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HomeMy WebLinkAbout2004-03-15 City Council (8)City of Palo Alto City Manager’s R r_ t TO:HONORABLE CITY COUNCIL FROM:CITY MANAGER DEPARTMENT: UTILITIES DATE:MARCH 15, 2004 CMR:174:04 SUBJECT:ADOPTION OF A RESOLUTION OF THE COUNCIL OF THE CITY OF PALO ALTO IN THE AMOUNT OF $167,000 APPROVING PARTICIPATION IN CERTAIN NORTHERN CALIFORNIA POWER AGENCY MEMBER AGREEMENTS (SECOND PHASE AND THIRD PHASE) FOR FINANCING OF PLANNING AND DEVELOPMENT ACTIVITIES FOR AGREEMENTS TO PURCHASE POWER AND PURCHASING POWER FROM NCPA GENERATED BY LANDFILL GAS ELECTRICITY PROJECTS AND WIND ELECTRIC GENERATING PROJECTS RECOMMENDATION Staff recommends Council adopt the attached resolution authorizing the City Manager or his designee to execute the three attached member agreements with the Northern California Power Agency (NCPA), to conduct the necessary due diligence, and negotiate power purchase contracts for electric energy supplies generated by wind and landfill gas. BACKGROUND On October 21, 2002, the City Council approved the Long-Term Electric Acquisition Plan (LEAP) Guidelines [CMR:398:03], including Guideline #6: Renewable Portfolio Investments, which serves as Palo Alto’s "Renewable Portfolio Standard". On August 4, 2003, Council approved the LEAP Implementation Plan [CMR:354:03], Task #1 of which is to acquire renewable energy resources to meet LEAP Guideline 6. On January 14, 2004, staff presented the Utilities Renewable Energy Supply Implementation Plan (Plan) to the Utilities Advisory Commission (UAC). The UAC report, presentation and surrounding discussion summary were provided to Council in an informational report on March 1, 2004 [CMR:168:04]. The Plan has two "tiers": (1) CMR:174:04 Page 1 of 4 power purchase agreements (PPAs) for the near term (2005-2008) to meet the 10% renewable investment target by 2008, and (2) exploring new resource development oppommities for the longer term (2009-2015) to meet the 20% renewable investment goal by 2015. Resources being pursued for the near term are 15-30 MW of wind energy from Solano County with deliveries beginning in 2005, and 3-10 MW of electricity from landfill gas from various locations in and around the Bay Area, with deliveries expected to.ramp up from late 2005 to 2007. The proposed projects have been selected by means of the NCPA Renewable Energy RFP, described in detail in the previous staff reports. The NCPA Commission approved the attached NCPA member agreements on February 26, 2004 (NCPA Commission Resolution 04-03 is attached). The member agreements facilitate the next steps in completing the supply contracts needed to implement Tier 1 of the Plan. Staff expects to bring the resulting .contracts to Council for approval to meet these goals during the spring and summer of 2004. DISCUSSION Staff requests that Council adopt a Resolution authorizing the City Manager or his designee to execute the three attached member agreements with the Northern California Power Agency to conduct the necessary due diligence and negotiate power purchase contracts for electric energy supplies generated by wind and landfill gas. There are two second phase agreements, for landfill gas energy generated by several projects by Ameresco, Inc., and Energy Developments, Inc. (EDI). There is one Third Phase agreement, for wind power generated from the High Winds project by PPM Energy, Inc. (PPM). The NCPA facilities agreement, effective September 22, 1993, provides for three phases of project planning and development. Each phase provides the option to the participating members to participate in the subsequent phase .The first stage is exploratory, and was completed by means of a comprehensive renewable energy RFP conducted jointly with other NCPA members. The second phase Consists of all work performed after one or more participants has signed an agreement with NCPA for project study or development, before a third phase agreement, and any accompanying power purchase agreement, becomes effective for obtaining the rights to the output of an NCPA project. The two second phase agreements are for projects that are yet to be constructed. The end result of the second phase agreement is a third phase agreement and possibly an accompanying PPA, both to be approved by Council. The third phase agreement is for a project has already been built. The end result of the third phase agreement is a PPA, to be approved by Council. CMR:174:04 Page 2 of 4 All of the projects govemed by these member agreements will be built, owned, and operated by the third party suppliers. NCPA will serve as the scheduling coordinator, managing the day-to-day balancing activities within the NCPA Pool, verifying deliveries, monitoring supplier compliance with contractual obligations, and managing invoicing and payment. NCPA will purchase the power directly from the projects, and allocate the energy deliveries and costs to the participating members. The output from these projects will be shared with Alameda Power & Telecom. Palo Alto’s participation percentages are 50% for the landfill gas projects and 67% for the wind project. These percentages also define the portion of the negotiation and due diligence costs paid by each participant. Palo Alto’s share of the costs to complete the work outlined in the three member agreements is $167,000. The final product specification, volume, contract term, and pricing are to be finalized during negotiations. The combined volume in Tier 1 will meet 8-12% of the City’s expected load. Energy payments will be made as energy is delivered. Estimated total Palo Alto annual cost of the proposed wind PPA is $2.5-5 million. Estimated total Palo Alto annual cost of the proposed landfill gas PPAs is $2-4 million. Energy supplies from wind could start as soon as January 1, 2005, and from landfill gas starting in late 2005 and ramping up through 2007. These contracts are expected to allow Palo Alto to move aggressively toward meeting its LEAP Guideline #6 renewable energy targets well within the system average rate impact limit of ½ C/kWh. RESOURCE IMPACT Funds to support Palo Alto’s $167,000 share of the costs to complete the work outlined in the three member agreements are included in the Utilities Electric Fund Supply budget for the current fiscal year 2003-2004. POLICY IMPLICATIONS The proposed Member Agreements are key elements of the Utilities Renewable Energy Supply Implementation Plan, and supports the Council-approved Utilities Strategic Plan [CMR 432:02] and Utilities Strategic Implementation Plan [CMR:223:01]. Renewable energy supplies are required to meet the targets established by Council in LEAP Guideline #6 (Renewable Portfolio Investments) and also support LEAP Guideline #2 (Hydro Risk Management) and #3 (Market Risk Management) by diversifying Palo Alto’s resources, and #5 (Local Generation) through exploring local renewable generation alternatives. CMR:174:04 Page 3 of 4 Implementing LEAP Renewable Portfolio Investments also supports City’s Sustainability Policy Statement, adopted April 2, 2001 [CMR 175:01], the Green Government Pledge, adopted July 19, 1999 [CMR 284:99] and elements of the Comprehensive Plan, specifically: 1. GOAL N-9: A clean, efficient, competitively-priced energy supply that makes use of cost-effective renewable resources, and Policies 2. POLICY N-44: Maintain Palo Alto’s long-term supply of electricity and natural gas while addressing environmental and economic concerns. 3. POLICY N-48: Encourage the appropriate use of alternative energy technologies. ENVIRONMENTAL REVIEW Execution of the Member Agreements does not constitute a project for the purposes of the California Environmental Quality Act (CEQA). However, Palo Alto and other participating members intend to receive output from projects that will constitute a project for the purposes of CEQA. These member agreements provide for NCPA, on behalf of itself and the project members to ensure that environmental review has been conducted and certified prior to progressing to any project’s subsequent phase. ATTACHMENTS A: Resolution authorizing the City Manager or his designee to execute the three attached NCPA Member Agreements. B: NCPA Resolution No. 04-03 Authorizing Execution of the Agreements. C: Member Agreement (Third Phase), Wind, PPM Energy, Inc. D: Member Agreement (Second Phase), Landfill Gas, Ameresco, Inc. E: Member Agreement (Second Phase), Landfill Gas, Energy Developments, Inc. Senior Resource Planner DEPARTMENT HEAD: CITY MANAGER APPROVAL: HARRISON Assistant City Manager CMR: 174:04 Page 4 of 4 ****NOT YET APPROVED**** RESOLUTION NO. RESOLUTION OF THE COUNCIL OF THE CITY OF PALO ALTO APPROVING PARTICIPATION IN CERTAIN NORTHERN CALIFORNIA POWER AGENCY MEMBER AGREEMENTS (SECOND PHASE AND THIRD PHASE) FOR FINANCING OF PLANNING AND DEVELOPMENT ACTIVITIES FOR AGREEMENTS TO PURCHASE POWER AND PURCHASING POWER FROM NCPA GENERATED BY LANDFILL GAS ELECTRICITY PROJECTS AND WIND ELECTRIC GENERATING PROJECTS RESPECTIVELY 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, NCPA and its members are interested in purchasing additional power generation from renewable resources for the benefit of customers of NCPA members as well as financing the planning and development activities for