HomeMy WebLinkAbout2010/02/02 Item 10
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CITY COUNCIL
AGENDA STATEMENT
~\ff:. CITY OF
.~ (HUlA VISTA
ITEM TITLE:
SUBMITTED BY:
REVIEWED BY:
FEBRUARY 2, 2010, Item /0
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA: (A) DIRECTING AND AUTHORIZING THE
CITY MANAGER TO NEGOTIATE AND EXECUTE TWO
OPTION AGREEMENTS: (I) ONE WITH APEX POWER LLC,
TO LEASE CITY PROPERTY TO SITE A STATE OF THE ART
NATURAL GAS FIRED POWER GENERA.TION FACILITY,
AND (2) ONE WITH APEX POWER GROUP LLC, AND/OR
SDG&E TO LEASE, PURCHASE, OR OBTAIN AN EASEMENT
ON, CITY PROPERTY TO LOCATE A TRANSMISSION
SUBSTATION, TRANSMISSION LINES AND ASSOCIATED
INFRASTRUCTURE TO INTERCONNECT THE PROPOSED
FACILITY; AND (B) DIRECTING STAFF TO CONDUCT THE
NECESSARY ENVIRONMENTAL REVIEW AND THEN
RETURL'l TO COUNCIL FOR APPROVAL OF THE FINAL
AGREEMENTS
DIRECTOR OF CONSERVATION &
SERVICES e
CITY MANAGER
ASSISTANT CITY ANAGER ~
ENVIRONMENT~
4/5THS VOTE: YES D NO I X I
SUMMARY
In March 2007 the City Council directed staff to look for an alternative site to the South Bay
Power Plant of the Bayfront. Staff has worked with the Council Energy Sub Committee, the
energy generation industry, SDG&E, and state agencies to identify and develop potential site
options. Staff worked with these partners and Chula Vista private property owners to identify
three private and one City owned parcel that met the basic conditions identified by the energy
regulators and industry. The City Council authorized staff to promote the potential development
of these sites to more than thirty energy generation companies that had successfully permitted a
facility with the California Energy Commission (CEC) and built a facility in California within
the past four years. In May 2009 Council approved draft business terms for a lease and
authorized staff to work with two private development power generation companies that
expressed interest in developing the City owned location to submit, as their respective project, in
response to a Request for Offers (RFO) extended by SDG&E. SDG&E has selected one of those
10-1
FEBRUARY 2, 2010, ItemlL
Page 2 of 5
companies, Apex Power Group, LLC (Apex), for further negotiations and discussions regarding
their proposal on an energy generation facility of 200Mw to 400Mw that would be in service by
the summer of 2013 and designed to complement the intermittent load of renewable power
sources such as solar and wind. Staff is requesting that the City Council: (a) direct and authorize
the City Manager to negotiate and execute two option agreements as follows: (i) one with Apex,
to lease city property to site the facility; and (ii) one with Apex and/or SDG&E to lease,
purchase, or obtain an easement on city property to site the transmission substation, transmission
lines, and associated infrastructure necessary to interconnect the proposed facility; and (b) direct
staff to conduct all necessary environmental review and then return to Council, for approval of
the final agreements.
ENVIRONMENTAL REVIEW
The Environmental Review Coordinator has reviewed the proposed activity for compliance with
the California Environmental Quality Act (CEQA) and has determined that the proposed request
sceking authorization for lease negotiation and executing an option agreement(s), is not a
"Project" as defined under Section 15378 of the State CEQA Guidelines. The agreements' terms
will not constitute approval of any future project that the City Council has not yet considered,
approved, adopted or funded. The agreements would be limited to a series of options. The City
of Chula Vista as a "Responsible Agency" would participate in conjunction with the
CEC when the project discretionary process is initiated and in the preparation of the final
environmental document. Therefore, pursuant to Section 15060(c)(3) of the State CEQA
Guidelines the proposed action is not subject to CEQA.
RECOMMENDATION
That Council adopt the resolution.
BOARDS/COMMISSION RECOMMENDATION
The Energy Sub-committee has reviewed the proposal, concurred with staffs recommendation
as proposed, and directed staff to continue to work with stakeholders throughout the process.
