HomeMy WebLinkAboutCity of Santa Clara 2014-03-12 � l��- d'� i K — 2,1�
Purchaser: City of Santa Clara,dba Silicon Valley Seller: City of Ukiah
Power
Contact: Saul Lo ez Contact: Mel Grandi
Phone: (408)615-6692 Phone: 707)463-6295
F�� Fax: (707)463-6740
TRANSACTION Agreement
California RPS eligible RECs
This Confirmation Agreement(this"Confirmation") is entered into this 12th day of March, 2014(the`Bffective
Date"), by and between the City of Ukiah,or(Seller)and City of Santa Claza, dba Silicon Valley Power("SVP"
or`Buver"), each referred to herein individually as a"P�"and collectively as the"Parties",regarding the
pttrchase and sale of the Product(as defined below)under the terms and conditions below. Additional definitions
are included under the"Definitions section below. This document is the complete agreement. This agreement may
be modified by written agreement by the Parties.
Definitions:
"CEC"means the California�nergy Commission, or its successor organization.
"Renewable Ener�v CrediY' or "REC" has the meaning set forth in California Public Utilities Code Section
399.12(h),as may be amended from time to time or as fuMher defined or supplemented by Law.
"WREGIS" means the Western Renewable Energy Generation Information System and is used synonymously with
the electronic tracking system used to monitor and demonstrate compliance with California RPS law, or its
successor organization and/or successor tracking system.
Transaction.• This transaction is intended to transfer the environmental attributes associated with the
NCPA Geothermal Unit 4. City of Ukiah does not guarantee any specific treatment of
transferred Renewable Energy Credits(REC)by regulatory authorities such as the CEC.
Product Type: WI2�GIS California Certified NCPA Geothermal RECs of Vintage November 2013 from
Geothermal2 Unit 4
Geothermal Unit Detail:
Facility Name Location Fuel CEC-RPS- WREGIS
ID Generating
Unit
ID
NCPA Geothermal 2 Middletown Geo-thermal 60911A W1257
Unit 4 CA
EFFECTIVE DATE AND OTHER PROVISIONS:
Tenn: The Term of this Transaction shall commence upon the Effective Date and continue
through March 31, 2014 or until the Parties have fulfilled al] obligations with respect to the
Transaction. The NCPA Geothermal RECs are normally entered into the City of Ukiah's
WREGIS from NCPA three months after generation has occurred. The transfer to SVP will
be made contingent on this.
RECs Price: $27.00 per REC.
RECs Delivery Point. Title to RECs shall transfer from Seller to Buyer through WREGIS.
Contract Quantity
ofRECs: The Contract Quantity of RECs shall be 593.
Notices: All notices should be sent to the following contact inforntation for each Par[y:
SVP:
Power Trading Division
Silicon Va1leyPower
1601 Civic Center Dr. Ste 102
Santa Clara,CA 95050
City of Ukiah:
Attn: Mel Grandi
Electric Utility Director
City of Ukiah
411 W. Clay St.
Ukiah,CA 95482
Communications: Communications for Settlements as below. All communications other than otherwise
specified will be sent to the contact on the top of the first page.
SVP:
Silicon Valley Power
1601 Civic Center Dr. Ste 102
Santa Clara, CA 95050
Attn: Back Office
Email: bsareent(c�svoower.com
Citv of Ukiah:
Attn: Mel Grandi
Electric Utility Director
City of Ukiah
4ll W. Clay St.
Ukiah, CA 95482
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Execution:
IN WITNESS WHEREOF, the Parties have signed this Confirmation to be effective as of the
Effective Date.
City of Santa Clara, dba Silicon Valley Power City of Ukiah
Buyer Seller
By: -. �� By: �����
Name: �r1v� t-ta-���e � N8171@: Jane Chambers
Title: L1SSfsd-u,wk �{�ec�or TItI@: City Manager
Date: ,3 �I 2�2C� I�{ Date: 3�a-la/��I
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