Affordable Power Purchase Agreements Extension Act; extends certain public entity contracts related to energy conservation and renewable energy.

The Affordable Power Purchase Agreements Extension Act amends current law regarding renewable energy power purchase agreements (energy contracts). Under current law, certain public entities are authorized to enter into energy contracts for a term not to exceed 15 years. The bill authorizes certain public entities to extend, without public advertising for bids and bidding, existing energy contracts for a term not to exceed 30 years in the aggregate.

Affordable Power Purchase Agreements Extension Act; extends certain public entity contracts related to energy conservation and renewable energy.

The Affordable Power Purchase Agreements Extension Act amends current law regarding renewable energy power purchase agreements (energy contracts). Under current law, certain public entities are authorized to enter into energy contracts for a term not to exceed 15 years. The bill authorizes certain public entities to extend, without public advertising for bids and bidding, existing energy contracts for a term not to exceed 30 years in the aggregate.