DISCUSSION
Background
From the 1960's to 2000 the San Diego region had relied primarily on two 1960's vintage
electricity-generating facilities in Carlsbad (Encina 900 Mw, 1958) and Chula Vista (700Mw -
1960). In 1968 Southern California Edison, SDG&E, and the City of Riverside Utility built the
2,200Mw San Onofre Nuclear facility of which Riverside owns approximately 1.8% and
SDG&E owns approximately 20% or 440Mw for a total of approximately 2,000Mw of locally
available base load power generation. Since 1990 the 1,600Mw of aging generation at the
Carlsbad and Chula Vista facilities have transitioned from base load to back up generation.
Between 1970 and 2005 regional peak demand doubled and the region became more and more
dependent on transmission and imported electricity to make up the difference of local electricity
needs. During that time, Chula Vista also experienced a significant growth in the development
of major transmission lines throughout our community.
Since 2001 the region has built approximately 300Mw of natural gas fired peaking capacity.
Two base load plants were also built - the Escondido power plant (546Mw 2006) and Otay Mesa
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FEBRUARY 2, 2010, Item /0
Page 3 of 5
Power Generating Facility (590Mw 2009) for a total of approximately 1,386Mw of more modern
natural gas fueled generation. The region has also established a number of smaller distributed
generation facilities including renewable projects that contribute a few hundred megawatts to
local electricity reliability and supply. Chula Vista and Carlsbad are both working to
decommission and retire their two respective plants which would eliminate 1,600Mw from the
region's reserve generation capacity. The CEC has pernlitting authority for all power generating
facilities of 50 Megawatts or greater within the State of California and the CEC would be the
lead agency for the proposed project. The project would be subject to a CEQA equivalent
process as part of the CEC process and staff would participate in the CEC process as a
responsible party to review and comment on the CEC environmental process as it relates to the
City's land use and general plan guidelines at that time.
Purpose for Pursuing the Proiect
The City of Chula Vista currently hosts approximately 20 miles of regional electricity
transmission corridor with more than 80 cumulative miles of 69kv to 500kv transmission
circuits, and one 709Mw natural gas fueled generation facility, ilie South Bay Power Plant. In
2001 and 2002 four peaker plants of approximately 200Mw were added in the South Bay, one on
Main Street in Chula Vista. Additionally, at that time the permit process tor another major
585Mw power plant in Otay Mesa was completed. The City also hosts a significant portion of
the region's natural gas transmission corridor and associated pipeline.
Chula Vista is the second largest of 18 cities in the county and the fourteenth largest of 496 cities
in the State of Calitornia. The City expects to host its reasonable share of energy infrastructure to
ensure the reliable and cost effective delivery of energy, even as the City executes its
commitment to a responsible transition to a less dependent ifnot fossil free future. In 2001, the
statI, the Council Energy representatives, and the Mayor's Office began regularly meeting and
corresponding with the California Independent System Operator (CAISO), CEC and CPUC to
develop a strategy to manage the City's energy destiny and the impact from the proliferation of
these facilities. In those meetings with the CAISO, staff and Council were told that a
replacement natural gas fired generation plant of approximately 500Mw in Chula Vista would
provide the City with energy infrastructure "peace" for a generation and guarantee that RMR
would be removed from the South Bay Power Plant. A generation or twenty (20) years is
approximately the same period that complements the City's strategy tor transitioning to a less
dependent if not fossil fuel free future.
Strategv and Progress
Staff began working immediately with LS Power/Dynegy, SDG&E, and the CAlSO on that
solution. In early 2007 the City Council directed staff to identify sites tor natural gas n.eled
energy generation off the Bayfront. Staff worked wiili the energy agencies, the energy
generation industry, and property owners in Chula Vista to identify potential sites and investigate
the State and energy market's interest in investing in a facility. With input from all ilie energy
agencies, staff began to narrow the focus to three private sites and one site owned by the City.
