City Council

15.\nConfirmation Letter with BP Energy Company\nRecommendation:\nA. Find the action is not in reference to a “project” subject to the California Environmental\nQuality Act (CEQA) under Guidelines Section 15378 because it involves the continuing\nadministrative activity of purchasing power and resource adequacy; and even if it were a\n“project” subject to CEQA, the approval requested is exempt in accordance with CEQA\nGuidelines Section 15061(b)(3), the general rule that CEQA only applies to projects that may\nhave a significant effect on the environment, and any construction that may occur by a\nprivate party in the future in reliance on this approval would be subject to CEQA review by\nanother governmental agency at the time when actual details of any physical proposal would\nbe more than speculative; and\nB. Approve and authorize the City Administrator to execute the Confirmation Letter with BP\nEnergy Company (BP Energy), in substantially the same form as submitted, for the Purchase\nof Portfolio Content Category Product 1 (PCC1) Energy in the amount-not-to exceed\n$74,018,950 for a 10-year term.\nORAL REPORTS