MINUTES
The meeting was called to order at 10:01am with 13 members attending via teleconference pursuant to AB 361 and a quorum established.
Directors Present: Bradford, Espinosa, Greene, Huffaker, Lewis, McKee, Miyasato, Norgaard, Pia, Slama, Vice Chair Goldstein, Chair Palacios
Directors Absent: Johnson, Miller, McCloud, Rerig
The Chair opened the public comment period for items not listed on the agenda or public comments on the consent agenda.
No public comment received.
The Chair closed public comment period.
Clerk announced that there were no corrections or additions to the agenda
CONSENT AGENDA
MOTION: Moved by Director McKee, Seconded by Director Miyasato to approve the Consent Agenda.
ACTION: The Motion Carried with a roll call vote: 12/0/5 AYES: Bradford, Greene, Dettle, Lewis, McKee, Miyasato, Norgaard, Pia, Slama, Stilwell, Vice Chair Goldstein, Chair Palacios
NOES: None
ABSENT: Espinosa (left at 10:04am), Johnson, Miller, McCloud, Rerig
1. Approved Minutes from the May 11, 2022 Meeting of the Operations Board of Directors
2. Found, Pursuant to AB 361 and in order for the Operations Board of Directors to Continue Meeting Remotely, that the COVID-19 Pandemic State of Emergency Declared by Governor Newsom is Still In Effect; The Operations Board of Directors has Reconsidered the Circumstances of the State of Emergency; and the Monterey County Health Officer Continues to Recommend Social Distancing Measures for Meetings of Legislative Bodies
3. Approved an Increase of $75,000 to Hall Energy Law, PC for Additional Legal Services Support needed Extending Beyond the Contractual Not to Exceed Cap of $150,000 for the 2021-2022 Fiscal Year Operations Board of Directors
Thursday, June 30, 2022
10:00 AM
Central Coast Community Energy
70 Garden Court, Suite 300
Monterey, CA 93940
4. Adopted Resolution No. OB-2022-02 Approving Amendments to CCCE’s Energy Risk Management Policy
REGULAR AGENDA
5. Directed the Chief Executive Officer to Execute the Project Participation Agreement between California Community Power and Participating Community Choice Aggregators and other Ancillary Documents Necessary to Participate in a Power Purchase Agreement with Ormat Nevada Inc. for up to 27.98 MW of Renewable Geothermal Resources with a Term of 20 Years and a Not to Exceed Amount of $412,000,000 The Chair opened the public comment period.
No public comment received.
The Chair closed public comment period.
MOTION: Moved by Director Johnson, seconded by Director Pia to approve.
ACTION: The Motion Carried with a roll call vote: 15/0/2 AYES: Bradford, Espinosa (returned at 10:06am), Greene, Dettle, Johnson (arrived at 10:04am), Lewis, McKee, Miyasato, Norgaard, Pia, Slama, Stilwell, McCloud (arrived at 10:04am), Vice Chair Goldstein, Chair Palacios
NOES: None
ABSENT: Miller, Rerig
6. Directed the Chief Executive Officer to Execute the Project Participation Agreement between California Community Power and Participating Community Choice Aggregators and other Ancillary Documents Necessary to Participate in a Power Purchase Agreement with Open Mountain Energy LLC for up to 3.03 MW of Renewable Geothermal Resource with a Term of 20 Years and a Not to Exceed Amount of $43,000,000
The Chair opened the public comment period.
No public comment received.
The Chair closed public comment period.
MOTION: Moved by Vice Chair Goldstein, Seconded by Director Dettle to approve.
ACTION: The Motion Carried with a roll call vote: 15/0/2 AYES: Bradford, Espinosa, Greene, Dettle, Johnson, Lewis, McKee, Miyasato, Norgaard, Pia, Slama, Stilwell, McCloud, Vice Chair Goldstein, Chair Palacios NOES: None
ABSENT: Miller, Rerig
7. Authorized the Chief Executive Officer to Execute Investment Management Agreement with RBC Global Asset Management (U.S.) Inc. In a Form Substantially Similar to the Attached and Subject to Approval by CCCE General Counsel for a Term of 2 Years and a Not to Exceed amount of $400,000 The Chair opened the public comment period.
No public comment received.
The Chair closed public comment period.
MOTION: Moved by Director Lewis, Seconded by Director Johnson to approve.
ACTION: The Motion Carried with a roll call vote: 15/0/2 AYES: Bradford, Espinosa, Greene, Dettle, Johnson, Lewis, McKee, Miyasato, Norgaard, Pia, Slama, Stilwell, McCloud, Vice Chair Goldstein, Chair Palacios NOES: None
ABSENT: Miller, Rerig
8. Authorized the Chief Executive Officer to Execute Custodial with Principal Bank for a Term of 2 Years and a Not to Exceed amount of $100,000
The Chair opened the public comment period.
No Public Comment Received
The Chair closed public comment period.
MOTION: Moved by Johnson, seconded by Vice Chair Goldstein to approve.
ACTION: The Motion Carried with a roll call vote: 15/0/2 AYES: Bradford, Espinosa, Greene, Dettle, Johnson, Lewis, McKee, Miyasato, Norgaard, Pia, Slama, Stilwell, McCloud, Vice Chair Goldstein, Chair Palacios NOES: None
ABSENT: Miller, Rerig
Adjourned at 10:35am