The private sites are in the Main Street area east of I-80S, an area identitied by interveners and
the CEC staff and their consultants as potentially viable sites during the MMC Peaker Plant
application process in 2008. The fourth site is owned by the City and is located at the far
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FEBRUARY 2, 2010, Item /0
Page 4 of 5
southeastern edge of the City's boundaries and the Otay Valley Regional Park (OVRP) and the
Multiple Species Conservation Plan (MSCP) preserve area (Map-Attachment I). That general
area was identitied by an intervener and CEC staff during the process for the proposed Bayfront
replacement project. With additional public review and input during the Energy and Charger
Sub-committees and the Resource Conservation Commission, staff developed a profile of these
sites and prepared them for distribution to the energy industry for their review and consideration.
In June of 2009 SDG&E extended a Request for Offers (RFO) and under the guidance of the
California Public Utilities Commission and the CEC asked the energy generation development
industry for proposals for a variety of energy products. That process is based largely on a State
process that includes an energy demand forecast by the CEC and a Long Term Procurement Plan
and Resource Adequacy review that the utilities, CAISO, and state agencies develop in a
coordinated fashion. At least one of the RFO products requested by SDG&E was for a natural
gas fired generation facility of approximately 200-400Mw designed to complement the
intermittent availability of energy generated with photo voltaic (solar) and wind resources. That
is the proposal that the City encouraged potential RFO responders to consider for the four
locations within the City. The Chula Vista site participants submitted applications that were in
competition with projects and developers from throughout the San Diego and southern California
area.
Maior Commitments and Milestones
With Council adoption of the resolution, the Conservation & Environmental Services
Department, City Attorney, and City Manager would continue working with Apex to negotiate
and enter into an option agreement to lease the property, and with Apex, or SDG&E, or both, as
appropriate, to negotiate and enter into a second option agreement for an easement on, or lease or
sale of, property for a substation to interconnect the power plant, as well as sewer, water,
transmission, and natural gas laterals. Staff would then return to City Council early in the CEC
process, subsequent to the environmental review, with final agreements for City Council's
review and approval. The agreements would be subject to the CEC grant of the AFC.
Development Services staff would also be working on applications by Apex for land use and
related processes to potentially site the facility. Finally, staff would also be participating in the
CEC AFC process as a responsible party and/or intervener. The CEC conducts a thorough public
process that is expected to take eighteen (I8) to twenty-four (24) months including local
workshops and hearings.
Apex will be working closely with SDG&E over the next few weeks to complete an agreement
to develop the plant and deliver power to SDG&E by the summer of 2013. Apex will begin to
dramatically increase its financial commitment and investment in the project in the next few
months as they prepare the extensive AFC documents required by the CEC, make contractual
obligations to SDG&E, and secure orders for plant equipment required to meet the expedited
energy delivery timeline established by SDG&E under the CEC forecast. The final investment in
a successful project would be several hundred million dollars. Staff is requesting that the City
Council:
1. Direct and authorize the City Manager to negotiate and execute two option agreements as
follows: (i) one with Apex, to lease city property to site the facility; and (ii) one with
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FEBRUARY 2, 2010, Item /0
Page 5 of 5
Apex and/or SDG&E to lease, purchase, or obtain an easement on, city property to site
the transmission substation, transmission lines and associated infrastructure necessary to
interconnect the proposed facility; and
2. Direct staff to conduct the necessary environmental review and then return to Council, for
approval of the final agreements.
Financial and other Local Benefits
The facility constmction is projected to occur in the 2012 to early 2013 timeline and cost several
hundred million dollars. Staff will work diligently with Apex, local suppliers, and the Chamber
of Commerce to secure as much local purchasing and local hiring as possible. Staff is working
with Apex to devel~p a package of public benefits that reflect the City's'commitrnent to the state
energy loading order, environmental sustainability, and a commitment to local mitigation. Staff
is working with Apex to match a commitment by the City to reinvest a portion of new revenues
generated from the project into the OVRP, encrgy and water conservation, and renewable energy
for homeo'Wl1ers, small businesses, and public-serving City facilities within Chula Vista.
DECISION MAKER CONFLICT
Staff has reviewed the property holdings of the City Council and has found no property holdings
within 500 feet of the boundaries of the property which is the subject of this action.
