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2/22/2016 ORDINANCE NO. 2420 AN ORDINANCE OF THE CITY OF REDWOOD CITY AUTHORIZING THE IMPLEMENTATION OF A COMMUNITY CHOICE AGGREGATION PROGRAM THE CITY COUNCIL OF THE CITY OF REDWOOD CITY DOES ORDAIN AS FOLLOWS: SECTION 1. THE CITY COUNCIL MAKES THE FOLLOWING FINDINGS. The City Council of the City of Redwood City (the "City Council") has investigated options to provide electric services to customers within the City of Redwood City (the "City") with the intent of achieving greater local control and involvement over the provision of electric services, competitive electric rates, the development of clean, local, renewable energy projects, reduced greenhouse gas emissions, and the wider implementation of energy conservation and efficiency projects and programs; and hereby finds and declares as follows: A. The County of San Mateo prepared a Feasibility Study for a community choice aggregation ("CCA") program under the provisions of the Public Utilities Code Section 366.2 in San Mateo County with the cooperation of certain cities in San Mateo County. The Feasibility Study shows that implementing a community choice aggregation program may provide multiple benefits, including: • Providing customers a choice of power providers; • Increasing local control and involvement in and collaboration on energy rates and other energy-related matters; • Providing more stable long-term electric rates that are competitive with those provided by the incumbent utility; • Reducing greenhouse gas emissions arising from electricity use within San Mateo County; • Increasing local renewable generation capacity; • Increasing energy conservation and efficiency projects and programs; • Increasing regional energy self-sufficiency; • Improving the local economy resulting from the implementation of local renewable and energy conservation and efficiency projects; and B. On January 25, 2016, the City Council held a study session, at which time interested persons had an opportunity to testify either in support or opposition to implementation of the Peninsula Clean Energy CCA program in the City. Page 1 of 3 ATTY/ORD.421/PENINSULA CLEAN ENERGY COMMUNITY CHOICE AGGREGATION ORDINANCE Ord.2420 REV:01-28-16 JS FORMERLY MUFF#205