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HomeMy WebLinkAboutMinutes - June 10, 2014 SSLODI CITY COUNCIL SHIRTSLEEVE SESSION CARNEGIE FORUM, 305 WEST PINE STREET TUESDAY, JUNE 10, 2014 An Informal Informational Meeting ("Shirtsleeve" Session) of the Lodi City Council was held Tuesday, June 10, 2014, commencing at 7:00 a.m. Present: Council Member Johnson, Council Member Nakanishi, Mayor Pro Tempore Hansen, and Mayor Katzakian Absent: Council Member Mounce Also Present: City Manager Schwabauer, City Attorney Magdich, and City Clerk/Legislative Affairs Officer Johl-Olson Electric Utility Director Elizabeth Kirkley provided a PowerPoint presentation regarding the public benefits and renewable energy funds. Specific topics of discussion included program history, eligible expenses, revenues, recent expenditures, expenditure plan, current and future projects, and Astoria 2 solar project overview including participants, project features, and economics. Council Member Nakanishi requested information regarding the average cost of energy for customers. In response to Council Member Johnson, Ms. Kirkley stated the rebate reduction was put into place to incentivize solar companies to reduce the cost for solar panels. In response to Council Member Johnson, Ms. Kirkley stated there is no current mandate regulating when public benefit funds must be spent. In response to Council Member Nakanishi, Ms. Kirkley confirmed that the administration cost of the public benefits program is 3%. In response to Mayor Pro Tempore Hansen, Ms. Kirkley stated the total cash balance in the budget does not change because funds move from one fund to another for public benefit projects but the bottom line remains the same. In response to Council Member Nakanishi, Mr. Schwabauer confirmed that public benefit fund expenditures are authorized by Council and he anticipates coming back to the City Council in the next few meetings. In response to Council Member Nakanishi, Ms. Kirkley stated the cap and trade program is administered directly by Electric Utility staff. In response to Council Member Johnson, Ms. Kirkley stated the effluent project is funded by everyone in Northern California Power Agency (NCPA) who is a part of the geyser project and Lodi has been paying into the project as a part of the Electric Utility budget. In response to Council Member Johnson, Rates and Resources Manager Melissa Price stated A. Roll Call by City Clerk B. Topic(s) B-1 Public Benefits, Renewable Energy Funds, Utilization of Greenhouse Gas Revenue, and Participation in Solar Energy Project (EU) the Astoria 2 project was not fully subscribed by Southern California Public Power Authority members because the members were already involved with other projects. In response to Council Member Johnson, Ms. Kirkley and City Manager Schwabauer confirmed that the Renewable Portfolio Standards (RPS) requirement needs to be met, traditional power source prices are low, power prices will go up with demand, developer tax credits will expire in 2016, and the project will be up and running in 2017. In response to Council Member Nakanishi, Ms. Kirkley confirmed that the City of Lodi would be buying energy at 10mw in the Astoria 2 project but will not own any portion of the project. In response to Mayor Katzakian, Ms. Price discussed the difficulty associated with being a smaller and medium size in NCPA as it relates to obtaining full subscription for projects. Mr. Schwabauer confirmed there would be no conflict with NCPA if the City of Lodi were to participate in the Astoria 2 project. In response to Council Member Nakanishi, General Counsel for NCPA Mike Dean confirmed that, if the Astoria 2 project goes under, the City does not have any liability associated with the same because it is only purchasing the power and does not have ownership in the project. In response to Mayor Pro Tempore Hansen, Ms. Price and Ms. Kirkley stated it is difficult to ascertain what the fines and penalties will be if agencies do not meet the RPS by the 2020 deadline because it has not yet happened. In response to Council Member Johnson, Ms. Price stated NCPA previously had a "Green Pool" for smaller and medium size members and that, while requests for proposals for projects were submitted, none of those projects came to fruition due to the high costs associated with them. In response to Council Member Nakanishi, Mr. Schwabauer stated PG&E has 100mw in the Astoria 1 project and typically green energy projects are done through private entities. In response to Council Member Nakanishi, Ms. Price stated the break even time frame for solar power costs is ten years and staff will continue to look into solar options for the City going into the future. In response to Mayor Katzakian, Ms. Price confirmed that the life expectancy of the project is 20 years and it will no longer exist after that time. Mr. Dean provided a brief overview of project governance for the City of Lodi through the buyers joint project agreement and power purchase agreement and briefly discussed proportionate voting abilities for power purchases. In response to Council Member Nakanishi, Mr. Dean confirmed that the City's primary and alternate representatives on the purchase committee can be staff or elected officials. Council Member Johnson requested additional information regarding similar solar projects that have been tried before, including when they came online and how successful they were. In response to Council Member Johnson, Mr. Schwabauer stated the Light-Emitting Diode (LED) street lighting project is a big project and will cost approximately $3 million and the City Hall chiller project will also be costly. A brief discussion ensued between Mr. Johnson and Mr. Schwabauer regarding other City projects that may be considered for public benefit funds. In response to Council Member Nakanishi, Ms. Kirkley confirmed that the greenhouse gas fund has no other revenue source other than auction funds, and that the solar and public benefit funds have no other revenue source other than the surcharge. In response to Mayor Pro Tempore Hansen, Ms. Kirkley stated currently the City is at approximately 20% and with the proposed Astoria 2 project it will meet its 33% renewable requirement by 2020. In response to Mayor Katzakian, Ms. Kirkley confirmed there is a 25% renewable benchmark for 2016 to ensure agencies are on track. Myrna Wetzel spoke in regard to her concern about a news story regarding LED lights in the City of Davis and urged staff to look into the same. None. No action was taken by the City Council. The meeting was adjourned at 7:55 a.m. C. Comments by Public on Non-Agenda Items D.Adjournment ATTEST: Randi Johl-Olson City Clerk/Legislative Affairs Officer City Council Meeting June 10, 2014 Your Community Owned Utility Since 1910 ŠHistory ƒPublic Benefits ƒSolar Surcharge ƒGreenhouse Gas (GHG / Cap & Trade) ŠEligible Expenses ŠRevenues ŠExpenditures ƒGHG Expenditure Plan ƒCurrent / Future Projects ŠSummary 2 ŠPublic Benefits ƒAB 1890 (1996) – Public Goods Charge à2.85% electric utility revenue àNo expiration ƒLodi implemented 1998 – 2.5% rate increase ŠSolar Surcharge ƒSB 1 (2006) – CA Solar Initiative à$6.1M requirement (2008 – 2017) ƒLodi implemented 2007 - $0.00125/kWh surcharge ŠGreenhouse Gas ƒAB 32 (2006) àCap & Trade Program began in 2012 àEnforceable compliance obligation effective in 2013 ƒLodi allowances for consignment (2013 – 2020) 3 ŠPublic Benefits Fund ƒDemand-side management ƒRenewable energy resources & technologies ƒResearch development & demonstration ƒLow-income services ŠSolar Surcharge Fund ƒSolar incentives customer systems > 1 kW àAnnual 7% rebate reduction àNet energy metering cap 5% peak load or 2017 4 ŠGreenhouse Gas Fund ƒBenefit retail ratepayers consistent with AB 32 goals àRenewable resources àEnergy efficiency àCustomer rebates àIndirect costs associated with Cap and Trade àLow-income programs ƒSimilar to Public Benefits Funds 5 ŠPublic Benefits Fund ƒOver $20M collected since 1998 ƒ~$1.8M/year ƒCurrent balance: $4.5M ŠSolar Surcharge Fund ƒ~$3.5M collected since 2008 ƒ~$550k/year ƒMinimal carryover each year ŠGreenhouse Gas Fund ƒOver $2M collected since 2012 ƒ$2M/year ƒCurrent balance: $2.4M 6 7ŠPublic Benefits Fund ƒPrimarily energy efficiency projects and rebates ƒOn average: à20% residential à60% commercial à20% City ƒAbout 2,000,000 kWh/year in savings 3%4%32%8%53%Annual BudgetAdminRD&DLow IncomeRenewable EnergyEE & Rebates 8ŠPublic Benefits Fund (cont’d) ƒEU operating fund incurred $7.1M eligible PB costs since FY 08/09 àOnly $2.3M has been transferred or reimbursed àRemaining $4.8M eligible to reimburse EU operating fund from PB fund àTransfer would not change overall EU cash balance àTransfer would provide additional funding for EU operations, i.e. distribution system maintenance 9ŠSolar Surcharge Fund ƒ$3.6M in rebates issued àPrimarily residential ƒInstalled capacity ~2.5 MW ƒAnnual generation ~3,800,000 kWh ŠGreenhouse Gas Fund ƒMinimal expenditures to date < $50k ƒIndirect costs àCap and Trade àRPS 10ŠAnnual report to CA Air Resources Board ƒValue of auction proceeds ƒDisposition of revenue ƒExpenditure compliance with State requirements ŠStaff recommendation: ƒRenewable energy (RPS compliance) ƒEnergy efficiency ài.e. LED Streetlights 11ŠOngoing ƒDemand-side management (EE / Rebates) ƒRD&D ƒSolar rebates ƒLow-income services ƒGeysers Effluent Project ŠFuture ƒAstoria 2 Solar ƒOther mandated renewable energy generation ƒLED streetlights ƒCity Hall Annex chiller 12Commercial Operation - 12/31/16 LA County Line Astoria 2 75 MW Solar Kern County, CA CAISO SP-15 – Point of Delivery (Whirlwind Substation) $64/MWh 20 year term “Piggy-back” project to PG&E’s 100 MW Astoria 1 Astoria 2 Solar Project Recurrent Energy Astoria 1 13RE Astoria 2 Solar LLC 75MW 10 MW 45 MW Azusa – 2 MW Banning – 8 MW Colton – 5 MW Vernon – 30 MW 10 MW 6 MW 2 MW 2 MW Astoria 2 Participants ŠEstablished developer – CA’s 3rd largest ŠEnergy guaranteed to meet RPS requirements ŠFixed price ($64/MWh contract life) ŠMinimum output guaranteed (80%) ŠMilestones for bringing project online ƒLiquidated damages paid on failure ŠOption to purchase project ƒBuyers have first right of refusal ƒRecurrent must sell project to “qualified entity” 14Astoria 2 Project Features ŠLodi’s share ~31k MWh/year (7% load) ŠTotal cost ~$2M/year ŠMarket price comparison ƒ$335k > FY 2016/17 (half of FY) ƒ$526k > FY 2017/18 ƒFuture cost differential declines w/ fixed price & rising market prices Š~1% increase in purchased power costs ŠAllowable use of GHG Funds 15Astoria 2 Economics 16RPS With Astoria 2 27% 20% 25% 29% 31% 33% 33% 33% 33% 020,00040,00060,00080,000100,000120,000140,000160,0002015 2016 2017 2018 2019 2020 2021 2022 2023UndeterminedHistoricCarryoverAstoria 2 SolarExisting NCPARPS Eligible(MWh) ŠPublic Benefits Fund ƒDemand-side management – energy efficiency / rebates ƒResearch development & demonstration ƒLow-income services ƒGeysers Effluent Project ƒLED streetlights ƒCity Hall chiller ƒReimburse EU Operating Fund ŠSolar Surcharge Fund ƒSolar rebates ŠGreenhouse Gas Revenue ƒAstoria 2 Solar ƒOther renewable energy generation ƒEnergy efficiency - LED streetlights 17Summary