Title
Adoption of Resolution Approving an Amendment to the Power Purchase Agreement with Ameresco Half Moon Bay, LLC and Alameda Municipal Power, for a 20-Year Extension and Expansion of the Renewable Landfill Generation Plant and Authorize the Alameda Municipal Power General Manager to Execute the Amendment with Minor Modifications. (Alameda Municipal Power 10491900)
Body
To: Honorable Mayor and Members of the City Council
From: Jennifer Ott, City Manager
EXECUTIVE SUMMARY
Alameda Municipal Power (AMP) purchases energy to supply the residents and businesses within the City of Alameda. Over the last year, staff have negotiated an amendment for an extension and expansion of a renewable landfill generation facility in Half Moon Bay to meet projected energy needs starting in 2026.
BACKGROUND
AMP purchases energy to supply the residents and businesses within the City of Alameda. With the passage of Senate Bill 100, AMP must meet the State of California Renewable Portfolio Standards (RPS), where AMP must procure 60 percent of its retail sales from renewable energy sources by 2030. AMP's Strategic Plan also includes a target to maintain a 100 percent carbon-neutral energy portfolio.
AMP has reviewed its load and resource balance projections for fiscal year (FY) 2025 and 10 years into the future. Figure 1 illustrates that the projected load forecast starting in 2026 has a widening gap in available resources with a much larger drop-off in 2028 that would otherwise need to be filled with additional short term carbon free purchases.
Figure 1: Load and Resources Energy Balance
On January 24, 2005, the Public Utilities Board (Board) adopted Resolution No. 4656 approving an agreement between Ameresco Half Moon Bay, LLC (Ameresco) and Alameda Municipal Power, formerly Alameda Power and Telecom, for the purchase of renewable energy from a proposed landfill gas generating project located at the Ox Mountain landfill in Half Moon Bay, CA. City Council approved the agre...
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