Loading...
HomeMy WebLinkAboutResolutions - No. 2020-242RESOLUTION NO. 2020-242 A RESOLUTION OF THE LODI CITY COUNCIL ADOPTING THE REVISED CITY OF LODI ELECTRIC UTILITY RENEWABLES PORTFOLIO STANDARD PROCUREMENT PLAN AND ENFORCEMENT PROGRAM WHEREAS, on October 7, 2015, Senate Bill (SB) 350 was signed into law which mandated a 33 percent Renewables Portfolio Standard (RPS) target by 2020 and 50 percent RPS target by 2030. On September 10, 2018, SB 100 was signed into law which accelerates the RPS target to 50 percent by 2026 and 60 percent by 2030; and WHEREAS, pursuant to Public Utilities Code, Section 399.30, Lodi Electric Utility (LEU) must adopt and implement a renewable energy resources procurement plan (RPS Procurement Plan) and a program for the enforcement of the RPS Procurement Plan (RPS Enforcement Program) and update these documents as appropriate; and WHEREAS, the Revised City of Lodi Electric Utility Renewables Portfolio Standard Procurement Plan and Enforcement Program (Revised Plan) replaces the prior RPS Procurement Plan and Enforcement Program approved by City Council on December 11, 2011 (Resolution 2011-195), on December 19, 2012 (Resolution 2012-206), and on November 20, 2013 (Resolution 2013-207) and reflects changes as a result of most currently revised regulations; and WHEREAS, the Revised Plan outlines a strategy for fulfilling unmet long-term generation resource needs that requires LEU to procure a minimum quantity of electricity products from eligible renewable energy resources, including renewable energy credits, as a specified percentage of the total kilowatt-hours sold to LEU's retail customers each compliance period to achieve specified procurement targets; and WHEREAS, the Revised Plan requires LEU, through the Risk Oversight Committee, to annually review the City's progress toward meeting RPS goals and determine whether reasonable progress is being made to sufficiently meet compliance year targets; and WHEREAS, if targets are not being met, LEU has the ability to apply historic carryover from renewable energy procured through 2010 and/or review the applicability of applying excess procurement from prior compliance periods. LEU may review the applicability and appropriateness of excusing performance based on cost limitation provisions included in the Revised Plan; and WHEREAS, the Revised Plan includes a required long-term procurement provision whereby starting in 2021, LEU must procure at least 65 percent of its RPS resources from contracts of 10 or more years in duration. Combined with historic carryover and excess surplus, LEU anticipates its existing RPS resources will meet RPS requirements through 2024. NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council does hereby adopt the Revised City of Lodi Electric Utility Renewables Portfolio Standard Procurement Plan and Enforcement Program. Dated: October 21, 2020 ------------------------------------------------------------------------ ------------------------------------------------------------------------ I hereby certify that Resolution No. 2020-242 was passed and adopted by the City Council of the City of Lodi in a regular meeting held on October 21, 2020 by the following vote: AYES: COUNCIL MEMBERS — Chandler, Mounce, Nakanishi, and Mayor Kuehne NOES: COUNCIL MEMBERS — None ABSENT: COUNCIL MEMBERS — None ABSTAIN: COUNCIL MEMBERS — None JENNIFE USMIR City Cler 2020-242