R-2001-14 - Laserfiche WebLink

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. e REQUEST FOR CITY COUNCIL AGENDA ITEM A.genda Date Requested: October 22. 2001 Appropriation Requested By: Rnhert T Herrera Source of Funds: Department: A.dmiAistrlltiog Account Number: Report: Resolution: X Ordinance: Amount Budgeted: Exhibits: Resolution II and Supply Agreement Amount Requested' Exhibits: Budgeted Item: YES NO Exhibits: SUMMARY & RECOMMENDATION puring the May 8, 2001, City Council meeting, Council passed Resolution I for City of La ~orte to participate with H-GAC which would become a Political Subdivision Corporation named H-GAC Energy Purchasing Corporation. This resolution was the first step to joining H-GAC as an aggregate to purchase electricity. H-GAC Energy Purchasing Corporation sent out Requests for Proposals to various Retail Energy Providers (REP) to obtain pricing for the purchase of electricity. The "Initial Proposed Pricing" indicates the "Final Pricing" should fall between $0.05 and $0.059 per kWh. As a reference, current pricing is b.etween $0.08 and $0.09 per kWh, which should be a savings of approximately 25%. If we' compared this price savings to what we paid last year, the City would have paid $213,375 less. This all-inclusive price includes: > Energy > Fuel > Transmission and Distribution > All other regulated rates > H-GAC Aggregation Fee - $0.00045 per kWh Below is the schedule H-GAC has submitted to all Member Buyers (participating entities): November 7 5:00 pm Deadline for Member Buyers to return Resolution II November 8 Noon Release list of committed Member Buyers to Retail Energy Providers (REP) November 12 Noon Deadline for REP to submit revised pricing November 13 1 :00 pm Final Pricing released to committed Member Buyers November 14 5:00 pm Deadline for Member Buyers to select pricing, options and sign Supply Agreements January 1,2002 Begin electricity supply The second and final step to make a firm commitment to H-GAC Energy Purchasing Corporation is to pass Resolution II. This resolution states the City of La Porte may withdraw our commitment to participate if the "Final Pricing" exceeds the "Initial Proposed Pricing". " Staff has reviewed Resolution II and the Supply Agreement. Staff recommends Council pass Resolution II committing the City of La Porte to participate with H-GAC Energy Purchasing Corporation. Action Required bv Council: Pass Resolution II as a firm commitment to participate with H-GAC Energy Purchasing Corporation. Approved for City Council A!!"enda CR~ 'T'- \-\--ltJ~ Robert T. Herrera, City Manager \o.\~.()\ Date