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San Jose Civic Gallery City Hall agenda intelligence

Matter 26-765

Long Term Power Purchase Agreement with Shell Energy North America.

Utilities City Council Agenda Ready Introduced 09 Jun 2026
1 Document on file 246 KB · 1 extracted · 1 AI summary
File
26-765
Type
Environmental & Utility Services
Status
Agenda Ready
Requester
Unknown
Introduced
09 Jun 2026
Last synced
26 Jul 2026 · 16:11

The papers

1 document · 246 KB
01 246 KB

Memorandum

246 KB Extracted AI Summary
file 887225cd-0e31-423b-a0cd-b3ac57cccead.pdf sha 143409511eba source unavailable

Official source link unavailable. The file was imported, but the current source metadata does not include a public document URL.

Generated summary AI-assisted

The source text indicates this attachment appears to be a draft document.

The memorandum discusses a proposed long-term power purchase agreement between the City of San José and Shell Energy North America for renewable energy from a geothermal facility. The agreement aims to secure renewable energy and associated credits for a term of 15 years, starting in 2026, with an estimated annual cost of $8,300,000 and a maximum total cost of $124,500,000. The agreement is intended to help San José meet regulatory requirements and contribute to state and local climate goals.

Key points
  • The agreement is for a term of 15 years, beginning in 2026.
  • Estimated annual cost is $8,300,000, with a maximum total cost of $124,500,000.
  • The agreement will help San José comply with California Public Utilities Commission procurement orders.
  • Geothermal power is classified as a firm clean resource, contributing to resource adequacy requirements.
  • The project is expected to provide reliable clean energy around the clock.
Limitations
  • The text indicates that the document is a draft.
  • Some sections contain unresolved placeholders and missing information.

Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.

Extracted text preview · 20,278 chars
COUNCIL AGENDA: FILE: ITEM: TO: HONORABLE MAYOR AND CITY COUNCIL FROM: Lori Mitchell SUBJECT: Long-Term Power Purchase Agreement with Shell Energy North America DATE: June 1, 2026 Approved 6/23/26 26-765 6.1 Date: 6/10/26 COUNCIL DISTRICT: Citywide RECOMMENDATION Adopt a resolution authorizing the Director of the Energy Department or her designee to negotiate and execute a long-term power purchase agreement with Shell Energy North America (US), L.P., to buy renewable energy, renewable energy credits, Resource Adequacy, and attributes associated with a geothermal facility for a term of 15 years beginning 2026 through 2041, in an estimated annual amount of $8,300,000 and a notto-exceed amount of $124,500,000 in aggregate, to be paid solely from the San José Clean Energy Operating Fund, and subject to the annual appropriation of funds. SUMMARY AND OUTCOME By negotiating and executing this agreement, the City of San José (San José) will purchase the products described in the recommendation from Shell Energy North America (US), L.P. (SENA) from a portion of the Cape Generating Station 5 (Cape Station) for which SENA has a power purchase agreement with Fervo Energy (Fervo). The...