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HomeMy WebLinkAboutResolutions - No. 2014-69RESOLUTION NO. 2014-69 A RESOLUTION OF THE LODI CITY COUNCIL AUTHORIZING THE CITY MANAGER TO EXECUTE A SECOND AMENDED AND RESTATED POOLING AGREEMENT WITH THE NORTHERN CALIFORNIA POWER AGENCY --------------------------------------------------------------------------------- --------------------------------------------------------------------------------- WHEREAS, the Northern California Power Agency (NCPA) currently provides various Power Management and Administrative services to the City of Lodi pursuant to multiple service based agreements including a Facilities Agreement (FA), Scheduling Coordination Program Agreement (SCPA), and Pooling Agreement (PA); and WHEREAS, many of these agreements were developed prior to the deregulation of the wholesale electric industry and therefore require modification to make them consistent with current electric utility industry requirements; and WHEREAS, updates to these agreements are also needed to ensure consistency with how costs associated with such services are allocated to NCPA members in accordance with current NCPA Commission approved policies; and WHEREAS, the Second Amended and Restated Pooling Agreement sets forth the terms and conditions under which NCPA may provide Power Pool Management Services to members including, but not limited to, load, resource and price forecasting, resource planning and optimization, energy and capacity transaction activities, risk analysis and management, pre -scheduling, scheduling and dispatch activities, power pool operations and settlement standards, contract administration and industry restructuring, and advocacy activities; and WHEREAS, the Second Amended and Restated Pooling Agreement has been written to mitigate cross -member risk and is structured to insulate members who do not take certain services from NCPA from risks inherent in the services and transactions undertaken by NCPA on behalf of any given member or group of members; and WHEREAS, the Second Amended and Restated Pooling Agreement is designed to clearly assign costs attributed to particular services and to ensure that members who take certain services are obligated to assume all obligations that result from NCPA's actions in performing the services; and WHEREAS, the Risk Oversight Committee received a report on this agenda item and recommends City Council approval. NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council does hereby authorize the City Manager to execute the Second Amended and Restated Pooling Agreement with NCPA. Dated: May 7, 2014 --------------------------------------------------------------------------------- --------------------------------------------------------------------------------- I hereby certify that Resolution No. 2014-69 was passed and adopted by the City Council of the City of Lodi in a regular meeting held May 7, 2014, by the following vote: AYES: COUNCIL MEMBERS — Hansen, Johnson, Mounce, and Mayor Katzakian NOES: COUNCIL MEMBERS — None ABSENT: COUNCIL MEMBERS — Nakanishi ABSTAIN: COUNCIL MEMBERS — None 1--7 HL-OLSON 2014-69