...Title
Settlement Agreement between the City of San José and Calpine Energy Solutions, LLC and Calpine Community Energy, LLC
...Recommendations
Approve a settlement agreement with Calpine Energy Solutions, LLC, acknowledged and agreed to by Calpine Community Energy, LLC, for the latter to credit the City in the amount of $900,000 spread over the first 36 months of the term of a new Services Agreement with Calpine Community Energy, LLC in equal monthly credits of $25,000, with a payment of any remaining credit balance due upon the earlier termination or expiration of the same.
CEQA: Not a Project, File No. PP17-003, Agreements/Contracts (New or Amended) resulting in no physical changes to the environment). (City Attorney)