Board of Public Utilities

City of Riverside Public Utilities Administrative Office 3750 University Ave. 3 Fl. Board of Public Utilities Riverside, CA 92501 (951) 826-2135 Agenda Meeting Date: Monday, October 23, 2023 6:30 PM City Hall - Art Pick Council Chamber Publication Date: Wednesday, October 11, 2023 3900 Main Street, Riverside, CA Live Webcast at www.RiversideCA.gov/Meeting or www.WatchRiverside.com MISSION STATEMENT The City of Riverside is committed to providing high quality municipal services to ensure a safe, inclusive, and livable community. The City of Riverside Public Utilities Department is committed to the highest quality water and electric services at the lowest possible rates to benefit the community. Face coverings are strongly recommended. For virtual Public Comment, two options are available: VIA TELEPHONE: Call (669) 900-6833 and enter Meeting ID: 926 9699 1265 Press *9 to be placed in the queue to speak. Individuals in the queue will be prompted to unmute by pressing *6 to speak. VIA ZOOM: Use the following link: https://zoom.us/j/92696991265 Select the "raise hand" function to request to speak. An on-screen message will prompt you to "unmute" and speak. Public comments are limited to 3 minutes. Please follow along via the telephone or Zoom options above to ensure you call in at the appropriate time for your item(s). Public comments regarding items on this agenda or any matters within the jurisdiction of the Board of Public Utilities can be submitted by eComment at www.RiversideCA.gov/Meeting until two hours before the meeting. Email comments to City_Clerk@riversideca.gov. ****** City of Riverside Page 1 Board of Public Utilities Agenda October 23, 2023 Pursuant to the City Council Meeting Rules adopted by Resolution No. 23976, members of all Boards and Commissions and the public are reminded that they must preserve order and decorum throughout the meeting. In that regard, members of all Boards and Commissions, as well as the public participants are advised that any delay or disruption in the proceedings or a refusal to obey the orders of the City Council, Boards and commissions, or their presiding officer constitutes a violation of these rules. The City of Riverside is committed to fostering a respectful workplace that requires all employees and external stakeholders to embrace a culture of transparency and inclusivity. This includes acceptable behavior from everyone; a workplace that provides dignity, respect, and civility to our employees, customers, and the public they serve. City meetings should be a place where all members of our community feel safe and comfortable to participate. While there could be a high level of emotion associated with topics on this agenda, the City would like to set the expectation that all members of the public use language appropriate to a collaborative, professional, and respectful public environment. The City is resolute in its commitment to eliminate any form of harassment, discrimination, or retaliation in the workplace. The City maintains a zero-tolerance policy for harassment, discrimination, and retaliation in compliance with new harassment and discrimination laws. ******* City of Riverside Page 2 Board of Public Utilities Agenda October 23, 2023 6:30 P.M. CHAIR CALLS MEETING TO ORDER PLEDGE OF ALLEGIANCE TO THE FLAG ROLL CALL PUBLIC COMMENT 1 To comment on any matters within the jurisdiction of the Board of Public Utilities, you are invited to participate via telephone at (669) 900-6833 and enter Meeting ID: 926 9699 1265. Press *9 to be placed in the queue to speak. Individuals in the queue will be prompted to unmute by pressing *6 when you are ready to speak. To participate via ZOOM, use the following link: https://zoom.us/j/92696991265, select the "raise hand" function to request to speak. An on-screen message will prompt you to "unmute" and speak. COMMUNICATIONS 2 Riverside Public Utilities sustainability efforts CONSENT CALENDAR 3 Minutes of September 25, 2023 Attachments: Minutes 4 Excuse absence of Board Member Melendez from August 28, 2023, regular meeting Attachments: Report 5 Award Bid 8020 for purchase of a potable cold-water meter test bench and recirculating system to Ferguson Waterworks in amount of $279,495; and authorize City Manager, or designee, to execute any