HomeMy WebLinkAboutReso 95-274 - Approving entering into agreement between the City & Pacificorp: A short term power sales agreement % ^ ' � •
RESOLUTION NO. 95-��'I
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
APPROVING ENTERING INTO THE FOLLOWING AGREEMENTS BETWEEN
THE CITY AND PACIFICORP (PROPOSED AGREEMENTS): A SHORT-
TERM POWER SALES AGREEMENT, A LONG-TERM POWER PURCHASE
AGREEMENT, A LONG-TERM POWER SALES AND EXCHANGE
AGREEMENT, AND A SERVICE AGREEMENT UNDER FEDERAL ENERGY
REGULATORY COMMISSION (FERC) TARIFF PPL-3.
WHEREAS, the City of Redding currently has two power contracts with PacifiCorp: (1) a
Long-Term Power Sales Agreement executed in October 1993 by which Redding purchases 50 MW
of capacity and associated energy from PacifiCorp; and (2) a Power Exchange Agreement executed in
April 1995 by which Redding provides power to PacifiCorp from San Juan in exchange for a billing
credit under the Long-Term Power Sales Agreement; and
WHEREAS, in an effort to reduce electricity costs, the Electric Department approached
PacifiCorp a few months ago with suggestions for enhancing the contractual arrangements between the
City and PacifiCorp; and
WHEREAS, subsequent negotiations have resulted in an arrangement projected to provide
significant benefits to the City's electric ratepayers, as set forth in the accompanying Report to City
Council; and
WHEREAS, the Proposed Agreements will work in conjunction with the two existing
Redding/PacifiCorp agreements, as well as an existing agreement with the Western Area Power
Administration; and
WHEREAS, the City Council has determined that it is desirable and furthers the public
purpose to enter into the Proposed Agreements with PacifiCorp;
NOW, THEREFORE, IT IS HEREBY RESOLVED that the City Council approves entering �
into the following agreements between the City of Redding and PacifiCorp:
► Short-Term Power Sales Agreement, �
► Long-Term Power Purchase Agreement, �
► Long-Term Power Sales and Exchange Agreement, and �
► Service Agreement under FERC Tariff PPL-3, �
in substantially the form on file with the City Clerk and incorporated by reference as if fully set forth �
herein.
• . .: � •
BE IT FURTHER RESOLVED that the Mayor is authorized to sign said agreements on
behalf of the City of Redding, and the City Clerk is directed to attest, seal and deliver the same, with
such changes therein as shall be approved by the City Attorney and the Mayor executing the same,
with such execution to constitute conclusive evidence of such officers' approval and the City's
approval of any changes or revisions therein from the form of agreements on file with the City Clerk.
I HEREBY CERTIFI' that the foregoing Resolution was introduced, read, and adopted at a
regular meeting of the City Council on the Sth day of December, 1995, by the following vote:
AYES: COUNCIL MEMBERS: P• Anderson, R. Anderson, McGeorge, Murray and Kehoe
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
/ ,
�.�-
DAVID HOE, M r
ATTEST:
c �
ONNIE STRO AYER, City Clerk
FORM APPROVED:
� �G��' � ���"� �C-
W. LEONARD W ATE, City Attorney
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