CURRENT YEAR FISCAL IMPACT
Council's adoption of staff" s recommendation would not result in any adverse general fund
impacts in this fiscal year. Apex would be required to fund any staff cost for preparing for and
participating in the CEC process and any related City activities that may be necessary to evaluate
and process the regulatory steps required to secure the site.
ONGOING FISCAL IMPACT
The project would generate signiticant general fund revenue in the form of Utility User's Tax
and Franchise Fees from the consumption of natural gas. The amount of revenue depends on the
tinal negotiated size of the plant with SDG&E, the number of plant operating hours, and the
price of natural gas. If the project were approved and met its summer 2013 in service date goal,
the City would begin to receive revenue in thirty (30) days with the major payments occurring in
the tirst quarter of2014. The project would also generate property taxes, possessory interest tax,
or in-lieu property taxes depending on the manner in which the facilities are held, as well as the
size and ultimate valuation of the project. Additionally, the project would generate revenue from
the lease and or sale of property for the facility site, the laterals, and the SDG&E substation.
ATTACHMENTS
I. Maps
2. General Business Terms
Prepared by: lHichae! Aleacham, Director. Conservation & Environmental Services
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Attachment 2
General Business Tenns - Proposed Lease:
The Lessee understands and supports the City's primary goal to retire the older existing generation
within the City, particularly the South Bay Power Plant. To that end the Lessee commits to working
collaboratively with the City, CAISO, SDG&E, CEC, CPUC, Unitied Port of San Diego/Dynegy and
other stakeholders as needed to ensure that the pennit, design and operation of the plant meets the
respective Agency needs for Resource Adequacy and Reliability sufficient to retire the South Bay
Power Plant as soon as possible but no later than the in service date of this facility.
Lease Area:
Term:
Obtain or Fund
Mitigation Land:
Annual Fee:
Secure Payment
of Taxes & Fees:
Incentives:
Conditions:
14 to 20 acres
20 Years - Two Ten Year Extensions,
o First Extension subject to City approval based on Lessee fully meeting
the tenns,
o Second extension at the City discretion.
Greater than 1 to I offset
14-20 contiguous acres up to 400Mw
No option cost
3% annual adjustment
5 year Market Review - through extension after first 20 years
In Lieu provisions in Lease Agreement to support
Property Tax
Franchise Fees 2% of Gas Use
Utility User's Tax .01103 per Thenn
Sewer Fees
DIF Fees
Based on a 250 to 300Mw facilitv
Credit of UUT against Annual Lease Payment based on previous year's FF
amount
o Credit 6% of the value for the preceding year's UUT for 1,000 to 1,500
hours of full dispatch equivalent.
. Credit 10% of the value for the preceding year's UUT for 1,501 to 2,000
hours.
. Credit 15% of the value for the preceding year's UUT for 2,001 to 2,500
hours.
. Credit 25% of the value for the preceding year's UUT for 2,501 and above.
o Double the credit for a facility above 350Mw.
Mitigation must be done in Chula Vista whenever possible and as close to the
City as possible if the mitigation cannot be perfonned in the City.
Execution of the final Agreement(s) are subject to California Energy
Commission's granting of the Application for Certitication.
