AGENDA CAPTION:
Title
Consider approval of Resolution 2022-267R, approving an interlocal agreement with the Lower Colorado River Authority (LCRA) for the provision of market support for the SMTXU Renewable Energy Credit Program; authorizing the City Manager or her designee to executive the agreement on behalf of the City; and declaring an effective date.
Body
Meeting date: December 6, 2022
Department: Utilities - Tyler J. Hjorth, Director
Amount & Source of Funding
Funds Required: N/A
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Fiscal Note:
Prior Council Action: Resolution 2021-34R approving the Renewable Energy Credit program on March 2, 2021
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Background Information:
Council authorized the City's electric utility, "SMTXU", to implement a voluntary program allowing its customers to purchase certified renewable energy in March 2021. SMTXU, in coordination with the Utility Billing division, implemented the program with rollout to its customers in May 2021. In order to manage the program, SMTXU needs the ability to acquire and divest Renewable Energy Credits (REC's) through the Electric Reliability Council of Texas (ERCOT), which manages the Texas electric market and grid. The Lower Colorado River Authority, "LCRA", offers to ...
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