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HomeMy WebLinkAboutResolution - 2022-R0454 - Connect to ERCOT and Settlement Agreement PUC Docket 53529Resolution No. 2022-R0454 Item No. 5.10 November 1, 2022 WHEREAS, approximately 30% of the City of Lubbock and its municipally owned electric utility, Lubbock Power & Light ("LP&L") is currently served with wholesale power delivered through the Southwest Power Pool Regional Transmission Organization ("SPP"); WHEREAS, approximately 70% of LP&L's load has been integrated into the Electric Reliability Council of Texas ("ERCOT"); WHEREAS, on or about May 27, 2021, the Electric Utility Board, by resolution No. EUB 2021-R0038, determined that the customers of LP&L would be best served by a migration of LP&L's remaining load (the "Remaining Load") from SPP to ERCOT and authorized the Director of Electric Utilities to execute or cause to be executed any and all pleadings and other filings to cause the migration of the Remaining Load from SPP to ERCOT; WHEREAS, on or about May 27, 2021, the Electric Utility Board and the City Council of the City of Lubbock, by resolutions No. EUB 2021-R0039 and 2021-R0201, respectively, approved that certain Settlement Agreement ("Settlement Agreement") by and between Southwestern Public Service Company and LP&L, which stated that the Settlement Agreement would not become effective unless and until it is approved by the Public Utility Commission of Texas ("PUC"), and the parties agreed to request approval of the Settlement Agreement as part of the migration of the Remaining Load to ERCOT; WHEREAS, on or about April 27, 2022, LP&L filed its Application of the City of Lubbock, acting by and through Lubbock Power & Light, for Authority to Connect the Remaining Portion of its Load with the Electric Reliability Council of Texas and Tor approval of Settlement Agreement with the PUC to address both the Remaining Load and the Settlement Agreement, which is proceeding under PUC Docket No. 53529 (the "PUC Proceeding"); WHEREAS, several parties have intervened in the PUC Proceeding, including Southwestern Public Service, the Office of Public Utility Counsel, Texas Industrial Energy Consumers, the Electric Reliability Council of Texas, Golden Spread Electric Cooperative, Inc., and the Alliance for Retail Markets (collectively, "Intervenors"); WHEREAS, the Staff of the PUC is also participating in the PUC Proceeding ("PUC Staff'); WHEREAS, PUC Staff, Intervenors, and LP&L have and continue to engage in good faith settlement negotiations that are ongoing related to the PUC Proceeding; WHEREAS, the City Council of the City of Lubbock desires to authorize LP&L's outside attorneys, Lloyd Gosselink Rochelle & Townsend P.C., to resolve, settle, and compromise the PUC Proceedings upon the terms and conditions stated below to expedite the approval of the PUC Proceeding; NOW, THEREFORE: BE IT RESOLVED BY THE CITY COUNCILOF THE CITY OF LUBBOCK: THAT LP&L's outside attorneys, Lloyd Gosselink Rochelle & Townsend P.C., are authorized and directed to execute a Stipulation and/or Settlement (herein so called), whether unanimous or non -unanimous, for and on behalf of the City of Lubbock, acting by and through Lubbock Power & Light, settling and resolving the PUC Proceeding, upon all of the following terms and conditions: 1. The Stipulation and/or Settlement permits the Remaining Load to migrate to ERCOT no later than June 15, 2023, and no further payments or hold harmless provisions are required of LP&L for this transition. 2. The Stipulation and/or Settlement states that the migration of the Remaining Load into ERCOT is in the public interest. 3. The Stipulation and/or Settlement does not change, alter, or otherwise modify the Settlement Agreement by and between Southwestern Public Service Company and LP&L dated May 27, 2021. 4. The Stipulation and/or Settlement states that the Settlement Agreement by and between Southwestern Public Service Company and LP&L dated May 27, 2021, is reasonable and in the public interest. 5. The Stipulation and/or Settlement is approved in substance by the Director of Electric Utilities and in form by the General Counsel of LP&L. BE IT FURTHER RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: THAT LP&L's outside attorneys, Lloyd Gosselink Rochelle & Townsend P.C., are further authorized and directed to file or cause to be filed any such Stipulation and/or Settlement with the PUC to resolve the PUC Proceeding in PUC Docket No. 53529. Passed by the City Council of the City of Lubbock this 1 st day of November, 2022. T NE, MAYOR ATTEST: Rebe4 Garza, Board Secr ary APPROVED AS TO CONTENT: Joe I , Director of Electri t' ities APPROVED AS TO FORM: Jt S it , LP&L General Counsel Resolution No. EUB 2022-R0098 WHEREAS, approximately 30% of the