PUBLIC UTILITIES COMMISSION OF THE STATE OF CALIFORNIA

ENERGY DIVISION * Item #14 I.D.# 10832 12/14/11, 10 AM

RESOLUTION E-4445

December 15, 2011

REDACTED

RESOLUTION

Resolution E-4445. Southern California Edison (SCE) requests approval of twenty renewable power purchase agreements.

PROPOSED OUTCOME: This Resolution approves fifteen renewable power purchase agreements (PPA) resulting from SCE's 2010 Renewables Standard Contracts (RSC) Program. SCE terminated five of the twenty PPAs.

ESTIMATED COST: Actual costs are confidential at this time.

By Advice Letter 2547-E filed on January 31, 2011 and 2547-E-A filed on April 15, 2011.

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SUMMARY

Southern California Edison's Renewable Power Purchase Agreements comply with the Renewables Portfolio Standard (RPS) procurement guidelines and are approved.

Southern California Edison (SCE) filed advice letter (AL) 2547-E on January 31, 2011 requesting Commission approval of twenty solar photovoltaic (PV) renewable power purchase agreements (PPAs) resulting from SCE's 2010 Renewables Standard Contracts (RSC) Program. SCE's RSC program is a voluntary program initiated by SCE to increase its renewable portfolio.

SCE filed substitute sheets on February 2, 2011, which corrected a minor formatting error, and a supplement to AL 2547-E on April 15, 2011, which amended the RSC contracts to include the new standard terms and conditions required for bundled RPS contracts under D.10-03-021, as modified by D.11-01-025.

Following the filing of SCE's AL, five of the projects exceeded the transmission cost cap stated in their contracts. On November 7 and 8, 2011, SCE sent termination notices to two of the project developers notifying them of the cancellation of five PPAs. Termination is effective five business days after termination notices are sent to the seller. The terminated projects are summarized in the table below and total 95 MW.

Table 1. Summary of the five terminated RSC contracts

The remaining fifteen power purchase agreements reflect projects ranging from approximately 5 - 20 megawatts (MW) from six different renewable project developers. In total this Resolution approves contracts for 144 MW of new solar PV capacity with estimated annual deliveries of 364 gigawatt-hours. Approved contracts are listed in Appendix A.

The PPAs are consistent with SCE's 2009 RPS Procurement Plan approved in D.09-06-018. The Commission approves the contract prices set forth in the proposed PPAs, finding that prices are reasonable and will ensure that the PPAs provide the greatest value for SCE's ratepayers. Deliveries from the PPAs are fully recoverable in rates over the life of the contracts, subject to Commission review of SCE's administration of the contracts.

The following table provides a summary of the fifteen approved RSC contracts.

Table 2. Summary of the fifteen approved RSC contracts