...Title
Actions Related to the Phase 1 Rates and Energy Supply Contracts for San José Clean Energy.
...Recommendations
a. Adopt a resolution authorizing the Director of Community Energy to negotiate and execute energy supply contracts using the Western Systems Power Pool (“WSPP”) Agreement in an amount not to exceed $3,000,000 in aggregate and other related action;
b. Approve the initial electric generation rates for Phase I (City Accounts) as shown in Attachment 2;
c. Adopt the following Fiscal Year 2017-2018 Appropriation Ordinance and Funding Sources Resolutions amendments in the San Jose Clean Energy Fund:
1. Increase the estimate for Financing Proceeds in the amount of $724,000;
2. Decrease the Non-Personal/Equipment appropriation to the Community Energy Department in the amount of $1,232,000;
3. Decrease the Personal Services appropriation to the Community Energy Department in the amount of $649,000;
4. Decrease the Personal Services appropriation to the City Attorney’s Office in the amount of $344,000;
5. Decrease Pacific Gas & Electric (PG&E) Security Deposit appropriation to the Community Energy Department in the amount of $51,000; and
6. Establish the Cost of Energy appropriation to the Community Energy Department in the amount of $3,000,000.
CEQA: Not a Project, File No. PP17-003, Agreements/Contracts (New or Amended) resulting in no physical changes to the environment; File No. PP17-004, Government Funding Mechanism or Fiscal Activity with no commitment to a specific project which may result in a potentially significant physical impact on the environment. (Community Energy/City Manager)