HomeMy WebLinkAboutReso 95-224 - Approving Entering into an Energy Sales Agreement with the M-S-R Public Power Agency for the sale of up to 27 GWH Per CY of Energy to M-S-R .. .,� . � �
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RESOLUTION NO. 95- 22�
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
REDDING APPROVING ENTERING INTO AN ENERGY SALES
AGREEMENT WITH THE M-S-R PUBLIC POWER AGENCY FOR
THE SALE OF UP TO 27 GWH PER CALENDAR YEAR OF ENERGY
TO M-S-R.
WHEREAS, the City of Redding is a member of the Modesto—Santa
Clara—Redding Public Power Agency; and
WHEREAS, on October 31, 1989, the United States of America, Department of
Energy, acting by and through the Bonneville Power Administration (BPA), and the M-S-R
Public Power Agency (M-S-R) entered into a Sale and Exchange Agreement (Contract No.
DE-MS79-88BP92499) pursuant to which M-S-R, under specified terms and conditions, will
purchase and receive firm power, and under certain conditions receive firm power with a
requirement to return energy to BPA (the Exchange); and
WHEREAS, under the terms of the proposed Energy Sales Agreement, Redding shall
sell and provide up to 27 GWh per calendar year of energy to M-S-R for use by M-S-R in
meeting its exchange obligations to BPA pursuant to the Sale and Exchange Agreement; and
WHEREAS, the Energy Sales Agreement is a condition precedent to M-S-R effecting
a conversion of the BPA Agreement from a "sale mode" to an "exchange mode" should
future conditions so warrant; under certain conditions, such a conversion could create
considerable savings for Redding's electric ratepayers;
WHEREAS, the energy provided by Redding to M-S-R under the Energy Sales
Agreement will satisfy Redding's 15 percent share of M-S-R's obligation for return energy, ,�\
and result in up to a 22.5 MW portion of the Sale and Exchange Agreement being fixed in �}�
the "exchange mode"; and ' ' �
NOW THEREFORE IT IS HEREBY RESOLVED that the Cit Council of the �
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City of Redding approves entering into the M-S-R/City of Redding Energy Sales Agreement, �
a copy of which is attached hereto and made a part hereof, to become effective upon
execution by both parties and terminating at midnight on December 31, 2010. �
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� BE IT FURTHER RESOLVED that the Mayor is authorized to sign the agreement
on behalf of the City; and the City Clerk is directed to attest his signature and impress the
official seal of the City.
I HEREBY CERTIFY that the foregoing resolution was introduced, read, and
adopted at a regular meeting of the City Council on the 3rd day of october , 1995, by
the following vote:
AYES: COUNCIL MEMBERS: R. Anderson, McGeorge, Murray and Kehoe
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: P. Anderson
ABSTAIN: COUNCIL MEMBERS: None
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DAVID . KEHOE, ayor
ATTEST:
CONNIE STROHMAYER ity Clerk
FORM APPROVED:
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W. LEONARD WIN ATE, City Attorney
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