AGENDA TITLE:
title
Adopt a Resolution Authorizing City Manager to Execute Second Phase Agreement for Combustion Turbine Project Number Two Repower Project with Northern California Power Agency (NCPA) and Adopt a Resolution Declaring Intention to Reimburse Expenditures from Proceeds of Obligations Issued by NCPA (EU)
end
MEETING DATE:
March 5, 2025
PREPARED BY:
Melissa Price, Assistant Electric Utility Director
recommendation
RECOMMENDED ACTION:
Adopt a resolution authorizing the City Manager to execute a Second Phase Agreement for the Combustion Turbine Project Number Two Repower Project with Northern California Power Agency (NCPA) and adopt a resolution declaring intention to reimburse expenditures from proceeds of obligations issued by NCPA.
body
BACKGROUND INFORMATION:
Pursuant to various NCPA agreements and amendments, Lodi and other NCPA members maintain generation entitlement shares of the Combustion Turbine Project Number Two - Unit One (CT2 Project), co-located adjacent to the Lodi Energy Center.
The CT2 Project is a 49.9 megawatt steam injected gas turbine facility built in 1993 and commercially operational in 1996. The CT2 Project has reached its end of life and is no longer serviceable. NCPA proposes to repower the facility and bond finance said improvements on behalf of various member participants.
The Cities of Lodi, Lompoc and Roseville (Project Participants) are interested in retaining or developing power generation to meet the future electric demands of their electric customers by repowering the facility to extend the period of time during which it can operate. A future CT2 Repower Project will continue to provide energy, capacity and the ability to integrate hydrogen as a fuel source in the future.
The second phase of an NCPA Project includes all work performed for project surveys, preliminary investigations, study, design, or development. The proposed Agreement will also include major equipment deposits and procu...
Click here for full text