HomeMy WebLinkAboutRESO 9248Resolution No. 9248
Resolution of the Council of the City of Palo Alto Approving The
Execution of the Northern California Power Agency Renewable
Energy Certificates Transfer Agreement
A. The City of Palo Alto (the "City") is a member of the Northern California
Power Agency (''NCP A"). As a member, the City has full and unfettered rights and title to its share
of capacity and energy ("Project Entitlement Percentage") attributable to NCP A project power
generation, as specified in various NCP A project agreements.
B. An NCPA power project's capacity and energy includes, without limitation,
environmental attributes associated with the production of electricity from a renewable energy
resource; those attributes include renewable energy certificates ("RECs").
C. The City is eligible to receive RECs that are made available to the customers
of the Western Area Power Administration's Sierra Nevada Region ("Western"), which are the
recipients of West em's base resource hydroelectric generation ("Western generation").
D. NCPA has established an account with the Western Renewable Energy
Generation Information System ("WREGIS"), and WREGIS has and will continue to issue RECs to
the extent those RECs are derived from NCPA's registered power generation units.
E. The City has established a WREGIS account to receive, track and retire RECs
associated with its renewable energy resources and to satisfy its compliance with its Renewable
Portfolio Standard (RPS) program.
F. NCPA may receive, on the City's behalf, RECs from Western that are
attributable to City's share of Western generation, consistent with the City's assignment of its
Western base resource percentage to NCP A.
G. The City desires that NCPA transfer the City's RECs, held in the NCPA's
WREGIS account, to the City's WREGIS account. In order to effectuate this desire, NCPA requires
the City to execute NCPA's Renewable Energy Certificates Transfer Agreement ("Transfer
Agreement").
H. The Transfer Agreement only addresses the transfer of RECs; it does not .
include any NCP A service that entails the sale or marketing of the City's RECs.
I. By executing the Transfer Agreement, the City agrees not to transfer, assign,
sell, or exchange any RECs derived from NCPA's project generation, directly or indirectly, in any
manner, or take any other action that would adversely effect the tax exempt status of bonds that
support NCPA's project generation.
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NOW, THEREFORE, the Council ofthe City of Palo Alto does hereby RESOLVE as
follows:
SECTION 1. The Council hereby approves of the Northern California Power
Agency Renewable Energy Certificates Transfer Agreement and amendments, if any, to
accomplish the transfer of the City's RECs, now held by NCPA in its own WREGIS account, to
the City's WREGIS account. The Council hereby authorizes the City Manager to sign the Transfer
Agreement on behalf of the City.
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: May 14, 2012
AYES:
NOES:
ABSENT:
BURT, ESPINOSA, HOLMAN, KLEIN, PRICE, SCHARFF, SCHMID,
SHEPHERD,YEH
ABSTENTIONS:
~/4L~~ City Clerk
APPROVED AS TO FORM:
~~ Senior ASSIS ant City Attorney
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