City of Lubbock and its municipally owned electric utility, Lubbock Power & Light ("LP&L") is currently served with wholesale power delivered through the Southwest Power Pool Regional Transmission Organization ("SPP"); WHEREAS, approximately 70% of LP&L's load has been integrated into the Electric Reliability Council of Texas ("ERCOT"); WHEREAS, on or about May 27, 2021, the Electric Utility Board, by resolution No. EUB 2021-R0038, determined that the customers of LP&L would be best served by a migration of LP&L's remaining load (the "Remaining Load") from SPP to ERCOT and authorized the Director of Electric Utilities to execute or cause to be executed any and all pleadings and other filings to cause the migration of the Remaining Load from SPP to ERCOT; WHEREAS, on or about May 27, 2021, the Electric Utility Board and the City Council of the City of Lubbock, by resolutions No. EUB 2021-R0039 and 2021-R0201, respectively, approved that certain Settlement Agreement ("Settlement Agreement") by and between Southwestern Public Service Company and LP&L, which stated that the Settlement Agreement would not become effective unless and until it is approved by the Public Utility Commission of Texas ("PUC"), and the parties agreed to request approval of the Settlement Agreement as part of the migration of the Remaining Load to ERCOT; WHEREAS, on or about April 27, 2022, LP&L filed its Application of the City of Lubbock, acting by and through Lubbock Power & Light, for Authority to Connect the Remaining Portion of its Load with the Electric Reliability Council of Texas and for approval of Settlement Agreement with the PUC to address both the Remaining Load and the Settlement Agreement, which is proceeding under PUC Docket No. 53529 (the "PUC Proceeding"); WHEREAS, several parties have intervened in the PUC Proceeding, including Southwestern Public Service, the Office of Public Utility Counsel, Texas Industrial Energy Consumers, the Electric Reliability Council of Texas, Golden Spread Electric Cooperative, Inc., and the Alliance for Retail Markets (collectively, "Intervenors"); WHEREAS, the Staff of the PUC is also participating in the PUC Proceeding ("PUC Staff"); WHEREAS, PUC Staff, Intervenors, and LP&L have and continue to engage in good faith settlement negotiations that are ongoing related to the PUC Proceeding; WHEREAS, the Electric Utility Board of the City of Lubbock desires to authorize LP&L's outside attorneys, Lloyd Gosselink Rochelle & Townsend P.C., to resolve, settle, and compromise the PUC Proceedings upon the terms and conditions stated below to expedite the approval of the PUC Proceeding; NOW, THEREFORE: BE IT RESOLVED BY THE ELECTRIC UTILITY BOARD OF THE CITY OF LUBBOCK: THAT LP&L's outside attorneys, Lloyd Gosselink Rochelle & Townsend P.C., are authorized and directed to execute a Stipulation and/or Settlement (herein so called), whether unanimous or non -unanimous, for and on behalf of the City of Lubbock, acting by and through Lubbock Power & Light, settling and resolving the PUC Proceeding, upon all of the following terms and conditions: 1. The Stipulation and/or Settlement permits the Remaining Load to migrate to ERCOT no later than June 15, 2023, and no further payments or hold harmless provisions are required of LP&L for this transition. 2. The Stipulation and/or Settlement states that the migration of the Remaining Load into ERCOT is in the public interest. 3. The Stipulation and/or Settlement does not change, alter, or otherwise modify the Settlement Agreement by and between Southwestern Public Service Company and LP&L dated May 27, 2021. 4. The Stipulation and/or Settlement states that the Settlement Agreement by and between Southwestern Public Service Company and LP&L dated May 27, 2021, is reasonable and in the public interest. 5. The Stipulation and/or Settlement is approved in substance by the Director of Electric Utilities and in form by the General Counsel of LP&L. BE IT FURTHER RESOLVED BY THE ELECTRIC UTILITY BOARD OF THE CITY OF LUBBOCK: THAT LP&L's outside attorneys, Lloyd Gosselink Rochelle & Townsend P.C., are further authorized and directed to file or cause to be filed any such Stipulation and/or Settlement with the PUC to resolve the PUC Proceeding in PUC Docket No. 53529. BE IT FURTHER RESOLVED BY THE ELECTRIC UTILITY BOARD OF THE CITY OF LUBBOCK: THAT this resolution shall be null and void if the City Council of the City of Lubbock does not approve a similar resolution outlining the parameters described above within sixty (60) days of this resolution. Passed by the Electric Utility Board this 18th day of October, 2022. f Dan Odom, Chairman ATTEST: fford, Board APPROVED AS TO CONTENT: /1.12Z z JZ) Z.� Joel-,ffirector of Electri v/11ities APPROVED AS TO FORM: t Je S t , LP&L General Counsel