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HomeMy WebLinkAboutRES 2025-27 - Board Docusign Envelope ID: 16533AF9-57E9-4E91-B02B-9DOA707672AA RESOLUTION No. 2025-27 A RESOLUTION AUTHORIZING THE FREMONT SOLAR PPA PROJECT TRANSACTION SCHEDULE UNDER THE MASTER FIRM POWER SUPPLY AGREEMENT WITH UTAH ASSOCIATED MUNICIPAL POWER SYSTEMS; AND RELATED MATTERS. ***** ***** ***** WHEREAS, Truckee Donner Public Utility District (the "Member') owns and operates a utility system for the provision of electric energy to its residents and others (the "System') and is a member of Utah Associated Municipal Power Systems ("UAMPS') pursuant to the provisions of the Utah Associated Municipal Power Systems Amended and Restated Agreement for Joint and Cooperative Action dated as of March 20, 2009, as amended (the "Joint Action Agreement'); WHEREAS, the Member desires to purchase all or a portion of its requirements for electric power and energy from or through UAMPS and has entered into a Power Pooling Agreement with UAMPS to provide for the efficient and economic utilization of its power supply resources; WHEREAS, the Member has previously entered into the Master Firm Power Supply Agreement with UAMPS in order to allow for UAMPS entering into various firm transactions for the purchase and sale of firm supplies of electric power and energy; WHEREAS, UAMPS has investigated the Fremont Solar PPA Project, a 99 megawatt (MW) solar photovoltaic generation facility and a 49.5 MW battery storage system located in Iron County, Utah, on behalf of its members and is now prepared to enter into a 25 year power purchase agreement with Fremont Solar, LLC to secure the delivery of all the energy from the Project and associated environmental attributes; and WHEREAS, the Member now desires to authorize and approve the Fremont Solar Transaction Schedule ("Transaction Schedule") attached hereto as Exhibit A for the Project subject to the parameters set forth in this Resolution. Now, THEREFORE, BE IT RESOLVED by the Board of Truckee Donner Public Utility District as follows: Section 1. Authorization of Fremont Solar Transaction Schedule. The Transaction Schedule, in substantially the form presented at the meeting at which this resolution is adopted, is hereby authorized and approved, and the Member Representative is hereby authorized, empowered and directed to execute and deliver the Transaction Schedule on behalf of the Member. If additional subscription becomes available, Member Representative may approve an adjustment to the Member's kW subscription up to total subscription, in which case a revised Transaction Schedule reflecting the increase will be prepared for signature. Promptly upon its execution, the Transaction Schedule shall be filed in the official records of the Member. Docusign Envelope ID: 16533AF9-57E9-4E91-BO2B-9DOA707672AA Section 2. Other Actions. The President, Secretary, Member Representative and other officers and employees of the Member shall take all actions necessary or reasonably required to carry out, give effect to, and consummate the transactions contemplated hereby and shall take all actions necessary to carry out the execution and delivery of the Transaction Schedule and the performance thereof. Section 3. Miscellaneous; Effective Date. (a) All previous acts and resolutions in conflict with this resolution or any part hereof are hereby repealed to the extent of such conflict. (b) In case any provision in this resolution shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. (c) This resolution shall take effect immediately upon its adoption and approval. ADOPTED AND APPROVED this 1st day of October, 2025 TRUCKEE DONNER PUBLIC UTILITY DISTRICT Signed by: r,(tiViSfa iln" F Christa Finn, Board President ATTEST AND COUNTERSIGN: Signed by: C. Wiz PF9754AR Brian Wright, General Manager 2 Docusign Envelope ID: 16533AF9-57E9-4E91-B02B-9DOA707672AA EXHIBIT A FREMONT SOLAR PROJECT TRANSACTION SCHEDULE 3