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Resolution 14186CITY OF ALAMEDA RESOLUTION NO. 14186 APPROVING THE POWER PURCHASE AGREEMENT BETWEEN NORTHERN CALIFORNIA POWER AGENCY AND WESTERN GEOPOWER, INC., FOR THE PURCHASE OF POWER FROM A NEW GEOTHERMAL POWER PLANT AT A FIXED PRICE OF $98/MWh OVER AN INITIAL 20-YEAR TERM AND AUTHORIZE THE GENERAL MANAGER TO EXECUTE THE THIRD PHASE AGREEMENT FOR MEMBERS OF NCPA TO PARTICIPATE IN THE PROPOSED PROJECT WHEREAS, the Northern California Power Agency (NCPA) has negotiated a renewable energy Power Purchase Agreement with Western Geo Power, Inc., to purchase the entire project output from a new geothermal project located in the Geysers Geothermal Field in the Mayacamas Mountains of Sonoma and Lake Counties in the State of California; and WHEREAS, NCPA, under the terms of the Power Purchase Agreement and on behalf of its members including Alameda Power & Telecom, would purchase the plant output for an initial period of 20-years with 4 negotiable option terms of 5 years each; and WHEREAS, NCPA has developed a Third Phase Agreement between NCPA and participating members establishing rights and obligations, including rights to take delivery of electricity from the new power plant and obligations for members to pay NCPA for such energy deliveries; and WHEREAS, Alameda Power & Telecom staff has evaluated the project and concluded that the specified contract price is economical and that Alameda's project allocation will help meet the electric loads of the city in a timely, reliable and environmentally beneficial manner; and WHEREAS, the Alameda Public Utilities Board has reviewed and approved this Purchase Power Agreement and Third Phase 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 approving: (i) the renewable energy Power Purchase Agreement between NCPA and Western Geo Power, Inc., and (ii) the Third Phase Agreement between NCPA and its participating members. 2. The General Manager of Alameda Power & Telecom is authorized to execute the Third Phase Agreement without material change. 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 4th 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 5th day of March, 2008. Lara Weisiger, City ale City of Alameda