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HomeMy WebLinkAbout2021-04-13; Public Financing Authority; Resolution 84RESOLUTION NO. 84 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE CARLSBAD PUBLIC FINANCING AUTHORITY SELECTING THE CLEAN ENERGY ALLIANCE POWER SUPPLY PRODUCT FOR CARLSBAD PUBLIC FINANCING AUTHORITY ELECTRIC SERVICE ACCOUNTS WHEREAS, Community Choice Aggregation is a mechanism that allows local governments to purchase and supply electrical power to customers within their jurisdictions as an alternative to the service provided by an investor-owned utility; and WHEREAS, on October 8, 2019, the Carlsbad City Council adopted Resolution No. 2019-197 approving and authorizing the execution of the Joint Exercise of Powers Agreement creating the Clean Energy Alliance, a Community Choice Aggregation Joint Powers Authority; and WHEREAS, on October 15, 2019, the Carlsbad City Council approved Ordinance No. CS-362 authorizing the implementation of a Community Choice Aggregation program in Carlsbad; and WHEREAS, Section 6.5 of the Clean Energy Alliance Joint Exercise of Powers Agreement states that the Alliance's power supply base product will be greater than or equal to 50% qualified renewable resources; and WHEREAS, Section 6.5 of the Clean Energy Alliance Joint Exercise of Powers Agreement also states that the Clean Energy Alliance Board of Directors shall establish product options with higher renewable and/or GHG-free content that each Alliance member may select; and WHEREAS, on March 4, 2021, the Clean Energy Alliance Board of Directors adopted Clean Energy Alliance Resolution No. 2021-007, establishing initial Clean Energy Alliance rates and power supply product offerings to include: •Clean Impact — Minimum 50% Renewable Energy Product, •Clean Impact Plus — 50% Renewable and 75% Carbon-Free Energy Product, and •Green Impact — 100% Renewable Energy Product; and WHEREAS, on March 9, 2021, the Carlsbad City Council adopted Resolution No. 2021-053 establishing the Clean Impact 75 (now "Clean Impact Plus") as the default power supply product for all customer accounts (municipal, commercial, industrial and residential) within the City of Carlsbad. NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Carlsbad Public Financing Authority as follows: 1. That the above recitations are true and correct. April 13, 2021 Item #9 Page 8 of 13 2.That the Carlsbad Public Financing Authority, as an electric service customer within the Clean Energy Alliance service area, selects Clean Impact Plus as the power supply product offering to power its electric service accounts within the City of Carlsbad. 3.That the Executive Director or a designee shall provide a copy of this Resolution to the Clean Energy Alliance. PASSED, APPROVED AND ADOPTED at a Special Joint Meeting of the Board of Directors of the Carlsbad Public Financing Authority, City Council of the City of Carlsbad and the Board of Directors of the Carlsbad Municipal Water District on the 13th day of April, 2021, by the following vote, to wit: AYES: Hall, Blackburn, Acosta, Bhat-Patel. NAYS: None. ABSENT: Schumacher. MATT HALL, Chair hutct .30 BARBARA ENGLESON, Secretary (SEAL) , 01111;o /I „os, fiNAN ii/ • Q? .-" .. ••• 4, - :.- 0.. ; .._.- ca :- ..z. ,.., •• c..-:. - al :To c.:z.z... --...- to -• : 0 _ - -> -• 0 \e- .:4,:, .:...- -. ch'• 4LiFoik* .. C." ' ... s,..-•. .•• ,_. ,••• 0. 1/1111;it1‘11 April 13, 2021 Item #9 Page 9 of 13