agreements to purchase power from one or more landfill gas electricity or wind electric generating projects; WHEREAS, by purchasing these sources of renewable or "green" power, NCPA and members like the City will help reduce the production of greenhouse gases and assist in reducing volatile organic compound emissions; WHEREAS, certain NCPA facilities agreements provide for a second stage of project planning through a second phase agreement, and NCPA and its members contemplate financing the planning and development activities for agreements to purchase power from landfill gas electricity projects operated by Energy Developments, Inc. and Ameresco, Inc.; and WHEREAS, certain NCPA facilities agreements provide for a third stage of project deve!opment through a third phase agreement, and NCPA and its members contemplate contracting for power generated by PPM Energy, Inc.’s wind electric generating projects; NOW, THEREFORE, the Council of the City of Palo Alto hereby RESOLVE as follows: SECTION i. The Council hereby approves the City’s execution of the following three member agreements with NCPA: Member Agreement (Second Phase) for Financing of Planning and Development Activities for Agreements to Purchase Power from One or More Landfill Gas 040310 cl 0072365 1 ****NOT YET APPROVED**** Electricity Projects Proposed by Energy Developments, Inc. in the Greater San Francisco Bay Area. o Member Agreement (Second Phase) for Financing of Planning and Development Activities for Agreements to Purchase Power from One or More Landfill Gas Electricity Projects Proposed by Ameresco, Inc. in the Greater San Francisco Bay Area. o Member Agreement (Third Phase) to Purchase Power from the Northern California Power Agency Pursuant to an Agreement to Purchase Power Generated from the High Winds Electric Generating Project Operated by PPM Energy, Inc. The City Manager or his designee is hereby authorized to sign the contracts referred to above on behalf of the City of Palo Alto. 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. The Council further finds that the City intends to receive energy output from projects that will constitute a project for CEQA purposes; in that regard, the member agreements with NCPA require NCPA on behalf of itself and participating NCPA members to conduct and otherwise obtain the necessary environmental assessments, reviews and certifications before proceeding to subsequent phases of the member agreements. INTRODUCED ~ PASSED: AYES: NOES: ABSENT: ABSTENTIONS: ATTEST: City Clerk Mayor APPROVED: APPROVED AS TO FORM:City Manager Senior Asst. City Attorney Director of Administrative Services Director of Utilities 040310 cl 0072365 2 CMR:17404: AI-IACHMENT [~ RESOLUTION NO. 04-03 RESOLUTION OF THE COMMISSION OF THE NORTHERN CALIFOP~N-IA POWER AGENCY AUTFIORIZENG EXECUTION OF THE MEMBER AGREEMENT (SECOND PHASE) FOR FINANCING OF PL.~NNING AND DEVELOPMENT ACTWITIES FOR AGREEMENTS TO Pb~R.CI-L&SE POWER FROM ON-E OR MORE LANDFILL GAS ELECTRICITY PROJECTS PROPOSED BY ENERGY DEVELOPNIENTS, INC. IN" TEE GREATER SAN FRANCISCO BAY AREA (Pittsburg and Another Location) NIEMBER AGREEMENT (SECOND PHASE) FOR FINANCING OF PLANNENG AND DEVELOPNIENT ACTIVITIES FOR AGREEMENTS TO pLrRCFLASE POWER FROM ONE OR MORE LANDFILL GAS ELECTRICITY PROJECTS PROPOSED BY AMERESCO, INC. IN THE GREATER SAN FRANCISCO BAY AREA (Livermore and Suisun) MEMZBER AGREENIENT (THIRD PHASE) TO PURCHASE POWER FROM TE1E NORTHERN CALIFORNIA POWER AGENCY PURSUANT TO A_N AGREEMENT TO PURCHASE POWER GENERATED FROM TEE WEST CONTRA COSTA LANDFILL GAS ELECTRICITY PROJECT OPER &TED BY At’viERESCO, INC. ME~ER AGREEMENT (TEEtZD PHASE) TO PURCHASE POWER FROM TEE NORTHERN CALIZFORNIA POWER AGENCY PURSU.&NT TO AN AGREEMENT TO PURCHASE POWER GENEP~ATED FROM TEE HIGH WINDS ELECTRIC GE,.N~RATD, IG PROJECT OPER~-kTED BY PPM ENERGY, INC. ON BEHALF OF THIS AGENCY ,VHEREAS. this A_~encv conducted a competitive evaluation of potential rene:vabie resource opportunities proposed by an array or" respondents to the Agency’s fom~al request for proposals: and ~,x,.m~:~= x<,, ,._,-.~...,~. certain of the Agenc:.’:s member entities -,e~ue_t2 ~ that the A~enc:’_ proceed .:o fitrther deve!op ,:andidate projects through the second or third phases of ~roiect deveiopment, as orovided in .:he MemSe:" A.~,e~m,.nts .’.isted by ~itie above: now THEREFORE, BE IT HEREBY RESOLVED by the Commission of the Northern ¯ California Power Agency, as follows: Section 1. The above-entitled Member Agreements, in the form presented to this meeting, are hereby approved, with such technical or non-substantive changes and clarifications as may be approved by General Counsel. Section 2. The General Manager is hereby authorized and directed to execute and deliver the Member Agreements on behalf of this Agency and to manage and carry out this Agency’s responsibilities pursuant to the Member Agreements upon and after their effective dates, as instructed by the Project Members and Participants pursuant to such Member Agreements. PASSED AND ADOPTED this 26th day of February, 2004 by the following vote on roll call: Vote Abstained Absent. Alameda Biggs Gridtey Healdsburg "{ Lodi Lompoc Palo Alto Port of Oakland Redding Roseville ...... Santa Clara Truckee-Donner Turlock Ukiah Plumas-Sierra CMR:174:04: AI-I’ACHHENr C MEMBER AGREEMENT (THIRD PHASE) TO PURCHASE POWER FROM THE NORTHERN CALIFORNIA POWER AGENCY PURSUANT TO AN AGREEMENT TO PURCHASE POWER GENERATED FROM THE HIGH WINDS ELECTRIC GENERATING PROJECT OPERATED BY PPM ENERGY, INC. This Agreement, by and between Northern California Power Agency, a joint powers agency of the State of California, hereinafter called "NCPA" and its members who execute this Agreement, hereinafter called "Participants," WITNESSETH: WHEREAS, NCPA and the Participants are interested in purchasing additional power generation from renewable resources for the benefit of the customers of the Participants; and WHEREAS, following a competitive proposal process, NCPA and the Participants have evaluated the potential for purchasing electric power to be 1 NCPA PACKET DRAFT FEBRUARY 19, 2004 CMR:174:O4.: AI-[ACI’IMENI generated from the High Winds electric generating project operated by PPM Energy, Inc. (Project); and WHEREAS, by purchasing power generated from the wind, NCPA and the Participants will help reduce the production of greenhouse gases, assist in reducing the emission of volatile organic compounds and particulate matter, and aid the State of California in reaching its renewable energy goals; and WHEREAS, the September 22, 1993 Facilities Agreement provides for a third stage of project development pursuant to a third phase Agreement; and WHEREAS, this third phase Agreement will enable NCPA to negotiate a power purchase agreement with PPM Energy, Inc., and if desired, conduct further due diligence and environmental reviews of the Project; and WHEREAS, to enable NCPA to conduct the foregoing activities, and to enter into a power purchase agreement with PPM Energy, Inc., and purchase and deliver power from the Project to the Participants, NCPA and the Participants hereby enter into this third phase Agreement; NOW THEREFORE, the parties hereto agree as follows: Section 1. Definitions. 2 NCPA PACKET DRAFT FEBRUARY 19, 2004 CMR:174:04: AI-I’ACHMENI C 1.1 Balancing Account. The Balancing Account is an account established at NCPA pursuant to this Agreement. The Balancing Account is established to: (1) make timely payments to PPM Energy, Inc. under the power purchase agreement and protect NCPA from potential Participant default by providing funds and time to cure, (2) provide working capital for NCPA’s provision of Project Services and to bridge timing differences between the receipt of payments from Participants and the date payments are due PPM Energy, Inc. and (3)provide security against Participant default. 1.2 Commission. The NCPA Commission. 1.3 Commissioner. appointed by a Participant. A voting member of the Commission 1.4 Committee. An ad hoc committee composed of one representative appointed by each Participant that will from time to time provide liaison with NCPA regarding Project matters. 3 NCPA PACKET DRAFT FEBRUARY 19, 2004 CMR:174:04: AI-IACHMENI C 1.5 Electric System. Electric System means, with respect to each Participant, all properties and assets, real and personal, tangible and intangible, of the Participant now or hereafter existing, used or pertaining to the generation, transmission, transformation, distribution and sale of electric capacity and energy, including all additions, extensions, expansions, improvements and betterments thereto and equipment thereof; provided, however, that to the extent the Participant is not the sole owner of an asset or property or to the extent that an asset or property is used in part for the above described purposes, only the Participant’s ownership interest in such asset or property or only the part of the asset or property used for electric purposes shall be considered to be part of its Electric System. 1.6 Participant. An NCPA member or associate member that is a signatory to this Agreement. 1.7 Participation Percentage. The percentage share of each Participant in this Agreement as set forth in Section 8.1, Participation Percentages. 