HomeMy WebLinkAboutPK18-337 - Amendment - #1 - Puget Sound Energy, Inc. - Schedule 139 Voluntary Long Term Renewable Enegry - 03/01/2021ApprovalOriginator:Department:
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rev. 200821
FOR CITY OF KENT OFFICIAL USE ONLY
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* Memo to Mayor must be attached
PK18-337
February 4, 2021
Dana Ralph
Mayor
City of Kent
220 Fourth Ave S
Kent, WA 98032
Re: First Amendment to Schedule 139 Voluntary Long-Term Renewable Energy Service
Agreement
Dear Mayor Ralph:
Puget Sound Energy (“PSE”) and City of Kent (“Customer”) previously entered into that certain Schedule 139
Voluntary Long-Term Renewable Energy Service Agreement, dated as of August 28, 2018, between PSE and
Customer (the “Service Agreement”). Subsequent to the execution of the Service Agreement, the Washington
Utilities and Transportation Commission (the “Commission”) approved Resource Option Energy Charges
under PSE’s Schedule No. 139 Voluntary Long-Term Renewable Energy Purchase Rider (“Schedule 139”).
PSE desires to amend the Service Agreement as set forth herein to reflect these revisions to Schedule 139
approved by the Commission, which revisions have the effect of reducing Resource Option Energy Charges
under the Service Agreement for calendar years beginning 2021, and adjusting the start of the terms to reflect
the actual start date of March 1, 2021.
This First Amendment to the Service Agreement (the “First Amendment”) confirms the mutually agreed upon
updates to the Service Agreement that are consistent with the revisions to Schedule 139 approved by the
Commission.
1. Section 6 of the Service Agreement is amended in its entirety and replaced with the following
Section 6:
6. Term. The term of this Service Agreement shall commence in the year 2021. Service under
Schedule 139 shall begin on March 1, 2021 with the commencement of the Power Purchase
Agreement between PSE and the developer of the Resource Option, and delivery therefrom
of energy to the Company sufficient to satisfy the obligations set forth in this Service
Agreement. This Service Agreement terminates in calendar year 2036 after 2 billing cycles
during such calendar year.
DocuSign Envelope ID: 40564DEC-6E1A-4788-9448-67300906554C
2. Table 1 in Section 7 of the Service Agreement is amended in its entirety to read as follows:
Table 1
Calendar Year 2021 2022 2023 2024 2025
Rate per kWh $0.04427 $0.04516 $0.04606 $0.04698 $0.04792
Calendar Year 2026 2027 2028 2029 2030
Rate per kWh $0.04888 $0.04986 $0.05086 $0.05187 $0.05291
Calendar Year 2031 2032 2033 2034 2035
Rate per kWh $0.05397 $0.05505 $0.05615 $0.05727 $0.05842
Calendar Year 2036
Rate per kWh $0.05959
3. Capitalized terms used in but not otherwise defined in this First Amendment have the meanings given
to such terms in the Service Agreement.
4. Except as amended by this First Amendment, the Service Agreement is hereby ratified and confirmed
in all respects and shall continue in full force and effect according to its terms.
5. This First Amendment will be governed by and interpreted, construed and enforced in accordance
with the law of the State of Washington.
6. This First Amendment may be executed by in one or more counterparts, each of which shall be
deemed to be an original, but all of which together shall constitute one and the same instrument. A
signed copy of this First Amendment delivered by me ans of a facsimile machine or electronic
transmission in portable document format (pdf) shall be treated in all manner and respects as an
original signed version thereof delivered in person.
Please indicate your acceptance of the foregoing by signing and r eturning the enclosed copy of this letter.
Very truly yours,
PUGET SOUND ENERGY
By:
Name: Will Einstein
Title: Director Products, Services & Growth
AGREED AND ACKNOWLEDGED:
City of Kent
By:
Name: Dana Ralph
Title: Mayor
DocuSign Envelope ID: 40564DEC-6E1A-4788-9448-67300906554C