10-9
RESOLUTION NO. 2010-
RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF CHULA VISTA: (A) DIRECTrNG AND
AUTHORIZING THE CITY MANAGER TO
NEGOTTA TE AND EXECUTE TWO OPTION
AGREEMENTS: (I) ONE WITH APEX POWER LLC,
TO LEASE CITY PROPERTY TO SITE A STATE OF
THE ART NATURAL GAS FIRED POWER
GENERATION FACILITY, AND (2) ONE WITH APEX
POWER GROUP LLC, AND/OR SDG&E TO LEASE,
PURCHASE, OR OBTAIN AN EASEMENT ON, CITY
PROPERTY TO LOCATE A TRANSMISSION
SUBSTATION, TRANSMISSION LrNES AND
ASSOCIATED rNFRASTRUCTURE TO
rNTERCONNECT THE PROPOSED FACILITY; AND
(B) DIRECTING STAFF TO CONDUCT THE
NECESSARY ENVIRONMENTAL REVIEW AND
THEN RETURN TO COUNCIL FOR APPROVAL OF
THE FINAL AGREEMENTS
WHEREAS, the City Council has determined that it wants the South Bay Power
Plant removed from the Bay front; and
WHEREAS, pursuant to discussions with the California Independent System
Operator, California Public Utilities Commission, and Energy Commission the City
Council directed staff to identify and pursue commercially feasible site options that
would contribute to the final decommissioning and dismantling of the South Bay Power
Plant, and
WHEREAS, Chula Vista is the second largest City in San Diego County by
population and the fourteenth largest City in the State of California whose residents and
businesses depend on state of the art natural gas fueled power generation as the cleanest
source of commercial reliable electricity; and
WHEREAS, Council further directed staff to focus on locations that are at least
1,000 feet from sensitive receptors and have the potential to complement the City's
commitment to economic and environmental sustainability; and
WHEREAS, staff worked with Chula Vista private property owners, SDG&E and
State energy agencies to identify three private parcels and one City owned parcel that met
the basic conditions identified by the energy regulators and industry; and
10-10
Resolution No. 2010-
Page 2
WHEREAS, the City Council authorized staff to promote the potential
development of these sites with the California Independent Energy Producers and directly
to more than thirty energy generation companies that had successfully permitted a facility
with the California Energy Commission (CEC) and built a facility in California within
the past four years; and
WHEREAS, in May 2009 City Council approved draft business terms for a lease
of approximately twenty acres which staff used to solicit interest from the power plant
developers that had successfully permitted a facility with the CEC and begun
construction in the past four years; and
WHEREAS, in June 2009 SDG&E extended a Request for Offers to the energy
development industry for 200 megawatts to 400 megawatts of power and in December
2009 selected Apex Power Group, LLC (Apex), for further negotiations and discussions
regarding their proposal on an energy generation facility of 300Mw to 400Mw on the
Chula Vista City owned parcel; and
WHEREAS, SDG&E has proposed a project to complement the use of wind and
solar energy resources that complements the City goals and programs to transition to a
less fossil fuel dependent future and the City's Climate Change plan to assist the
residential and business community's implementation of greater energy efficiency and
demand management practices as well as the adoption of solar and other forms of
distributed renewable energy over the next fifteen to twenty years.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF CHULA VISTA THAT IT HEREBY: (A) directs and authorizes the City
Manager to negotiate and execute two option agreements: (1) one with Apex Power LLC,
to lease city property to site a state of the art natural gas fired power generation facility,
and (2) one with Apex Power Group LLC, and/or SDG&E to lease, purchase, or obtain
an easement on, city property to locate a transmission substation, transmission lines and
associated infrastructure to interconnect the proposed facility; and (B) directs staff to
conduct the necessary environmental review and then return to Council for apprmJal of
the final agreements. Z _____-
I
Presented by Appro e as
Michael T. Meacham
Director, Conservation & Env. Services
10-11
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Coumcil Objectives a1Qudi DiJrectll(()lfJ1 to
Staff
. Reduce tl~e elFlLergy imlf[i~sls1tJrl!Jlc1tl!1llre constraiilmts
to Bay16ron1t ilflmplrOVelfIllents mmdl ]provide for
economic deve~oplrtf1lelmt alDd piUlbhic <alccess
. RJ~du_ce tlhle air alfJ1dl ,^'falter CJl1!J1ality ilFl1l1pacts to
tlb1e cOmllIlflltllll1lity aLmd aes1thettic jiJflfhpacts to tl~e
BiatyfrOlflllt IDrOltll1l tlfle energy iladFirnls1tltul<ctuure wmdl
operatiOlt1LS
C01lJlIOlCil Objec~i\ves ID1Ld Dinrectiolt1l to SWiff
ApftID~ 21 ~ 2@@~ C~JljjmJ<<;o~ [))o\J~((;U:o@[ftj:
[J Directed staff to assemble specific ijnJffo!rm81tior!1J on
potential fPub~idy and privatrely owned 8J~telllruaJte
generaiion sites withijrru ChllJJ~al Vistal tlhalt 8l~'e at ~eaJst ffollJJlI
acres in sij;r18j at IJeast J~ 1000 feet jfrrom sensiti\fa lIecelptolts'J
and zoned for generral! ijndJl!JJstlri8J~ OJses.
