A RESOLUTION relating to the City Light Department; endorsing City Light’s Wholesale Energy Risk Management Policy (“WERM Policy”), which governs wholesale energy, transmission, and ancillary services trading, including renewable energy credits and greenhouse gas offsets; establishing the WERM Policy as the guiding policy for managing risks related to wholesale energy, ancillary services, renewable energy credits, and greenhouse gas offsets within the City Light Department; and superseding Resolution 31616.

Res 32130 · Resolution (Res) · Adopted

Sponsors: Tanya Woo

Timeline

• Feb 21, 2024: Mayor's leg transmitted to Council (Mayor)
• Feb 21, 2024: sent for review (City Clerk)
• Feb 26, 2024: sent for review (Council President's Office)
• Mar 12, 2024: referred (City Council)
• Mar 15, 2024: discussed (Sustainability, City Light, Arts and Culture Committee)
• Aug 16, 2024: adopt as amended (Sustainability, City Light, Arts and Culture Committee)
• Sep 3, 2024: adopted (City Council)
• Sep 5, 2024: submitted for Mayor's signature (City Clerk)
• Sep 5, 2024: Signed (Mayor)
• Sep 5, 2024: returned (Mayor)
• Sep 5, 2024: attested by City Clerk (City Clerk)