Title
Receive a report on the Monterey Bay Community Power Proposal; receive recommendations of the Alternate Energy and Environment Committee regarding governance and finance provisions; and, provide additional direction to staff as appropriate. (ADDED VIA ADDENDUM)
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Receive a report on the Monterey Bay Community Power Proposal;
b. Receive recommendations of the Alternate Energy and Environment Committee regarding governance and finance provisions; and
c. Provide additional direction to staff as appropriate
SUMMARY:
Monterey Bay Community Power (MBCP) is a proposed regional Community Choice Energy (CCE) initiative for local jurisdictions to form a Joint Powers Authority (JPA) to purchase renewable energy to provide enhanced energy sustainability and lower greenhouse gas emissions. The MBCP proposal includes the Counties of Monterey, Santa Cruz, and San Benito, and the 18 cities within their boundaries. MBCP project staff have finalized a draft Joint Exercise of Powers Agreement (JPA Agreement) to go before participating jurisdictions' respective governing boards for consideration. The draft JPA Agreement outlines the proposed governance structure and anticipated financial provisions for the formation of the JPA.
The MBCP JPA governance structure as proposed would be governed by an eleven-member Policy Board and an eleven-member Operations Board, with one vote per seat on both the Policy Board and the Operations Board. Population based voting for decisions of the Policy Board is currently not in the draft JPA Agreement.
It is estimated that MBCP will require a loan of up to $3 million for start-up costs to implement the initial phases of the project. Staff understands that it is very likely that if Monterey County participates in the JPA, it will be selected along with a small number of the larger jurisdictions to provide an unknown portion of a credit guarantee for start-up ...
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