documents necessary to effectuate purchase described herein, and ability to make minor and non-substantive changes in alignment with all purchasing policies Attachments: Report Bid Award Recommendation Presentation City of Riverside Page 3 Board of Public Utilities Agenda October 23, 2023 6 Consider approval of Riverside Public Utilities Electric 2024 Annual Resource Adequacy Plan and authorize filing with California Independent System Operator in compliance with Section 40 of its tariff Attachments: Report 2024 Annual Resource Adequacy Plan Resolution 23617 Presentation 7 2022 Power Source Disclosure Reports, 2022 Power Content Label, Independent Accountant’s Reports, and Riverside Public Utilities California Energy Commission and Renewable Portfolio Standard (CEC-RPS) Annual Compliance Report update submitted to California Energy Commission Attachments: Report 2022 RPU General Power Mix Power Source Disclosure Annual Report 2022 RPU 100% Renewable Energy Mix Power Source Disclosure Annual Report 2022 Power Content Label Independent Accountant’s Report of RPU’s General Power Mix Independent Accountant’s Report of RPU’s 100% Renewable Energy Mix RPU CEC-RPS Annual Compliance Report for Calendar Year 2022 Presentation 8 Recommend City Council receive Southern California Public Power Authority semi-annual expenditure report for Fiscal Year 2022-23 Attachments: Report Presentation 9 Recommend City Council approve First Amendment to Non-Exclusive License Agreement with Grand Canal Townhomes Association, as Successor in Interest to Dulce Vida, a California limited liability Company for use of City owned Property located East of Canal Street, North of Terrace Pines Drive, Grand Terrace, California; and authorize City Manager, or designee, to execute agreement, including making minor non-substantive changes, and to sign all documents necessary to complete transaction Attachments: Report First Amendment to Non-Exclusinve License Agreement Presentation 10 Recommend City Council approve a Charging Station Site License Agreement with Electrify America for construction of six (6) electric vehicle charging stations at Mission Square Parking Garage, Level 1 - 3750 University Avenue; and authorize City Manager, or designee, to execute Charging Station Site License Agreement City of Riverside Page 4 Board of Public Utilities Agenda October 23, 2023 including making non-substantiative changes Attachments: Report Agreement Map Presentation 11 Recommend City Council adopt attached Resolution to approve the Official Statement and Continuing Disclosure Certificate for 2023 Refunding Electric Revenue Bonds; and delegate City Manager, Chief Financial Officer/Treasurer, Deputy Chief Financial Officer/Treasurer, and Public Utilities General Manager (or any duly authorized designee of any of such officers) authority to execute other documents as may be necessary to carry out the plan of finance authorized under the Twentieth Supplemental Resolution Attachments: Report Resolution Official Statement Riverside 2023 Electric Refunding Bonds File 23-3105 Continuing Disclousure Certificate Presentation 12 Recommend City Council approve City’s Financing Team transaction and authorize Chief Financial Officer or any duly authorized designee to pay costs of such firms in connection with issuance of 2024 Electric Revenue Bonds from bond proceeds; conduct a public hearing to consider issuance of 2024 Electric Revenue Bonds in an amount not-to-exceed $290 million; adopt a resolution authorizing issuance of 2024 Electric Revenue Bonds in an aggregate principal amount not-to-exceed $290 million; delegate to City's Financing Team, at time of Bond sale, determination of specific maturities to be refunded, amount of interest rate swaps to be terminated and form of new bonds as outlined in Recommendation 3 above; and upon closing of 2024 Electric Revenue Bonds, authorize Chief Financial Officer, or designee, to make necessary budget adjustments and/or appropriations to properly record refunding and financing expenses in accordance with governmental accounting standards Attachments: Report Twenty-First Supplemental Resolution of the 2024 Electric Revenue Bonds Bond Purchase Agreement Official Statement Continuing Disclosure Certificate Public Hearing Notice Presentation 13 Recommend City