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55695.00001\33485367.1 <br />1 <br />ORANGE COUNTY POWER AUTHORITY <br />JOINT POWERS AGREEMENT <br />This Joint Powers Agreement (“Agreement”), effective as of the date specified in Section <br />1.2, below, which is November 20, 2020 (“Effective Date”) is made and entered into pursuant to <br />the Joint Exercise of Powers Act (California Government Code § 6500 et seq.) relating to the joint <br />exercise of powers among the parties set forth in Exhibit A. All parties that execute this Agreement <br />prior to December 31, 2020 shall be designated individually as “Founding Party” and collectively <br />as “Founding Parties”. All cities, counties, or other public agencies added as parties to this <br />agreement after December 31, 2020 shall be designated individually as “Additional Party” and <br />collectively “Additional Parties”. The term “Party” refers individually to any Founding Party or <br />Additional Party, and the term “Parties” refers collectively to the Founding Parties and the <br />Additional Parties. <br />RECITALS <br />A. In 2002, Assembly Bill 117 (Stat. 2002, Ch. 838, codified at Public Utilities Code <br />Sections 218.3, 366, 394, 394.25, 331.1 366.2, and 381.1) was signed into law allowing customers <br />to aggregate their electrical loads as members of their local community with public agencies <br />designated as community choice aggregators, and allowing such public agencies to aggregate the <br />electrical load of interested consumers within their jurisdictional boundaries and purchase <br />electricity on behalf of those consumers. <br />B. In 2006, Assembly Bill 32 (Stat. 2006, Ch. 488, codified at Health and Safety Code <br />Sections 38500 et seq.), known as the Global Warming Solutions Act, was signed into law, <br />mandating a reduction in greenhouse gas emissions to 1990 levels by 2020. <br />C. In 2015, Senate Bill 350 (Stat. 2015, Ch. 547, codified at Health and Safety Code <br />Section 44258.5; Labor Code Section 1720; Public Resources Code Sections 25302.2, 25310, <br />25327 and 25943; and Public Utilities Code Sections 237.5, 337, 352, 359, 365.2, 366.3, 399.4, <br />399.11, 399.12, 399.13, 399.15, 399.16, 399.18, 399.21, 399.30, 454.51, 454.52, 454.55, 454.56, <br />701.1, 740.8, 740.12, 9505, 9620, 9621, 9622, and Article 17 (commencing with Public Utilities <br />Code Section 400)) was signed into law, mandating a reduction in greenhouse gas emissions to 40 <br />percent below 1990 levels by 2030 and to 80 percent below 1990 levels by 2050. <br />D. In 2018, Senate Bill 10 (Stat.f 2018, Ch. 312, codified at Public Utilities Code <br />sections 399.11, 399.15, 399.30, and 454.53) was signed into law, directing that the Renewables <br />Portfolio Standard to be increased to 60 percent renewables by 2030 and establishing a policy for <br />eligible renewable energy resources and zero-carbon resources to supply 100 percent of electricity <br />retail sales to California end-use customers by 2045. <br />E. The Parties each hold various powers under California law, including, but not <br />limited to, the power to purchase, supply, and aggregate electricity for themselves and customers <br />within their jurisdictions in accordance with Public Utilities Code Sections 333.1 and 366.2; they <br />are therefore properly empowered to enter into this Agreement under the Joint Exercise of Powers <br />Act (Government Code Section 6500 et seq., the “Act”).