HomeMy WebLinkAboutResolutions - No. 2013-09RESOLUTION NO. 2013-09
A RESOLUTION OF THE LODI CITY COUNCIL APPROVING
AMENDMENT NO. 1 TO AMENDED AND RESTATED PROJECT
AGREEMENT NO. 5 BETWEEN AND AMONG THE TRANSMISSION
AGENCY OF NORTHERN CALIFORNIA AND ITS PARTICIPATING
MEMBERS AND AUTHORIZING EXECUTION BY THE CITY MANAGER
WHERAS, the City of Lodi is a participant in the California -Oregon Transmission Project
(COTP) through agreements with the Transmission Agency cf Northern California (TANC); and
WHEREAS, COTP is a 500 kV transmission line that runs from southern Oregon to central
California, which has provided access to power markets in the Pacific Northwest since 1993; and
WHEREAS, Project Agreement No. 5 provides for short-term marketing of COTP
transmission when that transmission is not being used by the participant who owns that
transmission; and
WHEREAS, this marketing resulted in revenues of $3,287,540 for the first seven months of
2012, with Lodi's share being $34,500; and
WHEREAS, the present agreement limits sales to periods of less than a year, and the
participants believe that extending sales periods up to and including one full year will increasethese
sales; and
WHEREAS, this change is made by simply changing Section 14 of the Agreement by
replacing the words "less than" with the words "up to"; and
WHEREAS, staff recommends approval of this amendment since additional transmissions
sales may be realized resulting in increased revenue.
NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council does hereby approve
Amendment No. 1 to Amended and Restated Project Agreement No. 5 between and among the
Transmission Agency of Northern California and its participating members and authorizing
execution by the City Managerwith administration by the Electric Utility Director.
Dated: February 6, 2013
----------------------------------------------------------------------------
----------------------------------------------------------------------------
hereby certify that Resolution No. 2013-09 was passed and adopted by the City Council of
the City of Lodi in a regular meeting held February 6, 2013, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCIL MEMBERS— Hansen, Johnson, Katzakian, Mounce, and
Mayor Nakanishi
COUNCIL MEMBERS— None
COUNCIL MEMBERS— None
COUNCIL MEMBERS— None
2013-09
JOHL
City Clerk