Clean Energy Alliance Board of Directors
September 22, 2022

Regular Board Meeting
September 22, 2022
Item 6: Power Purchase
Agreement with Cape Generating
Station 1 LLC
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Item 6: PPA with Cape Generating
Station 1 LLC
• Recommendation:
• Approve 15-Year Power Purchase Agreement with Cape
Generating Station 1 LLC for geothermal renewable energy for an amount not to exceed $38,200,000. Authorize the Chief Executive Officer to execute all documents, subject to Transactions Attorney approval.
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• Background:
• CPUC Decision 21-06-035 (Mid-Term Reliability Requirement) • Procurement of additional resources to respond to extreme weather events, replace 2,700 MW of retiring natural gas plants and 2,200 MW from Diablo Canyon;
• Project online by 8/1/2023, 6/1/2024 or 6/1/2025 with a preference for earlier date
• Goal to increase resource diversity with at least 1,000 MW from clean firm resources such as geothermal
• Available for minimum 10 years
• Non-fossil fueled
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Item 6: PPA with Cape Generating
Station 1 LLC
• December 2021 Solicitation
• Joint with Desert Community Energy and California Choice Energy Authority
• Responses representing 80 projects
• Short-list based on price, location, and CPUC compliance • Cape Generating Station 1 LLC project
• Geothermal Resource
• 15-year delivery
• Meets CPUC Mid-Term Reliability Requirement
• Project is within the pro-forma cost assumptions
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Item 6: PPA with Cape Generating
Station 1 LLC
Questions/Discussion
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