Board Meeting Materials
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[Project Vote] <br />RESOLUTION NO. 2013-007 <br />RESOLUTION RELATING TO THE WILD ROSE GEOTHERMAL ENERGY <br />PROJECT: (I) ACKNOWLEDGING AND ACCEPTING GLENDALE'S <br />WITHDRAWAL FROM THE WILD ROSE GEOTHERMAL ENERGY <br />PROJECT (II) AUTHORIZING THE REALLOCATION OF GLENDALE'S <br />PROJECT PARTICIPANT SHARE AMONG THE REMAINING PROJECT <br />PARTICIPANTS; AND (III) AUTHORIZING THE OFFICERS OF THE <br />AUTHORITY TO DO ALL OTHER THINGS DEEMED NECESSARY OR <br />ADVISABLE <br />WHEREAS, the Southern California Public Power Authority ("SCPPA" or "the <br />Authority") and certain of its members have taken measures to facilitate the acquisition and <br />development of certain renewable resources, including geothermal resource facilities, as part of <br />the Renewable Electric Energy Resource Project created by the Board of Directors pursuant to <br />Resolution No. 2006-13, to provide a long-term supply of renewable energy to the members for <br />the purpose of satisfying the needs of the members and their governing bodies to meet desired <br />specified renewable energy resource goals; and <br />WHEREAS, in pursuit of the goals of the Renewable Electric Energy Resource Project <br />SCPPA has issued Requests for Proposals for potential renewable electric resources to address <br />SCPPA member renewable energy needs, and the Project Participants in this project and the <br />Renewable Electric Energy Resource Project have identified certain potential geothermal energy <br />generation resources contemplated to be developed in Mineral County, Nevada. This geothermal <br />energy project has been denominated as the Wild Rose Geothermal Energy Project (the <br />"Project"). The Wild Rose Geothermal Energy Project is being developed by ORNI 47, LLC, <br />(the "Power Purchase Provider") a Delaware limited liability company. ORNI 47, LLC is an <br />affiliate of Ormat Nevada, Inc., a Delaware Corporation which in turn is a wholly owned <br />subsidiary of Ormat Technologies, Inc., a Delaware corporation. The Wild Rose Geothermal <br />Energy Project is planned to entail a renewable energy generating facility anticipated to be <br />situated on a site leased from the United States Department of Interior Bureau of Land <br />Management(the "BLM"); and <br />WHEREAS, previously the Authority, for the benefit of the City of Burbank, the City of <br />Glendale, and the City of Los Angeles acting by and through the Department of Water and <br />Power (the "LADWP"), engaged to negotiate and develop, and has since approved in substantial <br />form, a power purchase agreement with Power Purchase Provider to facilitate the acquisition of <br />geothermal energy output and other rights and resources associated with the geothermal energy <br />facility contemplated to be developed on local and federally owned lands, as applicable, in <br />Mineral County, Nevada; and <br />WHEREAS, Glendale provided notice to SCPPA, Burbank and LADWP dated February <br />7, 2013 indicating its withdrawal from the Project; and <br />
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