This resolution acknowledges a notice from the Public Utilities Commission regarding the potential need for retroactive approval from the Board of Supervisors for certain large contracts related to energy products. It applies to contracts exceeding $10 million in costs, $1 million in revenues, or lasting more than ten years, as well as those requiring binding arbitration.
Resolution acknowledging notice from the General Manager of the Public Utilities Commission pursuant to Resolution No. 580-20 of the potential need to seek retroactive Board of Supervisors approval under Charter, Section 9.118, for contracts with costs of $10,000,000 or more, revenues of $1,000,000 or more, or terms in excess of ten years, or contracts requiring binding arbitration for the purchase and sale of energy-related products necessary to meet regulatory compliance obligations in 2021.
How it got here
This legislation originated from the need for the Public Utilities Commission to seek retroactive approval for energy-related contracts due to regulatory compliance requirements.
The PUC Commission approved Resolution No. 21-0121, acknowledging the potential need for retroactive Board of Supervisors approval for energy-related contracts.
The Board adopted Resolution No. 580-20, which established the framework for the PUC to notify the Board of potential retroactive approvals for contracts exceeding certain thresholds.
The General Manager of the PUC sent a notice to the Clerk of the Board regarding the potential need for retroactive approvals under Charter Section 9.118 for energy-related contracts.
The Budget and Finance Committee recommended the resolution acknowledging the potential need for retroactive approvals.
The Board of Supervisors adopted Resolution 210831, acknowledging the notice from the PUC General Manager regarding potential retroactive approvals for energy-related contracts.
Reconstructed from attached documents & the official record
