R-26-20 Approve Clean Fuel Reward Governance Agreement and Authorize the City Manager to Execute

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1 2 3. 4 5 6 7 8 9 10 11 12 13 14 1.5 16 17 1.8 19 20 21 22. 23 24 25 26 27 2$ RESOLUTION NO. R-26-20 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLTON APPROVING. APPROVE CLEAN FUEL REWARD GOVERVERNANCE AGREEMENT AND AUTHORIZE THE CITY MANAGER OR HIS. DESIGNEE TO EXECUTE THE AGREEMENT WHEREAS, It is recommended that the City Council join the Clean Fuel Rewards Governance Agreement and authorize the. City Manager or his. designee to execute the agreement, and; WHEREAS; The Low Carbon Fuel Standard. (LCFS) regulation of the California Resources Board (CARE) provides the issuance of base credits for residential electric vehii charging to electric distribution utilities such as Colton Electric Utility, that participate in the LC. program each quarter, and; WHEREAS, On September 27, 2018., CARB adopted amendments to the LCFS Regulation mandating the development and implementation of a statewide, common -design; <utility program to reduce th price of purchased and leased light -duty, zero emission, plug-in electric electric hybrid: vehicles (ZEVs) at. the point,of sale that is funded by electric utilities LCFS E Credit revenues that are .assigned to the statewide. program according to provisions in. Califo Code ofRegulations Title 13 sections 95.481 . and section 95483 (c), and the Parties have agreed the name for this program shall be the Clean Fuel Reward Program (CFR Program'),. and; WHEREAS, CARBs amended LCFS Regulation... requires; that the CFR Program be initiated through the investor.owned utilities (IOUs), publicly -owned utilities (POUs) and electric cooperatives. (CCOPs) participating in the CFR program, and funded by the. electric utilities (EUs) with revenue from the sale.of LCFS Base Credits pursuant to mandatory EUs contributions of such LCFS Base Credit revenue to the CFR Program in accordance with the minimum percentage amounts determined by EUs.:size set forth in the LCFS Regulations, and; WHEREAS, All participating parties that opt. in agree to. establi8sh. and fund the Program, per the direction of CARB, in an effort to accelerate the.progress towards achieiring the state and national clean energy and. environmental policies through the execution of this agreement in compliance with CARB's directives, including .but not limited to implementation of a. sliding scale incentives. program based on. the ZEV's all -electric operating range and equity for all customers,. and; -1-