R-048-12 Electric Company and Green House Gas Emissions Program- Adopted 8.07.2012

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L 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 WHEREAS, the City must authorize participation in the mandatory C&T Program, designate representatives authorized to participate in the CARB GHG Reduction Programs, including the C&T Program and to take such necessary actions to purchase, trade and/or sell carbon allowances and carbon offsets in the auctions and/or secondary markets on behalf of the Colton Electric Department, and establish the necessary bank accounts and lines of credit designated by CARB to operate in the auction; and WHEREAS, in addition to meeting the GHG reduction obligations, the City of Colton Electric Department requires the procurement of Congestion Revenue Rights (CRRs) from the CRR markets in order to manage its hourly transmission costs and to avoid high congestion costs on the CAISO controlled grid; and WHEREAS, the City of Colton Electric Department has been allocated some CRRs, but it does not have sufficient CRRs to cover high congestion periods; and WHEREAS, the State of California has adopted Senate Bill SB 2 requiring Load Serving Entities (LSEs) to meet specific renewable energy standards; and WHEREAS, on December 20, 2011, the Colton City Council adopted Resolution R-103-11 to establish a Renewable Portfolio Standard (RPS) in compliance with SB 2; and WHEREAS, SB 2 allows utilities to purchase and sell Renewable Energy Credits (RECs) to help meet its RPS mandates through the Western Renewable Energy Generation Information System (WREGIS); and WHEREAS, the City Council must take action to authorize the Colton Electric Department to participate in the REC markets, and designate an authorized representative to act on behalf of the Colton Electric Department;