16. Recommended by Power System Approval of Notch Peak Project Power Sales Agreement No. BP 26-011 and
Agency Agreement No. BP 26-012 Between the Los Angeles Department of
Water and Power and the Southern California Public Power Authority. The
30-year Power Sales Agreement allows LADWP to buy 739,122 MWh of
renewable energy annually from SCPPA starting with an expected
commercial operation date in September 2028 at a fixed price of $52.70 per
MWh (or $46.75–$50.85 if the project qualifies for IPP retirement), costing
about $39 Million per year and $1.17 Billion total, with optional project
purchase opportunities in years 10, 15, 20, 25, or at the end of the term.
Environmental Recommendation is not applicable.
City Council approval by ordinance is required.