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Pl,H]2QS~Jor PlU!rsu~ng the prro~e~t
III Local Contro~
III infrastructure pro~ijferatijon
III Enerrgy demand
III Trans~tijoll1 to 81 ~ess depel(lJderrlJt and lU~tumalte~)f fossulJ
fUle~ ff'ee future
III State Agerrucy ConmnnJllJ]lrIJucatuorrn
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The South Bay Power Plant Today
Feel
158 Fool
135 Acres
90 Feet
50 Feet
k II U_ D ~
=~cc-~,/,.\",- 'fir ,,.; ;..,' ".~' '=-1 ]j3-:J '. 0 -} ..J
.. ~L.l \-' ~" . '. \ "-~ : ~ <--,,j
.~c-__/~~~,f 0' ,~~f11'Jt.itC1!~_~_ ~____
Approx. 15 Acres
Stra@gY and Progress
III Council direction to staff in March 2007
III LS Power/Dynegy effort
III City outreach to SDG&E and commercial property owners
II City outreach to the industry
.. SDG&E RFO Process
---*
-'- ---"-
M.9jor Commitments and Milestones
II Apex makes contractual commitments to SDG&E for an in service
date of summer 2013
III City develops a lease agreement based on the business terms
approved by Council for execution upon the California Energy
Commission's grant to Apex of an Application for Certification
III Apex makes commitments to secure equipment availability to meet
the in service date
II Apex invests in preparation for the Application for Certification and
City land use process
III Apex funds the Application for Certification Process
III City Participates in the AFC process as a Responsible Party and/or
Intervener
'l'ii'IIIII(I'II'1 ' ',1"1" ""1::11 '11:1;::':":1','1., ";" ", 'i: ":;':,:,'" ' :;1;"', '
;;i!;I!I~lll,L j;Jl!e,fu~( BUllsiLJf~~;il'liel!ms - Pl!O>>OS~(t[~~~~I '':!-'" ", ":i",; '::11:,
:li:,!llill:'I::~!m,!jf'!~h~liiij'~ssee mhd~fs,"'t$R]ds and supports th,' e;C,~,i~Y'~S' J)['R~~~g,4);m,U t<iJ n-eltllre ltn'll\(; onldler
,fir i~'ii;I~,l.mlfkll!lb:hl';, Ih1f..lllkl!lli-!:,_ ..lit lh I rpllltlj" n" - ,I.... ; ,., _ '1"111; 'It>-ll'' - r< ,- -' "-
\:i;: :::;m,;:,,~~~,~1b"~~)~:I~~nefaholil:~I'lltr,~~m 1th~. C~tty, pmt~CUJlfra~llY'uh.~ 5~UJjU1lA;:!Ba~Powelf' ,~~ll:mfLt
'lhllillJ!!,JID'?":tl~atlt'U1l~fr ,!1t1~~ ~ess~~if~mm! n its 1to \~/~rh flg.~lp!n !~~oJro!1t~~/eny Wili1}lhL ttlhe ([ ntry,
'l'h~~m~q~\liSlp!<<;!!.~.E, CIEC,.,c'P\lJc" OuuFned Porto! ,~?\!!il p;.neg(Q;!lDiYlfll~~ m"ld ~1tlluet!
stak~hqndelf'S)lIS ll1!eedled to elil!SlLl!I1\e 1thSl1t the pen1f1lUlt,; desngnll <J!lrud ([))jpelf'8l1tnm1. ([)){r 1tll'tl~
pla'ri(Rn~'eti: fh~ res;lP~iCtnve'l<\'gell1l~cy 1111eeOls fon" Resotlm::e AdeqjUJl<Jlcy <JllfLd
Reiiabilhj'lsUi1f-:j[liicieli1&'1to re1tTIre tlllle SoU!th !Bay lP'o\lJI.'eJf Plla.lrut <1!S SOOLI11 <1!S p~s;si1hije
but no Uit1t~~if1t~I~tl111tll]e ~tru,Se\l'\lYRC~ dSl1te ~of ~lhtHS fSld II Rtry" ,; .
