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7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />221 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />RESOLUTION NO. R-48-12 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />COLTON DESIGNATING THE ELECTRIC UTILITY DIRECTOR AS <br />THE DESIGNATED REPRESENTATIVE FOR THE CITY OF <br />COLTON ELECTRIC DEPARTMENT TO THE CALIFORNIA AIR <br />RESOURCE BOARD FOR MATTERS RELATED TO GREEN HOUSE <br />GAS REDUCTION PROGRAMS; TO AUTHORIZE THE ELECTRIC <br />UTILITY DIRECTOR TO MAKE CERTAIN PURCHASES AND TAKE <br />OTHER ACTIONS UNDER THE CARB PROGRAMS; TO <br />AUTHORIZE THE ELECTRIC UTILITY DIRECTOR TO PURCHASE <br />CONGESTION REVENUE RIGHTS (CRR) IN THE CALIFORNIA <br />INDEPENDENT SYSTEM OPERATOR'S ANNUAL CRR AUCTION; <br />AND TO AUTHORIZE THE ELECTRIC UTILITY DIRECTOR TO <br />PURCHASE RENEWABLE ENERGY CREDITS (REC). <br />WHEREAS; On September 27, 2006, California Governor Arnold <br />Schwarzenegger signed Assembly Bill 32 (AB 32) into law, requiring a statewide <br />reduction in greenhouse gas (GHG) emissions to 1990 levels by the year 2020; and <br />WHEREAS, the California Air Resources Board (GARB) has been assigned as <br />the lead agency to develop and implement the goals of AB 32; and <br />WHEREAS, CARB has developed a mandatory Cap & Trade (C&T) Program <br />to be used as the principal mechanism for the reduction of GHG emissions, which <br />requires each utility and power generator, within the State of California, to participate in <br />the sale and purchase of Emission Allowances (EAs); and <br />WHEREAS, CARB allows for the procurement of carbon offsets, separate from <br />the emission allowances, to help utilities meet compliance obligations as part of the <br />GHG Emissions Reduction Program; and <br />WHEREAS, CARB has created the Compliance Instrument Tracking Service <br />System (CITSS) through which each covered entity must designate if its EAs are to be <br />used for compliance, holding, or limited use prior to the auction process; and <br />WHEREAS, CARB has incorporated significant penalties for non-compliance <br />with its rules and regulations; and <br />WHEREAS, CARB has allocated emission allowances to the City of Colton <br />Electric Department to offset its carbon emissions and to be used in the auction <br />processes; and <br />