Meyers Nave Attorneys Help Negotiate $500 Million Green Power Purchase Agreement
Oakland, CA – Meyers Nave Public Power and Telecom group principals Benjamin T. Reyes II and Michael F. Dean recently negotiated a $500 million “green” power purchase agreement between Western GeoPower and the Northern California Power Agency (NCPA).
(Dean also serves as general counsel for the NCPA.)
In this agreement, Western GeoPower will supply 265,000 megawatt hours (MWh) per year of 100% clean, green and renewable, electricity at a levelized price for 20 years to NCPA from its geothermal power plant at the Geysers Geothermal Field in Northern California (scheduled to be on line in early 2010).
This energy will power 725,000 NCPA member households per day, including residents in the cities of Alameda, Lodi, Lompoc, Palo Alto, Roseville, Santa Clara along with serving the renewable energy needs of public agencies such as the Bay Area Rapid Transit District (BART) and the Port of Oakland.
Western GeoPower, based in Vancouver, British Columbia, is a publicly traded corporation (CVE:WGP) dedicated to clean, renewable power. They operate geothermal power plants in Northern California (about 75 miles north of San Francisco) and in British Columbia, Canada.
The Northern California Power Agency, based in Roseville, CA, is a public Joint Powers Agency that provides electricity to 17 member districts and communities in Northern and Central California. NCPA owns and operates geothermal, hydroelectric, and combustion turbine power plants. It provides services relating to the purchase, generation, pooling, scheduling, dispatch and conservation of energy for its members.
“This is an excellent example of the impact and potential of public-private partnerships to reshape the modern landscape,” said Jayne W. Williams, Managing Principal of Meyers Nave.
For Meyers Nave, a law firm dedicated to the practice of public law and how it affects public and private entities, this agreement comes on the heels of the firm launching a Climate Change and Green Practice Group. The firm itself is currently in the midst of a comprehensive process to “go green” in terms of energy usage and the employment of sustainable practices.