HomeMy WebLinkAbout12, Consideration of Resolution 2019-20 Red Mesa Solar Project UAMSP
ACTION ITEM #12Schedule with UAMPSTapaha Solar Project Transaction Authorizing the Red Mesa 20 -2019Consideration of Resolution Schedule with UAMPSTapaha Solar Project Transaction Authorizing
the Red Mesa 20 -2019Consideration of Resolution
Consideration of Resolution Stateshouseholds in the United electrified -un75% of all •electricityof 55,000 homes do not have 15,000 •sq. mi.)Native American territory in the United States
(27,000 Largest •Nationthe Navajo on proposed project with UAMPS to support electrification of homes will use a significant amount of the proceeds from the NTUA •Reservationwithin the
last three years on the Navajo Nation solar projects scale -two utilityhas developed and energized NTUA •project2018 about Tribal Utility Authority (NTUA) have been in discussions since
late Associated Municipal Power Systems (UAMPS) and the Navajo Utah •BACKGROUND / HISTORY 20-2019Consideration of Resolution 20-2019
Consideration of Resolution Utah, Aneththe town of near power substation Located on Tribal land in southeast Utah adjacent to an existing •Project)Mesa Tapaha Solar Project (the Red
designated by NTUA as the been solar project has The •BACKGROUND / HISTORY 20-2019Consideration of Resolution 20-2019
Consideration of Resolution 2019 UTAH BACKGROUND / HISTORY, UtahAneth–Red Mesa Tapaha Solar Project •20-Consideration of Resolution 201920-
NEW INFORMATION$37.2425$36.5124$31.1616$26.598$35.7923$30.5515$26.077$35.0922$29.9514$25.566$34.4021$29.3613$25.065$33.7320$28.7812$24.574$33.0619$28.2211$24.093$32.4218$27.6710$23.612$31.7817$27.129
$23.151CostYearCostYearCostYear years25 , with a 2% annual escalation factor for MWh•July 2019Negotiations were completed in early •2019with NTUA since April has been negotiating a Power
Purchase Agreement (PPA) UAMPS •20-Consideration of Resolution 201920-Consideration of Resolution 2019
NEW INFORMATION UAMPS membersfrom PPA will become effective after obtaining governing body approvals •Failure of the Project to become operational•line-onDelays in the Project coming
•fromNTUA will provide development security to protect UAMPS •2022Scheduled to be online by June 1, •s 66MW with 16 members participatingmember interest iUAMPS •17, 2019July approved
the PPA at the regular meeting held on Board UAMPS •20-Consideration of Resolution 201920-Consideration of Resolution 2019
NEW INFORMATION Transaction Schedule are included as Attachment 120 and Exhibit A, Red Mesa Tapaha Solar Project -Resolution 2019•Transaction Schedule is requiredauthorizing the Project’s
esolution R•Agreementis already a participant in the Master Firm Supply District •Transaction Scheduleutilizing the Master Firm Supply Agreement with a specific is UAMPS •approximately
75% starting in 2022to Would increase •free-carbonEnergy is renewable and •)(RECsredits Cnergy Eenewable the associated RIncludes •requirementannual District energy the total percent
of about 10 is 6MW •Projectof the reserved a 6MW share has District •20-Consideration of Resolution 201920-Consideration of Resolution 2019
FISCAL IMPACT a term of 25 years, with a 2% annual escalation factor for MWhPricing for energy is $23.15 •energy requirementsannual share which is about 10 percent of total District
has a 6MW •come online by June 1, 2022Project will The •20-Consideration of Resolution 201920-Consideration of Resolution 2019
RECOMMENDATION with UAMPSProject Transaction Schedule and auxiliary agreements as needed the Red Mesa Tapaha Solar 20 authorizing -2019Resolution Adopt •20-Consideration of Resolution
201920-Consideration of Resolution 2019