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Council approves energy storage agreement; staff says resource-allocation savings likely outweigh lease cost
Summary
The council approved a 20-year energy storage service agreement with Trolley Pass Project LLC, with staff and NCPA analysis projecting resource-allocation savings that may exceed the city's lease costs; one council member voted against the deal citing fiscal concerns and members of the public raised safety questions about large battery facilities.
The Lompoc City Council voted to authorize a third-phase Energy Storage Service Agreement (ESSA) with Trolley Pass Project LLC, moving forward with a 20-year lease for battery storage that staff and the Northern California Power Agency (NCPA) say will improve the city's resource adequacy and reduce long-term procurement costs.
Staff presented a project-cost and benefits analysis prepared with NCPA. Utilities staff said the city's gross ESSA cost for the 20-year project life is approximately $8.3 million and that the projected resource-allocation savings across the project life were estimated in the consultant materials to be in the range of roughly $3.9 million to $6.5 million. A city staff member…
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