HomeMy WebLinkAboutCity Council Resolutions (RESOLUTION R-16-3958)-02/02/2016 RESOLUTION R-16-3958
A RESOLUTION AUTHORIZING THE TEXAS COALITION FOR
AFFORDABLE POWER, INC. (TCAP) TO NEGOTIATE AN ELECTRIC
SUPPLY AGREEMENT FOR FIVE YEARS FOR DELIVERIES OF
ELECTRICITY EFFECTIVE JANUARY 1, 2018; AUTHORIZING TCAP TO
ACT AS AN AGENT ON BEHALF OF THE CITY OF COLLEYVILLE TO
ENTER INTO A CONTRACT FOR ELECTRICITY
WHEREAS, the City of Colleyville, Texas (City) is a member of Texas
Coalition For Affordable Power, Inc. (TCAP), a non-profit,
political subdivision corporation dedicated to securing electric
power for its more than 170 members in the competitive retail
market; and
WHEREAS, the City desires to execute a contract for electricity for the period
beyond the expiration of its current contract on December 31,
2017, that locks-in favorable wholesale prices for the following
supply option:
Fixed-price, full-requirements at a price not to exceed 4.1
cents per kWh for the North and West zones, or 4.25 cents
per kWh for the South and Houston zones.
NOW, THEREFORE,. BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF COLLEYVILLE, TEXAS:
Sec. 1 THAT the City of Colleyville recognizes the TCAP Board of
Directors, its consultants, and advisors as agents authorized to
negotiate for the City's electricity needs as a member of TCAP
for the period 2018 through 2022 at a price not to exceed 4.1
cents per kWh for a fixed-price, full requirements supply option.
Sec. 2 THAT upon passage of this resolution, before February 25, 2016,
if the combined load of TCAP members passing this resolution
exceeds 50 megawatts for the fixed-price, full-requirements
supply option and NextEra is able to provide TCAP an opportunity
prior to June 30, 2016, to contract for power to be delivered to
members at a price not toexceed 4.1 cents per kWh for the
North and West zones and not to exceed 4.25 cents per kWh in
the Houston and South zones for a fixed-price, full-requirements
supply for the period January 1, 2018 through December 31,
2022, any one of the following City of Colleyville representatives:
City Manager, Mayor, or Mayor Pro Tem, is hereby authorized to
Resolution R-16-3958
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sign an electric supply agreement for the City within 24 hours of
receipt of a contract that has been approved and recommended
by the TCAP Board of Directors.
Sec. 3 THAT the City will commit to purchase power to meet all of its
electricity needs pursuant to the TCAP approved supply
agreement and approve funds necessary to pay electricity costs
proportionate to the City's load under the supply agreement
arranged by TCAP.
AND IT IS SO RESOLVED.
APPROVED BY A VOTE OF 4 AYES, 0 NAYS, AND 0 ABSTENTIONS ON
THIS THE o?ncQ DAY OF FEtrirListrj 2016.
ATTEST: CITY OF COLLEYVILLE
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Amy elley, TR'C David Kelly
"City Secretary Mayor