Title
A RESOLUTION ADOPTING THE ELECTRIC POWER PURCHASE/SUPPLY GUIDELINES DOCUMENT, DATED NOVEMBER 13, 2012.
Executive Summary: The City's existing power supply portfolio consists of a number of different types of power supply resources. It is diversified by fuel types, by the type and location of assets, and projects utilizing a mix of technologies. This mix helps reduce the city's exposure to the volatility of power costs. The power portfolio and subsequent proposed Power Purchase /Supply Guideline recommendations were presented to Council at the May 22, 2012 Council Workshop. Following the presentation discussion, City Council requested that additional information be provided at a later workshop regarding the costs of the City's current power supply portfolio. Attached are the Power Purchase/Supply Guidelines summary and an updated spreadsheet which includes the requested annual resource costs.
Body
Legislative History
None
Purpose & Explanation
The Power Purchase/ Supply Guidelines document has been developed to serve as a guide to be used by the City staff and City Council when evaluating and selecting future power supply resources and projects. It is anticipated that this Guidelines document will be reviewed and revised periodically, as needed, to reflect changes in the power supply industry and the City's future power supply needs. It is further understood that future prospective power resource opportunities will be considered in keeping the electric rates for Hudson Public Power customers as low and as competitive as possible.
Timing Considerations
None
Fiscal Impact
None.
Recommendation
Suggested Action
Staff recommends that City Council pass a Resolution outlining and adopting the Power Purchase/Supply Guidelines document to assist staff in recommending to Council the various projects and contracts that are presented for consideration by American Municipal Power.
Submitted by,
Frank Comeriato, Public Works Director