. .Explanation
BACKGROUND: This legislation authorizes the Finance and Management Director to establish a Universal Term Contract (UTC) for the option to contract for an Electrical Energy Consultant with New River Group DBA Scioto Energy Co. The Department of Public Utilities is the primary user of these services for negotiating electrical energy prices. The Electrical Energy Consultants are used to negotiate electrical energy prices. The term of the proposed option contract would be approximately three (3) years, expiring January 31, 2026, with the option to renew for three (3) additional one (1) year periods. The Purchasing Office opened formal bids on September 22, 2022. In addition, the expenditure of $1.00 is hereby authorized from General Budget Reservation BRPO002025.
The Purchasing Office advertised and solicited proposals in accordance with the relevant provisions of Section 329 relating to Request for Proposals (RFQ022747). Four (4) proposals were received.
The evaluation committee consisting of one representative from Department of Public Utilities and two representatives from the Department of Finance and Management scored the written proposals and requested a presentation from the top two firms. The Offerors made their presentations. After review of the committee members’ work the Director of Finance and Management authorized final negotiations and recommends the acceptance of the proposal submitted by New River Group DBA Scioto Energy Co., the highest scoring proposal.
New River Group DBA Scioto Energy Co., CC#19438 expires 11/15/2024, All Items, $1.00
Total Estimated Annual Expenditure: $60,000, Department of Finance and Management, the primary user
Emergency Designation: The Finance and Management Department respectfully requests this legislation to be considered an emergency ordinance because of volatility in pricing within the energy market.
The company is not debarred according to the Excluded Party Listing System of the Feder...
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