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Commission authorizes WAPA extension option for Treasure Island and WREGIS agreements for renewable credit tracking
Summary
The PUC authorized an option extension with Western Area Power Administration (WAPA) to preserve the option for full‑load service for Treasure/Yerba Buena Island and approved entering WREGIS (or similar) agreements to track renewable energy credits; staff said the WAPA overlay is optional and carries no termination penalty if not used.
The commission approved two energy‑market related actions: a request to maintain the PUC's option to use Western Area Power Administration (WAPA) full‑load service for Treasure and Yerba Buena Islands and authorization for the general manager to enter agreements with WREGIS or similar registries to certify and track renewable energy credits and environmental attributes.
WAPA contract option: staff said WAPA is asking customers to extend commitments so WAPA can renegotiate long‑term market overlay contracts; the PUC would not be obligated to take the power, and staff said there is no termination penalty if the overlay is not purchased in future years. The five‑year overlay estimate discussed was approximately $9.65 million based on an assumed $76/MWh for the overlay portion; staff characterized the arrangement as preserving access to relatively low‑cost federal power and maintaining continuity of an established relationship.
Renewable Energy Credits (WREGIS): commissioners unanimously authorized staff to acquire administrative mechanisms to certify and report renewable attributes so the utility can document environmental compliance and goals.
Votes and next steps: commission approved the WREGIS authorization unanimously and later approved continuation of the WAPA option with one recorded no vote on the WAPA contract extension consent; staff will return with more detail on the WAPA overlay pricing and confirm that the contract extension is an option, not a binding purchase commitment.
