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��"!�� �q n,� <br /> Id�w�'��I�fn�"`d.,,... <br /> JOINT EXERCISE OF POWERS AGREEMENT RELATING TO <br /> AND CREATING THE <br /> PENINSULA CLEAN ENERGY AUTHORITY <br /> OF <br /> SAN MATEO COUNTY <br /> This Joint Exercise of Powers Agreement, effective on the date determined by Section 2.1, is made <br /> and entered into pursuant to the provisions of Title 1, Division 7,Chapter 5,Article 1 (Sections 6500 <br /> et seq.)of the California Government Code relating to the joint exercise of powers among the Parties <br /> set forth in Exhibit B, and establishes the Peninsula Clean Energy Authority("Authority"),is by and <br /> between the County of San Mateo ("County") and those cities and towns within the County of San <br /> Mateo who become signatories to this Agreement, and relates to the joint exercise of powers among <br /> the signatories hereto. <br /> RECITALS <br /> A. The Parties share various powers under California law, including but not limited to the <br /> power to purchase, supply, and aggregate electricity for themselves and customers within <br /> their jurisdictions. <br /> B. In 2006, the State Legislature adopted AB 32, the Global Warming Solutions Act, which <br /> mandates a reduction in greenhouse gas emissions in 2020 to 1990 levels. The California <br /> Air Resources Board is promulgating regulations to implement AB 32 which will require <br /> local governments to develop programs to reduce greenhouse gas emissions. <br /> C. The purposes for entering into this Agreement include: <br /> a. Reducing greenhouse gas emissions related to the use of power in San Mateo County <br /> and neighboring regions; <br /> b. Providing electric power and other forms of energy to customers at a competitive <br /> cost; <br /> c. Carrying out programs to reduce energy consumption; <br /> d. Stimulating and sustaining the local economy by developing local jobs in renewable <br /> energy; and <br /> e. Promoting long-term electric rate stability and energy security and reliability for <br /> residents through local control of electric generation resources. <br /> D. It is the intent of this Agreement to promote the development and use of a wide range of <br /> renewable energy sources and energy efficiency programs,including but not limited to solar, <br /> wind, and biomass energy production. The purchase of renewable power and greenhouse <br /> gas-free energy sources will be the desired approach to decrease regional greenhouse gas <br /> emissions and accelerate the State's transition to clean power resources to the extent <br /> ATTY/AGR/2016.040/JOINT EXERCISE Of POWERS AGR—PCE AUTHORITY <br /> REV:03-04-16 JS <br /> Page 1 of 24 <br />