...Title
Actions Related to Power Procurement.
...Recommendations
Adopt a resolution:
(a) Increasing the authority granted to the Director of Community Energy or her designee to negotiate and execute contracts, including but not limited to long-term Power Purchase Agreements, subject to the Energy Risk Management Policy, the appropriation of funds, and Risk Oversight Committee approval of all contracts with a duration of five years or more, for the procurement of:
(1) Power supply products, other than Resource Adequacy products, including but not limited to renewable projects and shaped or dispatchable power products, by $298,000,000 from $2,373,700,000 to an amount not to exceed $2,671,700,000 in aggregate in Calendar Years 2021 through 2043; and
(2) Resource Adequacy including but not limited to storage projects combined with dispatchable power, by $310,000,000 from $488,000,000 to an amount not to exceed $798,000,000 in aggregate in Calendar Years 2021 through 2043.
(b) Authorizing the Director of Community Energy or her designee, in consultation with the City Attorney’s Office, to negotiate and execute consultant and cost-sharing agreements with California Community Power and other Community Choice Aggregators, in an amount not to exceed a total of $320,000 per year in aggregate, to conduct necessary activities to identify, evaluate, and negotiate potential California Community Power energy programs and projects, including but not limited to: (1) issuing requests for information and request for proposals, (2) evaluating bids submitted through competitive solicitations, (3) negotiating contracts with selected bidders, and (4) related activities.
(c) Authorizing the Director of Community Energy or her designee to negotiate and execute exclusivity agreements with shortlisted bidders in San José Clean Energy competitive power procurement processes.
CEQA: Not a Project, File No. PP17-003, Agreements/Contracts (New or Amended) resulting in no physical changes to the environment. (Community Energy)