City of Tacoma, Department of Public Utilities, Light Division (d/b/a Tacoma Power) at Tacoma Public Utilities

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This document outlines a new 20-year franchise agreement between the City of Tacoma Department of Public Utilities, Light Division (Tacoma Power) and the City of Fife. The agreement enables Tacoma Power to continue providing electric service within Fife boundaries, superseding a previous agreement that expired on October 23, 2023. Key provisions include an administrative fee paid by Tacoma Power to the City of Fife, set at 6% of gross revenues from customers within Fife, and detailed terms regarding rights-of-way, facility relocation, indemnification, and insurance.

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This contract outlines the no-cost transfer of the surplus property at 1801 North Orchard Street from the City of Tacoma (d.b.a. Tacoma Power) to Tacoma/Pierce County Habitat For Humanity. The transfer is for the purpose of developing affordable housing, as mandated by RCW 39.33.015, with a 50-year covenant requiring its use for public benefit. The buyer, Tacoma/Pierce County Habitat For Humanity, has committed to commencing construction by October 1, 2026, and completing it by December 31, 2028, to build cottage-style housing with a minimum of three units, ensuring at least 25% are for households at or below 50% Area Median Income, with one unit targeted below 50% AMI. The consideration for the property is defined as the public benefit and the buyer's obligations, rather than a monetary payment.

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This document outlines a Power Sales Agreement (Contract No. 26PS-25090) and a related Creditworthiness Agreement (Contract No. 26PS-45005) between the Bonneville Power Administration (BPA) and the City of Tacoma, Department of Public Utilities, Light Division ("Tacoma Power"). The Power Sales Agreement, effective from October 1, 2028, to September 30, 2044, details Tacoma Power's obligation to purchase "Slice/Block" power from BPA to meet its load requirements. The agreement specifies terms for power acquisition, pricing mechanisms (Tier 1 and Tier 2 rates), scheduling, delivery, billing, and creditworthiness requirements. The estimated annual cost of the Slice/Block product is $123 million per year in 2029 nominal dollars.

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This document outlines an energy conservation agreement between Tacoma Power and Forever Green LLC. Tacoma Power will provide an incentive of $214,559 to Forever Green LLC for replacing conventional energy-intensive lights with energy-efficient LEDs in its marijuana production facility. The agreement became effective on September 28, 2023, with an installation completion deadline of March 15, 2024, and a required 5-year conservation savings period following installation.