4 NCPA PACKET DRAFT FEBRUARY 19, 2004 CHR:174.’:0~: ATTACHMENT C 1.8 Project Cost Allocation. Participants in the NCPA Annual Participation Percentages. Project Costs allocated to the Budget in proportion to the 1.9 Project Costs. Costs related to the Project as estimated in the NCPA Annual Budget and incurred without estimation, due to extraneous factors, throughout the operating year. 1.10 Project Services. The Services provided to the Participants by NCPA under this Agreement, including but not limited to NCPA’s duties, as described in Section 3 of this Agreement. 1.11 Revenues. Revenues means, with respect to each Participant, all income, rents, rates, fees, charges, and other moneys derived by the Participant from the ownership or operation of its Electric System, including, without limiting the generality of the foregoing, (a) all income, rents, rates, fees, charges or other moneys derived from the sale, furnishing and supplying of electric capacity and energy and other services, facilities, and commodities sold, furnished, or supplied through the facilities of its Electric System, (b) the earnings on and income derived from the investment of such income, rents, rates, fees, charges or other 5 NCPA PACKET DRAFT FEBRUARY 19, 2004 CMR:174:04: A’I-I’ACHHENT C moneys to the extent that the use of such earnings and income is limited by or pursuant to law to its Electric System and (c) the proceeds derived by the Participant directly or indirectly from the sale, lease or other disposition of all or a part of the Electric System, but the term Revenues shall not include (i) customers’ deposits or any other deposits subject to refund until such deposits have become the property of the Participant or (ii) contributions from customers for the payment of costs of construction of facilities to serve them. 1.12 SC Program Agreement. Program Agreement. The SchedulingCoordination Section 2. Purpose. The purpose of this Agreement is to set forth the terms and conditions under which NCPA will provide Project Services to the Participants under this Agreement. Section 3. NCPA Duties. NCPA shall perform the following Project Services. Such duties shall include but are not limited to: 6 NCPA PACKET DRAFT FEBRUARY 19, 2004 CMR:174:04: A.TTA~HMENI ¢ 3.1 Negotiate a power purchase agreement to purchase the output of the Proiect from PPM Energy, Inc. satisfactory to the Participants. 3.2 Conduct any additional due diligence or environmental review requested by the Participants. 3.3 When approved by the Participants, execute the power purchase agreement with PPM Energy, Inc. 3.4 Estimate Project Costs and Project Cost Allocations. 3.5 Schedule Project output from the Project to the Participant. 3.6 Make timely collection from the Participants of Project Allocations. 3.7 Deliver Project output and collect costs associated with such delivery pursuant to the SC Program Agreement and the MSS Aggregation Agreement and MSS Agreements defined therein. 7 NCPA PACKET DRAFT FEBRUARY 19, 2004 3.8 Pay PPM Ener~!, Inc. for the delivered Proiect output from the Balancing Account. Section 4. Participant Duties. The duties of the Participants are to: 4.1 Accept the Project output as delivered. 4.2 Pay NCPA for all Project Cost Allocations and maintain its credit balance in the Balancing Account. 4.3 Provide staff and other assistance as may be required from time to time necessary for NCPA to fulfill its duties described in Section 3. Section 5. Billing and Payments. 5.1 Estimated Invoice. NCPA will issue estimated invoices for Project Cost Allocations to Participants not later than 15 calendar days after the end of each month, with payment due thirty (30) calendar days after the date of the invoice. These invoices will be based on schedules, metering data, and estimates. At the request of individual Participants, these invoices shall be provided in electronic format. 8 NCPA PACKET DRAFT FEBRUARY 19, 2004 Cf, IR:17~:04: ATTACHI~ENT C 5.2 Adjusted Invoice. When applicable, NCPA will issue adjusted invoices for the Project Cost Allocations within thirty (30) calendar days of receipt of any adjustments to Project Costs. If the adjusted invoice results in a credit amount due to any Participant, NCPA will apply the credit to the balance of the Participant’s share of the Balancing Account. At the request of individual Participants, these invoices shall be provided in electronic format. 5.3 Projects Costs. Monthly billing statements prepared by NCPA shall be sent to each Participant showing the Participant’s Participation Percentage of Project Costs and other expenses relating to this Agreement incurred by NCPA for the previous month. Each Participant’s Project Cost Allocation shall be based on its Participation Percentage. 5.4 Application of Balancing Account. NCPA may apply a Participant’s share of the Balancing Account to the payment of any portion of an invoice allocated to that Participant. Application of such funds shall not relieve the Participant from any late payment charges pursuant to Section 5.5. 9 NCPA PACKET DRAFT FEBRUARY 19, 2004 5.5 Late Payments. Amounts shown on each invoice are due and payable at the time noted on the invoice, but not later than thirty (30) days after the date of the invoice, except that any amount due on a Friday, holiday or weekend may be paid on the following working day. Any amount due and not paid by a Participant shall bear interest at the per annum prime rate (or reference rate) of the Bank of America NT & SA then in effect, plus two percent per annum computed on a daily basis until paid. 5.6 Settlement Data. NCPA will make metering and settlement data, including underlying data received from PPM Energy, Inc., available to the Participants. Procedures and formats for the provision of such data will be as established by the Participants and NCPA from time to time. 5.7 Audit Rights. Each Participant shall have the right to audit any data created or maintained by NCPA pursuant to this Agreement on thirty (30) days written notice unless otherwise agreed by such Participant and NCPA. 10 NCPA PACKET DRAFT FEBRUARY 19, 2004 CMR:174:04.: AI-IACHMI::NI ¢. 5.8 Participant Covenants. Each Participant covenants and agrees (a) to establish and collect rates and charges for the services and conmaodities provided by its Electric System sufficient to provide Revenues adequate to meet its obligations under this Agreement and to pay all other amounts payable from, and all lawful charges against or liens upon, the Revenues; (b) to make payments under this Agreement from the Revenues of, and as an operating expense of, its Electric System; (c) to make payments under this Agreement whether or not there is an interruption in, interference with, or reduction or suspension of services provided under this Agreement ~uch payments are not subject to any reduction, whether by offset or otherwise, and regardless of whether any dispute exists); and (d) to operate its Electric System and the business in connection therewith in an efficient, manner and at reasonable cost and to maintain its Electric System in good repair, working order, and condition. Section 6. Defaults. 6.1 Failure to Pay. If any Participant fails to pay any amount due NCPA within thirty (30) days of the date of the estimated or final invoice enumerating such amounts, the Participant is in default and material breach under this Agreement. 11 NCPA PACKET DRAFT FEBRUARY 19, 2004 CMR:174:04:ATrACI-IMEN1 C 6.2 Other Material Breaches. If a Participant is in default or in breach of any of its covenants under any other agreement with NCPA, it shall also be considered in material default of this Agreement. 6.3 Cure Period. Upon written notice by NCPA, a Participant shall cure any default within five (5) working days. 6.4 Cure of Defaults. A default pursuant to Section 6.1 shall be cured by the payment of any monies due NCPA, including any late payment charges pursuant to Section 5.5, and repayment of any funds drawn from the Balancing Account pursuant to Section 5.4. A default pursuant to Section 6.2 shall be cured by compliance with the covenant. 6.5 Remedies in the Event of a Material Default. NCPA may suspend the provision of Project Services and the delivery of Project output to any Participant with a default which has not been cured within the Cure Period, including deducting sums in default from the Balancing Account share of the defaulting Participant, demanding further assurances, and taking any other legal or equitable action before or after the Cure Period to compel the correction of the default, as for example, to mandate the 12 NCPA PACKET DRAFT FEBRUARY 19, 2004 CMR:174:04: AI-I-ACHMI:NI ¢. collection of a surcharge to produce Revenues to secure the cure of the default, (and the selection of one remedy shall not preclude the use of other remedies), on behalf of NCPA and the non-defaulting Participants (in which event the defaulting Participant shah not have the right to vote under the provisions of this Agreement while such defaulting Participant is in material default as determined by the non-defaulting Participants). 