AGENDA TITLE:
title
Adopt a Resolution Authorizing City Manager to Execute Third Phase Agreement with Northern California Power Agency for Renewable Power Purchase Agreement with Grace Orchard Energy Center, LLC (EU)
end
MEETING DATE:
July 17, 2024
PREPARED BY:
Jiayo Chiang, Electric Utility Resources Analyst
recommendation
RECOMMENDED ACTION:
Adopt a resolution authorizing the City Manager to execute a Third Phase Agreement with the Northern California Power Agency ("NCPA") for the Renewable Power Purchase Agreement with Grace Orchard Energy, LLC ("Grace").
body
BACKGROUND INFORMATION:
California Renewables Portfolio Standard ("RPS") requirements necessitate 60 percent of the City's retail energy sales be supplied by renewable energy by 2030 and every year thereafter.
Lodi Electric Utility's ("LEU") existing generation resources at NCPA, in addition to more recently acquired power contract resources including the Astoria 2 Solar Project (2016), South Feather Water and Power Agency Hydroelectric Project (2021), Antelope 1B Solar Project (2022), and Geysers Geothermal Project (2023), will enable LEU to meet current RPS requirements through at least 2025. While Lodi continues to work with NCPA on the identification of and due diligence associated with additional power resources to meet 2030 RPS requirements, LEU has just recently completed efforts on the proposed project described herein.
Selection of this project was a result of a competitive solicitation conducted by NCPA on behalf of members in 2020 and subsequently amended in 2022 to identify and select cost-effective resources to support member RPS obligations.
Located in Riverside County, California, Grace will sell renewable energy produced from a 50 MW solar facility. Through negotiations with NCPA on behalf of Lodi and other members, Grace has agreed to sell and deliver the renewable energy and green attributes to NCPA for the benefit of its members. Negotiations on the terms and...
Click here for full text