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CC Resolution No. 9963RESOLUTION 9963 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO AUTHOR/ZING PARTICIPATION IN THE ASSOCIATION OF BAY AREA GOVERNMENTS' POWER PURCHASING POOL WHEREAS, the City of Cupertino is currently a participant in the Association of Bay Area Governments (ABAG) program for the pooled purchase of natural gas and related services (P3 Program) since fiscal year 1996-97; and WHEREAS, the P3 Program achieved savings of seven percent (7%); and WHEREAS, on May 6, 1997 the California Public Utilities Commission (CPUC) issued Decision 97-05-040 authorizing customers of, among others, Pacific Gas and Electric (PG&E) to acquire electric supply and related services from sources other than PG&E; and WHEREAS, the City of Cupertino is currently an electric customer of PG&E; and WHEREAS, the City of Cupertino is a member or cooperating member of the Association of Bay Area Governments; and WHEREAS, ABAG proposes the formation of a pooled purchasing program for the acquisition of electric supply and related services (Electric Program); and WHEREAS, ABAG further proposes that the Electric Program be implemented through a "Joint Exercise of Powers Agreement Creating the ABAG Publicly Owned Energy Resources" (ABAG POWER) (attached as Exhibit A) formed by ABAG and other public entities in the PG&E service territory in which such public entities commit to participating in ABAG POWER for at lease one (1) year; and WHEREAS, a participant in the Electric Program will acquire electric supply and related services under an agreement between the participant and ABAG (Direct Access Electric Aggregation Agreement) (attached as Exhibit B) which will be assigned from ABAG to ABAG POWER upon the formation of ABAG POWER; and WHEREAS, each participant in the Electric Program will be represented on the Board of Directors of ABAG POWER by a director, or in his/her absence by an alternate, appointed by the participant; and WHEREAS, the City of Cupertino finds that it is in its best interest and the public interest to join ABAG POWER and participate in ABAG's Electric Program. NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Cupertino hereby authorizes the City Manager or his designee to (1) execute and deliver the "Joint Powers Agreement creating the ABAG Publicly Owned Energy Resources", (2) execute and deliver the Direct Access Electric Aggregation Agreement in substantially the form, or in conformance with the principles set forth in Exhibit B, and (3) represent the City on the Board of Directors of ABAG. PASSED AND ADOPTED at a regular meeting of the City Council of the City of Cupertino this 15th day of September, 1997, by the following vote: Vote Members of the Ci_ty Council AYES: NOES: ABSENT: ABSTAIN: Bumett, Chang, Dean, Sorensen, Bautista None None None ATTEST: City~ APPROVED: