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Resolution 14188CITY OF ALAMEDA RESOLUTION NO.14188 AUTHORIZING THE EXECUTION BY THE GENERAL MANAGER OF ALAMEDA POWER & TELECOM OF THE FIRST AMENDMENT TO THE POWER PURCHASE AGREEMENT WITH AMERESCO KELLER CANYON, LLC FOR A PRICE INCREASE OF DELIVERED POWER FROM LANDFILL GAS GENERATION WHEREAS, in 2005, the City Council approved a power purchase agreement between Ameresco Keller Canyon, LLC (Ameresco) and Alameda Power & Telecom for the purchase of renewable energy from a proposed landfill gas to energy project located at the Keller Canyon landfill in Pittsburg, CA; and WHEREAS, Alameda Power & Telecom and the City of Palo Alto are the two buyers of the full electricity output from the project with power production shared equally (50/50) by the two cities under the terms of two separate, but identical, power purchase agreements with Ameresco; and WHEREAS, in December 2007, Ameresco contacted Alameda Power & Telecom and the City of Palo Alto representing that the proposed generating project encountered a number of permitting and site evaluation problems that have significantly increased the project's capital costs; and WHEREAS, due to the material cost impacts of these pre-construction events, and as allowed under the terms of the power purchase agreement, Ameresco is seeking a price increase for the plant's energy output; and WHEREAS, Alameda Power & Telecom staff has evaluated the financial impact of the requested price increase and finds that the new price remains cost-effective when compared with other alternative resources; and WHEREAS, the Alameda Public Utilities Board has reviewed and approved Amendment No. 1 to the power purchase agreement and recommends that the City Council ratify its action. NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Alameda that: 1. The Council ratifies the action of the Public Utilities Board to authorize execution of the first amendment to the power purchase agreement between Alameda Power & Telecom and Ameresco and authorizes the General Manager to execute the amendment. I, the undersigned, hereby certify that the foregoing Resolution was duly and regularly adopted and passed by the Council of the City of Alameda during the Regular Meeting of the City Council on the 18th day of March, 2008, by the following vote to wit: AYES: Councilmembers deHaan, Gilmore, Matarrese, Tam and Mayor Johnson - 5. NOES: None. ABSENT: None. ABSTENTIONS: None. IN WITNESS, WHEREOF, I have hereunto set my hand and affixed the official seal of said City this 19th day of March, 2008. Lara Weisiger, City 6lek City of Alameda