6.6 Obligations in the Event of Default. In the event that a Participant’s share of the Balancing Account is insufficient to cover all invoices for Project Costs sent to a defaulting Participant, (a) the defaulting Participant shall cooperate in good faith with NCPA and shall cure the default as rapidly as possible, on an emergency basis, taking all such action as is necessary, including, but not limited to, raising rates and charges to its customers to increase its Revenues to replenish its share of the Balancing Account as provided herein, drawing on its cash-on-hand and lines of credit, obtaining further assurances by way of credit support and letters of credit, repairing its Electric System, and taking all such other action as will cure the default quickly; and provided, however, (b) that no Participant shall be liable under this Agreement for the obligations of an), other Participant, and each Participant shall be solely responsible and liable for performance of its obligations under this Agreement, and (c) that the obligation of each 13 NCPA PACKET DRAFT FEBRUARY 19, 2004 CMR:174:04: ATI-ACflMI:NI ~. Participant under this Agreement is a several obligation and not a joint obligation with those of the other Participants. Section 7. Balancing Account. 7.1 Initial Amounts. Within thirty (30) days of the effective date of this Agreement, each participant shall deposit in the Balancing Account, its Participation Percentage of $100,000, and any other amount estimated by NCPA as necessary to conclude negotiations with PPM Energy, Inc. for the purchase of power from the Project, and any further reviews requested by the Participants. Within thirty (30) days of the effective date of a power purchase agreement with PPM Energy, Inc., each Participant shall deposit in the Balancing Account an amount equal to its three highest months of the Project Cost Allocation estimated by NCPA as associated with PPM Energy, Inc. invoices for the succeeding twelve (12) months. NCPA shall maintain a detailed accounting of the share of each Participant in the Balancing Account. Interest earned on the Balancing Account shall be credited to the shares of the Participants. Any losses in the Balancing Account shall be allocated to the Participants’ shares. 14 NCPA PACKET DRAFT FEBRUARY 19, 2004 CMR:174:04: AI-rACHI~ENT C 7.2 Periodic Reviews. Prior to the effective date of this Agreement and at least quarterly thereafter, NCPA shall review the balances and Participants shares of the Balancing Account to ensure the amount is equal to the current projection of the three highest months of each Participant’s Project Cost Allocation for the succeeding twelve months. Any funds in excess of one hundred ten per cent (ll0%) of this amount shall be credited to the Participants. If the funds on deposit in the Balancing Account are less than ninety per cent (90%) of this amount, NCPA shall prepare an invoice to the affected Participants who shall remit such funds within fl0irfy (30) days of the invoice date. 7.3 Emergency Additions. In the event that the funds in the Balancing Account are insufficient to allow payment of an PPM Energy, Inc. invoice, demand, request for further assurances, or Claims related to this Agreement, as defined in Section 12, NCPA shah notify all Participants and then prepare and send a special or emergency assessment to the Participants. Each Participant shall pay to NCPA such assessment when and if assessed by NCPA. 7.4 Return of Funds. On the termination of this Agreement or the withdrawal of a Participant, the affected Participant or Participants may 15 NCPA PACKET DRAFT FEBRUARY 19, 2004 CMR:174:04:AI-[ACHMEN1 C apply to NCPA for the remm of their share of Balancing Account funds ninety (90) days after the effective date of such termination or withdrawal. NCPA shall, in its sole discretion, as determined by a vote of the Commission, excluding the vote of the withdrawing Participant(s), estimate the then outstanding liabilities of the Participant(s), including any estimated contingent liabilities, such as by way of example PPM Energy, Inc. invoices subject to dispute, and retain all such funds until all such liabilities have been fully paid or otherwise satisfied in full. NCPA may apply any remaining Balancing Account funds to any remaining obligation of such Participant(s), including but not limited to revised PPM Energy, Inc. invoices. Section 8. Project Costs. 8.1 Participation Percentages. Project Costs and the rights to Project output shall be allocated to the Participants on the basis of Participation Percentages. The Participation Percentages of the Participants are as follows: Alameda requests 33.0000 Biggs 0.0000 16 NCPA PACKET DRAFT FEBRUARY 19, 2004 CMR:174:04: AI’rACHMENT C Gridley 0.0000 Healdsburg 0.0000 Lodi 0.0000 Lompoc 0.0000 Palo Alto requests 67.0000 Plumas-Sierra R.E.C.0.0000 Port of Oakland 0.0000 Redding 0.0000 Rosevflle 0.0000 Santa Clara 0.0000 Truckee Donner Public Utility District 0.0000 Turlock Irrigation District 0.0000 Ukiah 0.0000 100.0000% 8.2 Cost Estimation. NCPA, in conjunction with the Participants, shall estimate its annual Project Costs associated with this Agreement in providing Project Services that are to be alIocated to the Participants as Project Cost Allocations in the Annual Budget. The Participants’ Committee shall review the estimates. 17 NCPA PACKET DRAFT FEBRUARY 19, 2004 CMR:174:04: ATrACHHENI C 8.3 Annual Budget. Prior to the beginning of each NCPA fiscal year for which no budget has been adopted and for each fiscal year for which a budget will be adopted, NCPA shall give notice to each Participant of the Proiect Costs that NCPA estimates will be incurred as a result of this Agreement. Such costs shall be allocated to the Participants by such me~hods approved by the Commission on the basis of Participation Percentages, with the adoption of the Annual Budget, in accordance with this Agreement. Section 9. Adminisfration of Agreement. 9.1 NCPA. The Commission has administration of this Agreement. overall responsibility for the 9.2 Participants" Committee. The Participants’ Committee may convene from time to time to advise NCPA during the course of negotiating the power purchase agreement with PPM Energy, Inc., and if further due diligence or environmental review is requested by the Participants. 18 NCPA PACKET DRAFT FEBRUARY 19, 2004 CMR:174:04: ATTACHMENT C 9.3.NCPA Commission Governance Of The Program. 9.3.1 Commission Meetings. The Commission shall meet in accordance with provisions of the Joint Powers Agreement. 9.3.2 Q)uorum. A quorum of the Commission, for purposes of acting upon matters relating to this Agreement, shall consist of those Commissioners, or their designated alternates, representing a numerical majority of the Participants, or, in the absence of such, those Commissioners representing Participants having a combined Participation Percentage of greater than fifty percent (50%). 9.4 Voting. 9.4.1 Agreement Voting. Each Participant shall have the right to cast one vote with respect to matters pertaining to this Agreement. Actions of the Commission with regard to this Agreement shall be effective only upon a majority vote subject to the following exceptions: 19 NCPA PACKET DRAFT FEBRUARY 19, 2004 CMR:174:04: ATTACHMENT C (a) Upon demand of any Participant, at any meeting of the Commission, the vote on any issue relating to this Agreement, shall be based upon the Participation Percentages. Each Participant shall have a number of votes equal to its Participation Percentage. Actions of the Commission shall be effective only upon an affirmative vote of sixty-five percent (65%) or more of the total votes to which all Participants are entitled. (b) Any Participant may veto a discretionary action of the Participants relating to this Agreement that was not taken by a sixty-five percent (65%) or more vote, within ten (10) days following mailing of notice of such Commissioners" action by giving written notice of veto to NCPA, unless at a meeting of the Commissioners or alternates called for the purpose of considering the veto, held within thirty (30) days after such veto notice, the holders of Participation Percentages totaling sixty-five percent (65%) or more shall vote to override the veto. 20 NCPA PACKET DRAFT FEBRUARY 19, 2004 CMR:174:04: AI’I’ACHMENT C (c) The sixty-five percent (65%) affirmative vote required for action pursuant to this section shall be reduced by the amount that the voting rights of any Participant exceed thirty-five percent (35%), but such sixty-five percent (65%) shall not be reduced below a majority in interest. Section 10. Term and Termination. 10.1 Term. This Agreement shall become effective on the date on which it has been duly executed by NCPA and by one (1) of the Participants and shall continue in effect until terminated by consent of all of the Participants that have not withdrawn or materially defaulted as provided herein on or after the end of the term of the power purchase agreement with PPM Energy, Inc., or if such agreement is not executed with PPM Energy, Inc. by December 31, 2004. 