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San Jose Civic Gallery City Hall agenda intelligence

Matter 26-349

San Diego Community Power Resource Adequacy Trade.

Utilities City Council Agenda Ready Introduced 24 Mar 2026
1 Document on file 150 KB · 1 extracted · 1 AI summary
File
26-349
Type
Environmental & Utility Services
Status
Agenda Ready
Requester
Unknown
Introduced
24 Mar 2026
Last synced
12 Jun 2026 · 16:19

The papers

1 document · 150 KB
01 150 KB

Memorandum

150 KB Extracted AI Summary
file a0dee6f9-864e-40f6-b9b6-66093c09b404.pdf sha ed392668a72d 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 memorandum outlines a proposal for the City of San José to enter into two agreements with San Diego Community Power (SDCP) regarding resource adequacy. The first agreement involves purchasing resource adequacy from a solar plus battery storage facility for 10 years, starting no later than January 1, 2029, with a maximum annual cost of $4,320,000. The second agreement involves selling resource adequacy from a natural gas-fired facility for the same duration, with a maximum annual revenue of $4,770,000. These agreements aim to help San José Clean Energy comply with California Public Utilities Commission requirements while providing a cost-effective solution for both parties. The memorandum includes background on CPUC requirements, the benefits of the agreements, and fiscal impacts, and it is coordinated with the City Attorney’s Office and Budget Office.

Key points
  • The City of San José will purchase resource adequacy from SDCP for 10 years starting no later than January 1, 2029.
  • The maximum annual cost for the purchase agreement is $4,320,000, totaling up to $43,200,000.
  • The City will sell resource adequacy from a natural gas facility for the same duration, with a maximum annual revenue of $4,770,000, totaling up to $47,700,000.
  • The agreements are designed to help comply with CPUC requirements for resource adequacy.
  • The memorandum includes a summary of material terms and fiscal impacts related to the agreements.
Limitations
  • The text contains placeholders and unresolved sections that affect the completeness of the summary.
  • Specific dates and financial details are mentioned but not fully resolved or confirmed.

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

Extracted text preview · 14,821 chars
COUNCIL AGENDA: FILE: ITEM: TO: HONORABLE MAYOR AND CITY COUNCIL SUBJECT: San Diego Community Power Resource Adequacy Trade Approved 4/7/26 26-349 6.2 FROM: Lori Mitchell DATE: March 16, 2026 Date: 3/17/2026 COUNCIL DISTRICT: Citywide RECOMMENDATION Adopt a resolution authorizing the Director of the Energy Department or their designee to negotiate and execute two agreements, one to purchase and one to sell resource adequacy, with any non-material modifications developed, as appropriate, in consultation with the City Attorney, and subject to the annual appropriation of funds: (a) (b) Under the first agreement, the City of San José shall purchase resource adequacy from San Diego Community Power from a new solar plus battery storage facility for 10 years, beginning no later than January 1, 2029, with an annual not to exceed amount of $4,320,000, and an aggregate not to exceed amount of $43,200,000. Under the second agreement, the City of San José shall sell resource adequacy to San Diego Community Power from a natural gas-fired combined cycle generating facility for 10 years, beginning no later than January 1, 2029, with an annual not to exceed amount of $4,770,000, and an...