commencing upon the Commercial Operation Date of the planned electric generation facility. Quantity is a 100 percent share of the plant's net 100308 jb 0073322 1