Council authorize interfund transfer from Electric Fund (510) City of Riverside Page 5 Board of Public Utilities Agenda October 23, 2023 State Operating Grants accounts for 2014 Cool California Challenge Competition Grant funds in amount of $24,676 to Grants and Restricted Programs Fund (215) revenue accounts and appropriate expenditures in same amount; and authorize interfund transfer from Electric Fund (510) State Operating Grants accounts for California Green Business Program Grant funds in amount of $9,440 to Grants and Restricted Programs Fund (215) revenue accounts and appropriate expenditures in same amount Attachments: Report Presentation DISCUSSION CALENDAR 14 Consider approval of increased capital expenditure for Work Order 1329385 in amount of $4,344,625 for a total of $18,008,996 to extend the participation in the Enhanced Recharge Project in San Bernardino Basin Area associated with Seven Oaks Dam Attachments: Report Project Anticipated Costs for Phase 1B Presentation 15 Recommend City Council approve Renewable Power Purchase and Sale Agreement with SunZia Wind PowerCo LLC for 125 megawatts from Pattern wind-powered electricity generating facility for a term of fifteen years and an estimated average annual cost of $22,000,000 to $23,200,000; authorize City Manager, or designee, to execute Renewable Power Purchase and Sale Agreement and all documents necessary to administer Agreement including ability to make non substantive changes, to execute reasonable and customary consent to collateral assignments, future amendments to Renewable Power Purchase and Sale Agreement under terms and conditions substantially similar or superior to Renewable Power Purchase and Sale Agreement or, if needed, to terminate Renewable Power Purchase and Sale Agreement in accordance with Agreement terms and conditions; and authorize City Manager, or designee, to execute any agreements related to Project Bifurcation under terms and conditions substantially similar or superior to Renewable Power Purchase and Sale Agreement Attachments: Report Pattern|SunZia Commitment to Local Communities and Environmental Stewardship Production Cost Modeling Study Agreement Presentation City of Riverside Page 6 Board of Public Utilities Agenda October 23, 2023 CLOSED SESSION 16 Pursuant to Government Code §54956.9(d)(1) to confer with and/or receive advice from legal counsel concerning City of Riverside v. 3M Company, et al., U.S. District Court for the District of South Carolina MDL 2873 Master Docket 2:18-mn-2873 Attachments: Report BOARD MEMBER/STAFF COMMUNICATIONS 17 Systematic reporting on meetings, conferences, and seminars by Board members and/or staff 18 Items for future Board of Public Utilities consideration as requested by members of the Board. Only items that fall within the powers and duties of the Board of Public Utilities as set forth in the City Charter and/or the Riverside Municipal Code will be agendized for future discussion. GENERAL MANAGER’S REPORT 19 WA-12 Agricultural Service Water Rate report as of August 31, 2023 Attachments: Report Charts 20 Power and Water Supply Reports - August 2023 Attachments: Power Supply Report Water Supply Report Water Charts 21 Customer Engagement Report updates through August 2023 Attachments: Report 22 Electric and Water Contractor and Consultant Panel updates as of August 2023 Attachments: Electric Consultant Report Electric Consultant Charts Electric Contractors Panel Report Electric Contractors Panel Charts Water Contractor Panel (Paving) Report Water Contractor's Panel (Paving) Charts 23 Accounts Receivable and Delinquencies as of August 31, 2023 City of Riverside Page 7 Board of Public Utilities Agenda October 23, 2023 Attachments: Report 24 Contracts executed not requiring Board approval as of August 2023 Attachments: Report 25 Upcoming City Council and Board meetings Attachments: Report 26 Electric/Water Utility Acronyms Attachments: Acronyms The next regular Board of Public Utilities meeting is scheduled for Monday, November 13, 2023. For live Webcast of the Board Meeting: RiversideCA.gov/Meeting or WatchRiverside.com Sign up to receive critical information such as unexpected road closures, utility outages, missing persons, and evacuations of buildings or neighborhoods. www.RiversideAlert.com City of Riverside Page 8