10.2 Termination and Partial Termination. Before the execution of a power purchase agreement with PPM Energy, Inc., and not afterward, any Participant may withdraw from this Agreement by submitting notice, in writing, to all other Participants at least three (3) months in advance of the effective date of such withdrawal. Withdrawal by any Participant shall not 21 NCPA PACKET DRAFT FEBRUARY 19, 2004 CMR:174:04: A’I’I’ACHMENT C terminate this Agreement as to the remaining Participants. Withdrawal by any Participant will not terminate any ongoing or undischarged contingent liabilities or obligations resulting from this Agreement until they are satisfied in full or provision satisf.actory to NCPA and its nonwithdrawing Participants has been made fpr their satisfaction in full. Such termination shall be reflected in revised Participation Percentages. 10.3 Associated Costs. A Participant withdrawing from this Agreement pursuant to Section 10.2 shall reimburse NCPA for any costs resulting from withdrawal, including but not limited to the tegal, accounting, and administrative costs of winding up and assuring the complete satisfaction and discharge of the withdrawing Participant’s obligations. 10.4- Suspension for Default. In the event that a default by a Participant remains uncured for one (1) month after notice, NCPA may suspend the delivery of Project output to that Participant and take any other action, including the remedies for default provided in this Agreement. The suspension and other action will not terminate any ongoing or undischarged contingent liabilities or obligations resulting from this Agreement until such obligations are satisfied in full, and all of the costs thereof, including 22 NCPA PACKET DRAFT FEBRUARY 19, 2004 CMR:174:04: ATTACHMEN[ C reasonable attorney fees, the fees and expenses of other experts, including auditors and accountants, and other reasonable and necessary costs associated with any and all of the remedies, are paid in full. Section 11. Confidentiality. The Participants and NCPA will keep confidential al! confidential or trade secret information made available to them in connection with this Agreement, to the extent possible, consistent with applicable laws, including the California Public Records Act. It shall be the responsibility of the holder of the claim of confidentiality or trade secret to defend at its expense against any request that such information be disclosed. Confidential or trade secret information shall be marked or expressly identified as such. Section 12. Indemnification and Hold Harmless. Each Participant agrees to indemnify, defend and hold harmless NCPA and its members, including their respective entities governing officials, officers, agents, and employees, from and against any and all claims, suits, losses, costs, damages, expenses and liability of any kind or nature, including, without limitation, reasonable attorneys’ fees and the costs of litigation, including experts (Claims), to the extent caused by any breach of contract, negligence, active or passive, gross negIigence or willful misconduct of a Participant, its officers, employees, subcontractors or agents, to 23 NCPA PACKET DRAFT FEBRUARY 19, 2004 CMR:t74:04: A’iTACHMENT C the maximum extent permitted by law, but only as to Claims related to this Agreement. Section 13. No Consequential Damages. No party to this Agreement shall be liable to NCPA or to any Participant or Participants for consequential damages that might result from any action or inaction in connection with this Agreement. Section 14. Amendments. Except where this Agreement specifically provides otherwise, this Agreement may be amended only by wndtten instrument executed by the parties with the same formality as this Agreement. Section 15. Severabili _ty. In the event that any of the terms, covenants or conditions of this Agreement or the application of any such term, covenant or condition, shall be held invalid as to any person or circumstance by any court having jurisdiction, all other terms, covenants or conditions of this Agreement and their application shall not be affected thereby, but shall remain in force and effect unless the court holds that such provisions are not severable from all other provisions of this Agreement. Section 16. Governing Law. This Agreement shall be interpreted, governed by, and construed under the laws of the State of California. 24 NCPA PACKET DRAFT FEBRUARY 19, 2004 Section 17. Headings. All indices, titles, subject headings, section titles and similar items are provided for the purpose of convenience and are not intended to be inclusive, definitive, or affect the meaning of the contents of this Agreement or the scope thereof. Section 18. Notices. Any notice, demand or request required or authorized by this Agreement to be given to any party shall be in writing, and shall either be personally delivered to a representative of the Participant on the Commission and the Secretary of the Commission or transmitted to the Participant and the secretary at the address shown on the signature pages hereof. The designation of such address may be changed at any time by written notice given to the Secretary of the Commission who shall thereupon give written notice of such change to each Participant. Section 19. Warranty of Authority. Each Participant, and NCPA, represents and warrants that it has been duly authorized by all requisite approval and action to execute and deliver this Agreement and that this Agreement is a binding, legal, and valid agreement enforceable in accordance with its terms as to the Participant and as to NCPA. 25 NCPA PACKET DRAFT FEBRUARY 19, 2004 CMR:174:04: A’I’I’ACHMENT C Section 20. Counterparts. This Agreement may be executed in any number of counterparts, and each executed counterpart shall have the same force and effect as an original instrument and as if all the signatories to all of the counterparts had signed the same instrument. Any signature page of this Agreement may be detached from any counterpart of this Agreement without impairing the legal effect of any signatures thereon, and may be attached to another counterpart of this Agreement identical in form hereto but having attached to it one or more signature pages. IN WITNESS WHEREOF, each Participant has executed this Agreement with the approval of its governing body, and NCPA has authorized this Agreement in accordance with the authorization of its Commission. NORTHERN CALIFORNIA CITY OF ALAMEDA POWER AGENCY By: /~/,~O 7/L_,ii__By:. CITY OF BIGGS By:. By:. CITY OF GRIDLEY By:. By:. 26 NCPA PACKET DRAFT FEBRUARY 19, 2004 CMR:174:04: ATTACHMENT CITY OF HEALDSBURG By: By: CITY OF LOMPOC By:. By:. PLUMAS-SIERRA RURAL ELECTRIC COOPERATIVE By:. By:. CITY OF ROSEVILLE By:. By:. TRUCKEE DONNER PUBLIC UTILITY DISTRICT By:. By:. CITY OF UKIAH By:. By:. CITY OF LODI By:. By:. CITY OF PALO ALTO By:. By:. CITY OF REDDING By:. By: CITY OF SANTA CLARA By: By: TURLOCK IRRIGATION DISTRICT By: By: 27 NCPA PACKET DRAFT FEBRUARY 19, 2004 CFtR:174:04: ATTACHI~ENT D MEMBER AGREEMENT (SECOND PHASE) FOR FINANCING OF PLANNING AND DEVELOPMENT ACTIVITIES FOR AGREEMENTS TO PURCHASE POWER FROM ONE OR MORE LANDFILL GAS ELECTRICITY PROJECTS PROPOSED BY AMERESCO, INC. IN THE GREATER SAN FRANCISCO BAY AREA (Livermore and Suisun) This Agreement, by and between Northern California Power Agency, a joint powers agency of the State of California, hereinafter called "NCPA" and its members who execute this Agreement, hereinafter called "Project Members," WITNESSETH: WHEREAS, NCPA and the Project Members are interested in developing additional power generation from renewable resources for the benefit of the residential, commercial, and industrial customers of the Project Members; and WHEREAS, following a competitive proposal process, NCPA and the Project Members have evaluated the potential for purchasing electric power to be 1 NCPA PACKET DRAFT FEBRUARY 19, 2004 CMR:17~:O~: AI"I’ACHf, IENT D generated from one or more landfill gas electric generating projects proposed by Ameresco, Inc. at two locations in the Greater San Francisco Bay Area, near Livermore (Vasco Landfi!l) and Suisun (Portrero Hills Landfill) (Projects); and WHEREAS, by purchasing power from combusting landfill gas, NCPA and the Project Members will help eliminate a greenhouse gas, assist in reducing the emission of volatile organic compounds and particulate matter from the landfills, and aid the State of California in reaching its renewable energy goals; and WHEREAS, the September 22, 1993 Facilities Agreement provides for a second stage of project planning pursuant to a Second Phase Agreement and the identification of a first phase project as an NCPA project in a second phase agreement; and WHEREAS, the second phase consists of all work performed after one or more participants has signed an agreement with NCPA for project study or development, before a Third Phase Agreement becomes effective for obtaining the rights to the output of an NCPA project; and WHEREAS, to advance the due diligence investigation of the Projects and further provide working capital for the negotiation of power purchase agreements by which NCPA could purchase power if the Projects are developed, 2 NCPA PACKET DRAFT FEBRUARY 19, 2004 CMR:174:04: A’I-IACI’IMENI D NCPA and the Project Members hereby declare the Projects to be NCPA Projects, as provided in the Facilities Agreement, and hereby enter into this second phase Agreement; NOW THEREFORE, the parties hereto agree as follows: Section I. Obligations Formalized - Percentage Participation - Collections and Accounting. NCPA, on behalf of itself and the Project