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HomeMy WebLinkAboutReso 2021-109RESOLUTION NO. 2021-109 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING A CONFIRMATION AGREEMENT WITH SHELL ENERGY EXTENDING THE TERM OF THE ENERGY SERVICE AGREEMENT BETWEEN THE CITY OF CHULA VISTA AND SHELL ENERGY THROUGH JUNE 30, 2024 WHEREAS, the California Public Utilities Commission began implementation of Assembly Bill 1890 in 1998 to make the generation of electricity more competitive in California through the creation of “Direct Access Services;” and WHEREAS, Direct Access allows commercial, industrial, and agricultural customers to purchase electricity from a third-party Electric Service Provider, instead of from the local Investor- Owned Utility; and WHEREAS, Direct Access allows these customers to potentially negotiate better electricity commodity rates or higher renewable energy power mixes from the open market; and WHEREAS, the City of Chula Vista has four electricity accounts that are under Direct Access Service with Shell Energy via an Energy Service Agreement between the City and Shell Energy; and WHEREAS, under the Energy Service Agreement the City “locks-in” electricity procurement rates for certain time periods through subsequent Confirmation Agreements to minimize utility cost fluctuations; and WHEREAS, the City’s current Confirmation Agreement and associated rates are expiring; and WHEREAS, the City is now updating its electricity procurement rates with Shell Energy and can purchase electricity with 100% renewable content which is equal to the renewable energy content San Diego Community Power will provide for all other City accounts at full rollout; and WHEREAS, the City can secure a $70.26 per megawatt hour rate for a three-year term under the proposed Confirmation Agreement via Shell Energy’s Retail Delivered 100% Renewable Power product; and WHEREAS, this 100% renewable product from Shell Energy is projected to cost approximately $70,000 less than the base product from San Diego Gas and Electric; and WHEREAS, this approximate $70,000 in annual savings with Shell Energy can completely offset the estimated $61,000 per year price difference from San Diego Gas and Electric’s base rate to San Diego Community Power’s 100% renewable energy product at all remaining City accounts. DocuSign Envelope ID: DF270913-6CEB-4381-ADDA-939955B5B5A7 Resolution No. 2021-109 Page No. 2 NOW, THEREFORE, the City Council of the City of Chula Vista does hereby resolve that it approves the Confirmation Agreement between the City of Chula Vista and Shell Energy, in the form presented, with such modifications as may be approved or required by the City Attorney, a copy of which shall be kept on file in the Office of the City Clerk, and directs the City Manager or designee to executed the same. Presented by Approved as to form by Eric C. Crockett Glen R. Googins Deputy City Manager/Director of Economic City Attorney Development PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 15th day of June 2021 by the following vote: AYES: Councilmembers: Cardenas, Galvez, Padilla, and Casillas Salas NAYS: Councilmembers: None ABSENT: Councilmembers: McCann Mary Casillas Salas, Mayor ATTEST: Kerry K. Bigelow, MMC, City Clerk STATE OF CALIFORNIA ) COUNTY OF SAN DIEGO ) CITY OF CHULA VISTA ) I, Kerry K. Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing Resolution No. 2021-109 was duly passed, approved, and adopted by the City Council at a regular meeting of the Chula Vista City Council held on the 15th day of June 2021. Executed this 15th day of June 2021. Kerry K. Bigelow, MMC, City Clerk DocuSign Envelope ID: DF270913-6CEB-4381-ADDA-939955B5B5A7