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HomeMy WebLinkAbout97-131 CC ResolutionRESOLUTION NO. 97-131 A RESOLUTION OF TRE CITY COUNCR, OF TItE CITY OF TEMECUI~ REGARDING PARTICIPATION IN WESTERN RIVERSIDE COUNCIL OF GOVERNMENTS AND SAN BERNARDINO ASSOCIATION OF GOVERNMENTS REGIONAL POWER PURCHASING POOL AGGREGATION WHEREAS, the State of California Legislature adopted and the Governor signed AB 1890 in 1996 which authorized the restructuring and deregulation of the electric industry in California; and, WHEREAS, the primary objective of AB 1890 was ultimately to reduce the cost of electricity to the consumer; and, WHEREAS, the means to accomplish this cost reduction was to deregulate the generation of electric power and authorize the consumers to purchase power through direct access to power generators; and, WHEREAS, said legislation authorizes local governments to join together and aggregate their electric loads to form power pools which will enable them to shop more competitively for power generation in the open market; and, WHEREAS, the Western Riverside Council of Governments (WRCOG) and San Bernardino Association of Governments (SANBAG) have joined together to evaluate and consider formation of an aggregation of government agencies for acquisition of electric power generation; and, WHEREAS, WItCOG and SANBAG have prepared and adopted a white paper which formally recommends formation of a power pool aggregation, establishes a schedule and budget for the defined work tasks, and extends an invitation to governmental agencies within the organizational boundaries to participate; and, WHEREAS, the cost to complete the tasks necessary to accomplish the aggregation is $150,000 and a tiered cost sharing formula has been developed to distribute the cost among participating agencies; and, WHEREAS, those agencies choosing to participate in funding the required tasks will receive their initial investment back ~om the first savings achieved under the program. NOW, THEREFORE, BE IT RESOLVED that the City of Temecula, by formal action of the Temecula City Council, has determined that it is in the City's best long term financial interest to Resos 97-131 I Approve participation in the WRCOG/SANBAG aggregation to create a regional power acquisition pool; and, 2. Authorize contributing $3,700 as the agency's fair share of the cost of the required study. PASSED, APPROVED, AND ADOPTED by the City Council of the City of Temecula this 9th day of December, 1997. Ron Roberts, Mayor ATTEST: Junc~. Greek, CMC/AAE City Clerk [SEAL] 9%131 2 STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss CITY OF TEMECULA ) I, June S. Greek, City Clerk of the City of Temecula, do hereby certify that the Resolution No. 97-131 was duly and regularly adopted by the City Council of the City of Temecula at a regular meeting thereof, held on the 9th day of December, 1997, by the following vote: COUNCILMEMBERS: Comerchero, Ford, Lindemans, Stone, Roberts NOES: 0 COUNCILMEMBERS: None ABSENT: 0 COUNCILMEMBERS: None June S. Greek, CMC/AAE City Clerk Resos 97-131 3