Members, shall investigate, evaluate, and if necessary or convenient, act as a lead or responsible agency for the purchase of environmental review of the Projects, and negotiate the terms and conditions of draft power purchase and third phase agreements satisfactory to NCPA and the Project Members. Each Project Member agrees to continue to pay or advance to NCPA, from its electric department net revenues (after the payment of operating expenses) only, its percentage participation share of the costs authorized by Project Members in accordance with this Agreement in connection with the Projects prior to the execution of a Third Phase Agreement authorizing NCPA to enter into power purchase contracts for one or more of the Projects" output. Each Project Member further agrees that it will fix the rates and charges for services provided by its electric department so that it will at all times have sufficient money in its electric department obligation. The percentage participation of each established as follows: revenue funds to meet this Project Member is initially 3 NCPA PACKET DRAFT FEBRUARY 19, 2004 CMR:174.:04: ATTACHMENT CMR:174:0~: ATTACHMENT D Alameda requests 50.0000 Biggs 0.0000 Gridley 0.0000 Healdsburg 0.0000 Lodi 0.0000 Lompoc 0.0000 Palo Alto requests 50.0000 Plumas-Sierra R.E.C.0.0000 Port of Oakland 0.0000 Redding 0.0000 Roseville 0.0000 Santa Clara 0.0000 Truckee Donner Public Utility District 0.0000 Turlock Irrigation District 0.0000 Ukiah 0.0000 100.0000% The percentage participation share of each Project Member shall be revised proportionately if less than all NCPA members become Project Members on the effective date hereof, and thereafter if and when any Project Member withdraws in whole or in part. Any Project Member wholly withdrawing shall 4 NCPA PACKET DRAFT FEBRUARY 19, 2004 thereupon cease to be a Project Member for all purposes except for purposes of Sections 4 and 7(c). NCPA shall demand from each Project Member its share of its financial commitment on a concurrent basis. Any part of such demand by NCPA which remains unpaid for sixty days after its billing date shall bear interest from such sixtieth day at the prime rate of the Bank of America then in effect computed on a daily basis plus two percent until paid. Interest so earned shall not change any Project Member’s participation percentage, and shall become a part of the working capital account defined below. The funds advanced according to this Section I shall be used to establish a working capital account when approved by the Project Members, and in an amount and subject to any limitations approved by the Project Members. Nothing in this Section I shall be construed to prohibit a Project Member from satisfying its financial commitments from unencumbered funds otherwise on deposit at NCPA. 5 NCPA PACKET DRAFT FEBRUARY 19, 2004 Section 2. Financing. Limited Rights to Participate in Final Implementation and (a) Discretion - Disposition of Power. In consideration of the payments provided for in Section 1 hereof, each Project Member who has not wholly withdrawn, or who is not then in default, shall have an exclusive option to enter into a Third Phase Agreement for all or a part of its participation percentage of all power made available to NCPA from the Projects. (b) Increase in Purchases. A Project Member can, at the time of entering into the Third Phase Agreement, purchase more than its participation percentage of the Projects’ power if additional power is available by reason of the non-participation in the Third Phase Agreement by one or more Project Members. Such excess power shall be reallocated among those who do participate in the same proportion as their shares bear to the total shares of those who do participate. If Project Members so entitled do not wish to contract for all the excess power, such remaining excess shall be disposed of as agreed to by the Project Members. (c) Exercise and Effect of Taking Less Than Full Entitlement. The Project Members shall establish the terms and provisions of agreements for NCPA to (i) purchase power from the Projects’ owner and (ii)for the Project 6 NCPA PACKET DRAFT FEBRUARY 19, 2004 C1~1R:174:0~: A’I-[ACflI~II:NI U Members to purchase such power from NCPA, the latter to be known as the Third Phase Agreement. The Project Members shall also establish the date by which the Third Phase Agreement must be executed by Project Members and delivered to NCPA if they are to participate in the purchase of power from the Projects. Failure to execute the Third Phase Agreement for any of its total participation share and to deliver it to NCPA by that date or 30 days after Project Member receipt, whichever is later, will be an irrevocable decision on the part of that Project Member not to purchase any such power or otherwise participate in the Projects. Execution and delivery of the Third Phase Agreement for less than its original total participation percentage, and delivery of that Project Member executed agreement to NCPA by the date established or 30 days after Project Member’s receipt, whichever is later, will likewise be an irrevocable decision on the part o~ that Project Member not to purchase any such power in excess of the share set forth in its delivered agreement. Supplemental agreements or other agreements will be entered into for the excess or surplus power. The procedure for processing supplemental agreements shall be consistent with those prescribed immediately above in this subsection (c) for making purchases of power. Failure to return an executed Third Phase Agreement for any additional power within the prescribed period is an irrevocable decision not to purchase such additional power. The Project Member making any herein defined irrevocable decision not to purchase all of its original share of power shall be 7 NCPA PACKET DRAFT FEBRUARY 19, 2004 CMR:17~:O~: A’I’[ACHMENT D foreclosed from receiving, and shall be relieved of further burdens related to, power which it has declined to purchase or further expense relative to the future development of the Projects. Section 3. Member Direction and Review. NCPA shall comply with all lawful directions of the Project Members with respect to this Agreement, while not stayed or nullified, to the fullest extent authorized by law. Actions of Project Members, including giving directions to NCPA, will be taken only at meetings of authorized representatives of Project Members duly called and held pursuant to the Ralph M. Brown Act. Ordinarily, voting by representatives of Project Members will be on a one member/one vote basis, with a majority vote required for action; however, upon request of a Project Member representative, the voting on an issue will be by percentage participation with a 65% or more favorable vote necessary to carry the action. Any decision related to the Projects taken by the favorable vote of representatives of Project Members holding less than 65% of percentage participation can be reviewed and revised if a Project Member holding any participation percentage gives Notice of Intention to seek such review and revision to each other Project Member within 48 hours after receiving written notice of such action. If such Notice of Intention is so given, any action taken specified in the Notice of Intention shall be nullified, unless the NCPA 8 NCPA PACKET DRAFT FEBRUARY 19, 2004 CMR:174:04: ATTACHMENT D Commissioners of Project Members holding at least 65 % of the total participation percentage then in effect vote in favor thereof at a regular or specially called meeting of Project Members. If the Notice of Intention concerned a failure to act, such action shall nevertheless be taken if NCPA Commissioners of Project Members holding at least 65% of the total Participation Percentage vote in favor thereof at a regular or specially called meeting of Project Members. Section 4. Repayment to Members. All payments and advances made heretofore, and those hereafter made pursuant to Section 1, will not be repaid to the Project Members making such payments and advances pursuant to this Agreement, except out of the Projects’ unused funds, along with all other receipts to which NCPA is entitled in connection with the Projects. Section 5. Term. This Agreement shall take effect as of March 1, 2004, or whenever executed by NCPA members holding 85% of the im’tial percentage participation, whichever is later, and it shall not take effect at all if not in effect by June 30, 2004. This Agreement shall be superseded by the Third Phase Agreement pursuant to Section 2, except that Section 4 shah remain in effect. Changes in this provision, except as to Section 4, shall be in accordance with Section 3 hereof. 