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Resolution - 2008-60RESOLUTION NO.2008-60 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST COVINA •DECLARING ITS OPPOSITION OF PROPOSITION 7 - THE SOLAR AND CLEAN ENERGY ACT OF 2008 WHEREAS, the City of West Covina is supportive of regional and statewide efforts to generate renewable energy projects and programs; and WHEREAS; the City of West Covina supports the California Legislative Analyst Office's analysis that Proposition 7 would increase energy rates to consumers, including the City of West Covina; and WHEREAS, Proposition 7 would force small wind . and solar companies out of the renewable energy market because of a provision that excludes power generated from renewable plants smaller than 30 megawatts from counting toward the new requirements of Proposition 7. Today, nearly 60% of contracts under California's renewable requirements are with these small providers; and WHEREAS, Proposition 7 would allow renewable power providers to always charge 10% above the market price of power, stifling competition for renewable power, and artificially increasing the cost. WHEREAS, by eliminating competition from smaller renewable providers and creating a seller's market that allows prices to be set at 10% above market, Proposition 7 will increase costs to electricity consumers and taxpayers by hundreds of millions of dollars. (Economists predict that the average California household will see its utility bill increase by more than $300 dollars a year). WHEREAS, California leads the nation with tough, clean energy standards that require utilities to use significantly more renewable power and Proposition 7 will jeopardize . this progress and disrupt renewable power development. In addition, once law, Proposition 7 could only be changed to make any adjustments to the law would require another vote of the people or 2/3 vote of the legislature. NOW, THEREFORE, IT.IS HEREBY RESOLVED by the City Council of the City of West Covina as follows: SECTION 1. The City of West Covina hereby declares its opposition to Proposition 7 — The Solar and Clean Energy Act of 2008; and SECTION 2. That the City Clerk shall certify to the adoption of this Resolution and forward a copy to the League of California Cities and all State officials representing West Covina; and SECTION 3. That this resolution shall become effective immediately upon passage and adoption. ATTEST: APPROVED AND ADOPTED on this 29th day of September 2008. Mayor Sherri Lane Resolution No. 2008-60 Page 2 of 2 I, LAURIE CARRICO, CITY CLERK of the City of West Covina, California, do hereby certify that the foregoing resolution was duly adopted by the City Council of the City of West Covina, California, at a special meeting held thereof on the 29th day of September 2008, by the following vote of the City Council: AYES: Herfert, Touhey, Lane NOES: Hernandez ABSENT: Sanderson ABSTAIN: None City APPROVED AS TO FORM: Ci y Attorney d Alvarez-Glasman ;arrico �: