The Board of Supervisors has previously approved four agreements with the Western Area Power Administration (WAPA) for low-cost electric services and scheduling coordinator services to TI/YB. The original contracts were approved for a period of five years starting from September 1, 2005.

The proposed change extends the term by five years and three months from October 1, 2024, for a total term running from September 1, 2005, through December 31, 2029, and increases the maximum amount of the agreements to $41,500,000.

The extension of the two contracts would increase the total estimated costs from $28,386,486 to $41,500,000.

The extension is proposed to allow WAPA to procure power and related services for periods beyond the current contract expiration date and it is necessary for the PUC to continue providing electric utility service at Treasure Island and Yerba Buena Island under a Cooperative Agreement with the United States Navy.

The PUC approved the fourth amendments to the two contracts at a public meeting on May 9, 2023, in Resolution No. 23-0102.

The costs under the fourth amendments to these contracts will be recovered through the electric utility rates at TI/YBI and will be included in the annual budgets for the PUC's Power Enterprise.