9 NCPA PACKET DRAFT FEBRUARY 19, 2004 Section Y. Assignment. This Agreement and any interest in it shall not be assigned without ~he advance written consent of NCPA and the Proiect Members. Section 6. Financial Commitments. Each Project Member agrees to a total financial commitment for its respective percentage participation of a total sum, including payments and advances heretofore made, up to $100,000 in costs allocable to NCPA, as authorized and approved by Project Members. Section 8. Withdrawal From Further Participation. If at any time following the execution of this Agreement, there is an increase in the financial commitment beyond that contemplated in Section 6, Project Members may partially withdraw, i.e., from participation in the increase, or may withdraw wholly from the Projects. Any withdrawal shall be subject to honoring any commitments made by them or on their behalf pursuant to authorization of this Agreement. To withdraw, such Project Members shall give NCPA written notice of such withdrawal, in part or in whole, within thirty (30) days of the receipt of the notice by them of the increase. Section 9. Voting Rights and Duration. A Project Member is participating for purposes of Section 3 percentage voting until it completely withdraws, but a partial withdrawal will result in a reduction in its percentage participation share 10 NCPA PACKET DRAFT FEBRUARY 19, 2004 to the ratio of its payments after such withdrawal to the total amount of payments by all Project Members after such withdrawal. When the Third Phase Agreement is executed, or revised, revised participation percentages for voting shall be established by dividing the amount of power agreed to be purchased by each Project Member by the total amount of power to be purchased by all Project Members except that the 65% of percentage participation specified in Sections 3 and 9 shall be reduced by the amount that the percentage participation of any Project Member shall exceed 35%, but such 65% shall not be reduced below 50%. Section 10. Quorum Defined. The presence of either a majority of the Project Members, or of Project Members then having a combined participation percentage of at least 65%, shall constitute a quorum for the purpose of action. Section 11. Indemnification. Each Project Member agrees to indemnify, defend and hold harmless NCPA and its members, including their respective governing officials, officers, agents, and employees, from and against any and all claims, suits, losses, costs, damages, expenses and liability of any kind or nature, including, without limitation, reasonable attorneys’ fees (Claims) to the extent caused by any breach of contract, negligence, active or passive, gross negligence or willful misconduct of the Project Members, their officers, employees, subcontractors or agents, to the maximum extent permitted by law, but only as to Claims related to this Agreement. 11 NCPA PACKET DRAFT FEBRUARY 19, 2004 IN WITNESS WHEREOF, each Project Member has executed this Agreement with the approval of its governing body, and NCPA has authorized this Agreement in accordance with the authorization of its Commission. NORTHERN CALIFORNIA POWER AGENCY/. 1 By: ~V~/(~;i .~" CITY OF ALAMEDA By:. By:. CITY OF BIGGS CITY OF GRIDLEY By:By:. By:By:. CITY OF HEALDSBURG CITY OF LODI By:By: By:By: CITY OF LOMPOC CITY OF PALO ALTO By:By: By:By: 12 NCPA PACKET DRAFT FEBRUARY 19, 2004 PLUMAS-SIERRA RURAL "ELECTRIC COOPERATIVE By: By: CITY OF ROSEVILLE By:. By:. TRUCKEE DONNER PUBLIC UTILITY DISTRICT By:. By:. CITY OF UKIAH By:. By:. CITY OF REDDING By: By: CITY OF SANTA CLARA By: By: TURLOCK IRRIGATION DISTRICT By: By: 13 NCPA PACKET DRAFT FEBRUARY 19, 2004 CMR:174:04:A’I-IACHMEN1 E MEMBER AGREEMENT (SECOND PHASE) FOR FINANCING OF PLANNING AND DEVELOPMENT ACTIVITIES FOR AGREEMENTS TO PURCHASE POWER FROM ONE OR MORE LANDFILL GAS ELECTRICITY PROJECTS PROPOSED B½ ENERGY DEVELOPMENTS, INC. IN THE GREATER SAN FRANCISCO BAY AREA (Pittsburg and Another Location) This Agreement, by and between Northern California Power Agency, a joint powers agency of the State of California, hereinafter called "NCPA" and its members who execute this Agreement, hereinafter called "Project Members," WITNESSETH: WHEREAS, NCPA and the Project Members are interested in developing additional power generation from renewable resources for the benefit of the residential, commercial, and industrial customers of the Project Members; and WHEREAS, following a competitive proposal process, NCPA and the Project Members have evaluated the potential for purchasing electric power to be 1 NCPA PACKET DRAFT FEBRUARY 19, 2004 CHR:174:04.: ATrACHH~-NI I:: generated from one or more landfill gas electric generating projects proposed by Energy Developments, Inc. at two locations in the Greater San Francisco Bay Area, near Pittsburg (Keller Canyon Landfill) and another Location (Undisclosed Bay Area Landfill) (Projects); and WHEREAS, by purchasing power from combusting landfill gas, NCPA and the Projec.t Members will help eliminate a greenhouse gas, assist in reducing the emission of volatile organic compounds and particulate matter from the landfills, and aid the State of California in reaching its renewable energy goals; and WHEREAS, the September 22, 1993 Facilities Agreement provides for a second stage of project planning pursuant to a Second Phase Agreement and the identification of a first phase project as an NCPA project in a second phase agreement; and WHEREAS, the second phase consists of all work performed after one or more participants has signed an agreement with NCPA for project study or development, before a Third Phase Agreement becomes effective for obtaining the rights to the output of an NCPA project; and WHEREAS, to advance the due diligence investigation of the Projects and further provide working capital for the negotiation of power purchase 2 NCPA PACKET DRAFT FEBRUARY 19, 2004 CMR:174:04: ,ATTACHMENI- I: agreements by which NCPA could purchase power if the Projects are developed, NCPA and the Project Members hereby declare the Projects to be NCPA Projects, as provided in the Facilities Agreement, and hereby enter into this second phase Agreement; NOW THEREFORE, the parties hereto agree as follows: Section 1. Obligations Formalized - Percentage Participation - Collections and Accounting. NCPA, on behalf of itself and the Project Members, shall investigate, evaluate, and if necessary or convenient, act as a lead or responsible agency for the purchase of environmental review of the Projects, and negotiate the terms and conditions of draft power purchase and third phase agreements satisfactory to NCPA and the Project Members. Each Project Member agrees to continue to pay or advance to NCPA, from its electric department net revenues (after the payment of operating expenses) only, its percentage participation share of the costs authorized by Project Members in accordance with this Agreement in connection with the Projects prior to the execution of a Third Phase Agreement authorizing NCPA to enter into power purchase contracts for one or more of the Projects’ output. Each Project Member further agrees that it will fix the rates and charges for services provided by its electric department so that it will at all times have sufficient money in its electric department revenue funds to meet this 3 NCPA PACKET DR_AFT FEBRUARY 19, 2004 obligation. The percentage participation of each Project Member is initially established as follows: Alameda requests 50.0000 Biggs 0.0000 Gridley 0.0000 Healdsburg 0.0000 Lodi 0.0000 Lompoc 0.0000 Palo Alto requests 50.0000 Plumas-Sierra R.E.C.0.0000 Port of Oakland 0.0000 Redding 0.0000 Roseville 0.0000 Santa Clara 0.0000 Truckee Donner Public Utility District 0.0000 Turlock Irrigation District 0.0000 Ukiah 0.0000 100.0000% The percentage participation share of each Project Member shall be revised proportionately if less than all NCPA members become Project Members 4 NCPA PACKET DRAFT FEBRUARY 19, 2004 C1flR:174:04: ATFACHt4EN] E on the effective date hereof, and thereafter if and when any Project Member withdraws in whole or in part. Any Project Member wholly withdrawing shall thereupon cease to be a Project Member for all purposes except for purposes of Sections 4 and 7(c). NCPA shall demand from each Project Member its share of its financial commitment on a concurrent basis. Any part of such demand by NCPA which remains unpaid for sixty days after its billing date shall bear interest from such sixtieth day at the prime rate of the Bank of America then in effect computed on a daily basis plus two percent until paid. Interest so earned shall not change any Project Member’s participation percentage, and shall become a part of the working capital account defined below. The funds advanced according to this Section I shall be used to establish a working capital account when approved by the Project Members, and in an amount and subject to any limitations approved by the Project Members. Nothing in this Section I shall be construed to prohibit a Project Member from satisfying its financial commitments from unencumbered funds otherwise on deposit at NCPA. NCPA PACKET DRAFT FEBRUARY 19, 2004 CMR:174:04: ATTACHMENT E Section 2. Financing. Limited Rights to Participate in Final Implementation and (a) Discretion - Disposition of Power. In consideration of the payments provided for in Section 1 hereof, each Project Member who has not wholly withdrawn, or who is not then in default, shall have an exclusive option to enter into a Third Phase Agreement for all or a part of its participation percentage of all power made available to NCPA from the Projects. (b) Increase in Purchases. A Project Member can, at the time of entering into the Third Phase Agreement, purchase more than its participation percentage of the Projects’ power if additional power is available by reason of the non-participation in the Third Phase Agreement by one or more Project Members. Such excess power shall be reallocated among those who do participate in the same proportion as their shares bear to the total shares of those who do participate. If Project Members so entitled do not wish to contract for all the excess power, such remaining excess shall be disposed of as agreed to by the Project Members. (c) Exercise and Effect of Taking Less Than Full Entitlement. The Project Members shall establish the terms and provisions of agreements for NCPA to (i) purchase power from the Projects’ owner and (ii)for the Project 6 NCPA PACKET DRAFT FEBRUARY 19, 2004 CHR:174:04: ATI"ACHHENT E Members to purchase such power from NCPA, the latter to be known as the Third Phase Agreement. The Project Members shall also establish the date by which the Third Phase Agreement must be executed by Project Members and delivered to NCPA if they are to participate in the purchase of power from the Projects. Failure to execute the Third Phase Agreement for any of its total participation share and to deliver it to NCPA by that date or 30 days after Project Member receipt, whichever is later, will be an irrevocable decision on the part of that Project Member not to purchase any such power or otherwise participate in the Projects. Execution and delivery of the Third Phase Agreement for less than its original total participation percentage, and delivery of that Project Member executed agreement to NCPA by the date established or 30 days after Project Member’s receipt, whichever is later, will likewise be an irrevocable decision on the part of that Project Member not to purchase any such power in excess of the share set forth in its delivered agreement. Supplemental agreements or other agreements will be entered into for the excess or surplus power. The procedure for processing supplemental agreements shall be consistent with those prescribed immediately above in this subsection (c) for making purchases of power. Failure to return an executed Third Phase Agreement for any additional power within the prescribed period is an irrevocable decision not to purchase such additional power. The Project Member making any herein defined irrevocable decision not to purchase all of its original share of power shall be 7 NCPA PACKET DRAFT FEBRUARY 19, 2004 CMR:174:04: AnACHMENT E foreclosed from receiving, and shall be relieved of further burdens related to, power which it has declined to purchase or further expense relative to the future development of the Projects. Section 3. Member Direction and Review. NCPA shall comply with all lawfu! directions of the Project Members with respect to this Agreement, while not stayed or nullified, to the fullest extent authorized by law. Actions of Project Members, including giving directions to NCPA, will be taken only at meetings of authorized representatives of Project Members duly called and held pursuant to the Ralph M. Brown Act. Ordinarily, voting by representatives of Project Members will be on a one member/one vote basis, with a majority vote required for action; however, upon request of a Project Member representative, the voting on an issue will be by percentage participation with a 65% or more favorable vote necessary to carry the action. Any decision related to the Projects taken by the favorable vote of representatives of Project Members holding less than 65% of percentage participation can be reviewed and revised if a Project Member holding any participation percentage gives Notice of Intention to seek such review and revision to each other Project Member within 48 hours after receiving writ-ten notice of such action. If such Notice of Intention is so given, any action taken specified in the Notice of Intention shall be nullified, unless the NCPA 8 NCPA PACKET DRAFT FEBRUARY 19, 2004 CMR:174:04: ATTACHMENT E Commissioners of Project Members holding at least 65% of the total participation percentage then in effect vote in favor thereof at a regular or specially called meeting of Project Members. If the Notice of Intention concerned a failure to act, such action shall nevertheless be taken if NCPA Commissioners of Project Members holding at least 65% of the total Participation Percentage vote in favor thereof at a regular or specially called meeting of Project Members. Section 4. Repayment to Members. All payments and advances made heretofore, and those hereafter made pursuant to Section 1, will not be repaid to the Project Members making such payments and advances pursuant to this Agreement, except out of the Projects’ unused funds, along with all other receipts to which NCPA is entitled in connection with the Projects. Section 5. Term. This Agreement shall take effect as of March 1, 2004, or whenever executed by NCPA members holding 85% of the initial percentage participation, whichever is later, and it shall not take effect at all if not in effect by June 30, 2004. This Agreement shall be superseded by the Third Phase Agreement pursuant to Section 2, except that Section 4 shah remain in effect. Changes in this provision, except as to Section 4, shall be in accordance with Section 3 hereof. 9 NCPA PACKET DRAFT FEBRUARY 19, 2004 CMR:174:04: ATTACHMENT E Section 6. Financial Commitments. Each Project Member agrees to a total financial commitment for its respective percentage participation of a total sum, including payments and advances heretofore made, up to $100,000 in costs allocable to NCPA, as authorized and approved by Project Members. From time to time as needs arise, representatives of Project Members may, by a favorable vote as provided in Section 3, authorize an increased financial commitment above $100,000, which can be shown to support the completion of the Projects, but only after 30 days’ written notice of such proposed increase has been given to all Project Members. Section 7. Assignment. This Agreement and any interest in it shall not be assigned without the advance written consent of NCPA and the Project Members. Section 8. Withdrawal From Further Participation. If at any time following the execution of this Agreement, there is an increase in the financial commitment beyond that contemplated in Section 6, Project Members may partially withdraw, i.e., from participation in the increase, or may withdraw wholly from the Projects. Any withdrawal shall be subject to honoring any commitments made by them or on their behalf pursuant to authorization of this Agreement. To withdraw, such Project Members shall give NCPA written notice 10 NCPA PACKET DRAFT FEBRUARY 19, 2004 CMR:174:04: ATTACHMENT of such withdrawal, in part or in whole, within thirty (30) days of the receipt of the notice by them of the increase. Section 9. Voting Rights and Duration. A Project Member is participating for purposes of Section 3 percentage voting until it completely withdraws, but a partial withdrawal will result in a reduction in its percentage participation share to the ratio of its payments after such withdrawal to the total amount of payments by all Project Members after such withdrawal. When the Third Phase Agreement is executed, or revised, revised, participation percentages for voting shall be established by dividing the amount of power agreed to be purchased by each Project Member by the total amount of power to be purchased by all Project Members except that the 65% of percentage participation specified in Sections 3 and 9 shall be reduced by the amount that the percentage participation of any Project Member shall exceed 35%, but such 65% shall not be reduced be!ow 50%. Section 10. Ouorum Defined. The presence of either a majority of the Project Members, or of Project Members then having a combined participation percentage of at least 65%, shall constitute a quorum for the purpose of action. Section 11. Indemnification. Each Project Member agrees to indemnify, defend and hold harmless NCPA and its members, including their respective governing officials, officers, agents, and employees, from and against any and all 11 NCPA PACKET DRAFT FEBRUARY 19, 2004 CMR:1~’4:04: ATTACHMENT E claims, suits, losses, costs, damages, expenses and liability of any kind or nature, including, without limitation, reasonable attorneys’ fees (Claims) to the extent caused by any breach of contract, negligence, active or passive, gross negligence or willful misconduct of the Project Members, their officers, employees, subcontractors or agents, to the maximum extent permitted by law, but only as to Claims related to this Agreement. IN WITNESS WHEREOF, each Project Member has executed this Agreement with the approval of its governing body, and NCPA has authorized this Agreement in accordance with the authorization of its Commission. CITY OF ALAMEDA By:. By:. CITY OF BIGGS CITY OF GRIDLEY By:.By:. By:.By:. CITY OF HEALDSBURG By:. By:. CITY OF LODI By:. By:. 12 NCPA PACKET DRAFT FEBRUARY 19, 2004 CMR:174:04:AI-rACHMEN1 E CITY OF LOMPOC By:. By: PLUMAS-SIERRA RURAL ELECTRIC COOPERATIVE By: By:. CITY OF ROSEVILLE By: By:. TRUCKEE DONNER PUBLIC UTILITY DISTRICT By:. By:. CITY OF UKIAH By:. By:. CITY OF PALO ALTO By:. By:. CITY OF REDDING By:. By:. CITY OF SANTA CLARA By:. By:. TURLOCK IRRIGATION DISTRICT By: By: 13 NCPA PACKET DRAFT FEBRUARY 19, 2004