AGENDA TITLE:
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Adopt a Resolution Accepting and Attesting to Veracity of 2023 Lodi Electric Utility Power Source Disclosure and Power Content Label Reports and Authorizing Electric Utility Director to Submit Required Reports to California Energy Commission (EU)
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MEETING DATE:
September 18, 2024
PREPARED BY:
Melissa Price, Assistant Electric Utility Director
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RECOMMENDED ACTION:
Adopt a resolution accepting and attesting to the veracity of the 2023 Lodi Electric Utility Power Source Disclosure and Power Content Label reports and authorizing the Electric Utility Director to submit the required reports to the California Energy Commission.
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BACKGROUND INFORMATION:
Lodi Electric Utility (LEU) is required to annually disclose the sources of electricity it sells to consumers using reporting formats provided by the California Energy Commission (CEC), per Assembly Bill 162 (Statute of 2009), Senate Bill 1305 (Statute of 1997), Assembly Bill 1110 (Statute of 2016) and Assembly Bill 2227 (Statute of 2012).
As part of this requirement, LEU first submits a Power Source Disclosure (PSD) to the CEC detailing its resource mix for the reporting year as illustrated in Exhibit A. The CEC then compiles power resource information from all load serving entities to issue a resource mix for California. LEU is then required to provide a Power Content Label (PCL) to its customers and the CEC showing the percentage breakdown by resource type as illustrated in Exhibit B. Generation data for both reports is compiled by the Northern California Power Agency (NCPA) and reviewed for accuracy by LEU staff. All reporting activities must be completed by October 1, 2024 and notification to LEU’s customers must be completed by December 31, 2024. Customer notification will be done via utility bills, LEU’s website, social media, and postings at various City site locations including LEU, City Hall, Carnegie Forum, and the Library.
LEU continues to remain compliant with Renewables Portfolio Standard requirements and more than 68 percent of its power resource portfolio includes carbon free resources. Diversification of power resources and investment in renewables to fix costs and mitigate future energy market price risk helps maintain a cost-effective power portfolio.
On June 27, 2024, the Risk Oversight Committee received information on LEU’s power resource mix. As of the date of preparation of this report, the CEC had not issued California’s 2023 power mix as part of the 2023 PCL template. Once received, LEU will transfer its data to the CEC template and submit and post accordingly. Staff recommend City Council accept and attest to the veracity of the 2023 LEU PSD and 2023 LEU PCL attached as Exhibits A and B.
STRATEGIC VISION:
3A. Fiscal Health: Promote City's transparency & fiscal fluency.
FISCAL IMPACT:
Not applicable.
FUNDING AVAILABLE:
Not applicable.
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Jeff Berkheimer
Electric Utility Director
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Scott R. Carney
City Manager