IIIiI Lease Am-e3J: ,';,:' , '", , J 4~ it([)) .:20 acres
'i.i .,,' .
. Term: ,2\0 years:.- I\xm TeLru YearlEx1tem:im'lls,
III first Ex.1I:enllSioll1. s1lJJlbjec1t to eitry appwvan ]b;SlSOO! ([))ll1. !Lessee fiUllllly tnmeeltllllllg tk'lle
terms,
. Second e;x:.1tens:!oll1! <Jllt 1tlhte Ci1ty dHscn-etnml1!..
. Obtain <l'/;Ii' liuIi1!d!
. ~.t.iit[ig~ltii.<I'/;lfI! IL:'Ulldl:
.
At IJeatSt li 1t([)) ]
II AI11.lfI!llll~n IF'~~
II
III
II
ll4f-2:(()) iC([))1[~itngllJ!ol!J!S; aiClfes lIJ!jpJ to 4J.~](QJir\flhM
No oliJJ\cim'fl cost
3% murmSlU <1!djlLJ!s1tnnent
5 year Market Review -' 1tfru\o;lLl!glht ex1telfLsl(()jtrfl :mfter fill'St
20 yem'S
Ilil, II!!il 1\' II~';,
. "'111::, "rrl!IIWII~I:dl~I~\
1~!I:iiSelCmre Faiymment
ll'IF! 'llli"jlH" ,,Jf,ltii' H,. ,
"1 IIi llC~!"Ir &''If'D,,,.'1
j""I'!'((lJi"liJII11:ilixes T~JD,ees:;
In:i1!tW l~i!ij'l:! {1!IJII'j I ;r!~ ,~i 11,,,-
1!:!Plililllllil!ill'l~ili'll:llij;II'I' 'I;.:., {I ". ,C'.,
'j'I'j'lt:,j:,!dj'jll"fll'l 1:1'11> ";'l, ,'I
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;'r;': .,'~' ';\, ': ;::1. "
.': :'ri,,;i: (;I,l';~'il~Li~H": , ,;11'~'" ~r:
hll lielJ! DrovisimlI.S [1l1I !Lease Agreeli1lllell1llt 1t<Qt S1U!\QIi)((Hl
-, . ::- ; -', , ;- ,~:: ," ;j" .;, ,,-. . ,- -
lP'roper-try Talx ,;i ;I! ',:, ,.I!;""
."f'r':.mdhuse fees ~%ofG~ Use ,,,I i"
" "UtiWty User":s Tax: .([l)ll W3Jper n~erJm
, .S,e'1\/iC:ll' !Fees;
DKf' Fees
Incentives: lB&sed! OIl! a 2S(QJ tro ::mmvlw facmlty'
Credit ofUUT against An1l1llJlalllLeaselP'aymeulllt b:at:sed! 01i1l pJrevu(Qf\!.!Js Ye2Lr"s, lflF
amollnt
'iii
II Credit 6% oftk)e vahle for ttlllle precedlnll1lg ye2l1!""s; IUlfll' f<Qtt[. ll,([l)([P(QJ (tOJ 1,5(QJ(QJ ll1l0lJ.lfS
of fuH dnspa1tcL~ eq1U!hlallelf11tt.
.. Credlnt 1 ([l)~jl()J oftli1!e va]m~ for t]llept[ecednng ye:3Lr"s; UUT fm li,5m 1]:<Qt 2)O)([l)(~
hOUJfS.
.. Credut 15% <Qtf itl~iC: va~l.lle if~r trl~e plrecedlil1l1g ye;aff'S, UHr fioJr2,,([l)([)J II ttlO! 25([)J([J)
hou'rs.,
RI Credit 25% Qfthe v2!llue fioJr the prreciC:d!nlfl!g ye2lJl""s; uur for 2:"Sm 1J!lf11d! above..
I!] Double the credit fQll a facilluty .GLhove 350Mw"
I!Ii CmullHtimDs: Mitigation YlllLllS1[ be dor~e i~~ ChuRa Vista ll\7!1Jenevelf possnble .flXid
as close to the Chy as possible if the rnitigation cannot be perf01fU1!1ed in the
City.
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