Approves selling renewable energy certificates to Anew EC at $11.50 each, about $80,000 in total

The district would sell renewable energy certificates generated from its solar systems to Anew EC, LLC at $11.50 per certificate. The text puts the expected sales at approximately $80,000. This is money the district would receive, not spend. Sales run through June 30, 2027.

Plain-English summary written by AI from the official text. AI summary · amounts checked against official text

Discrepancy from the official text. The text states a two-year term but also gives two start dates (July 1, 2024 and August 29, 2024) and an end date of June 30, 2027, which is about three years, so the term is unclear. (Confirmed by a second, independent AI reading.)

Notes on the official text

The direction was corrected to revenue by two of three independent readings.
The amount type was corrected to none by two of three independent readings.
The amount of this vote was corrected to $80,000 by two of three independent readings.

Vendor / partner: Anew EC, LLC · Houston, TX
Action: New agreement
Category: Food, transportation & operations
Term: Jun 30, 2027
This vote: $80,000
Resource / site: 940/918
Presented by: Board of Education
File: 24-1941 · agenda T.-39
Outcome: Adopted on the General Consent Report, Aug 28, 2024

Official text

Approval by Board of Education, upon recommendation from by the Facilities Committee, of the Renewal Energy Certificates (RECs) Purchase and Sale Agreement by and between the District and Anew EC, LLC, Houston, TX, for the latter’s Sale of to sell Renewable Energy Certificates (SREC) generated from OUSD at $11.50 per SREC for a two-year term for the Sale of Renewable Energy Certificates (REC) Project, in the amount of approximately $80,000.00, with sales scheduled to commence on July 1, 2024August 29, 2024, covering the period from June 2024 through, and scheduled to last until June 30, 2027, pursuant to the Agreement.

History

Aug 21, 2024 Recommended Favorably (Facilities Committee)
Aug 28, 2024 Adopted on the General Consent Report

This is an independent project created to provide transparency to the OUSD Community, and is not affiliated with Oakland Unified District. All data used to create the Consent Report Tracker is made public by Legistar, OUSD's official platform for posting legislative records. Plain-English summaries are written by AI with narrow parameters based upon the official text of the reports. Read about how all this works.