Explanation
This ordinance authorizes the Director of Public Utilities to modify and increase the Master Services Agreement with American Municipal Power, Inc. (AMP, Inc.) to provide additional funding for the purchase of wholesale electricity in 2023 and early 2024 for the Division of Power. The funds authorized by this ordinance will cover the costs of power supply provided by AMP, Inc.
This Ordinance is being submitted in accordance with the relevant provisions of Chapter 329 of City Code pertaining to contract modifications.
1. Amount of additional funds: The total amount of additional funds needed for this contract modification #20 is $1,150,000.00. Total contract amount including this modification is $336,655,534.00.
2. Reason additional funds were not foreseen: The need for additional funds was known at the time of the initial contract and this legislation authorizes additional funding to cover the wholesale electricity for 2023.
3. Reason other procurement processes were not used: American Municipal Power, Inc. is a non-profit organization for state municipalities and, acting as a broker, has contracted for competitive prices on the City's behalf through a bidding process.
4. How was cost determined: The modification is based upon updated purchase power estimates for 2023 and early 2024 at rates established in the existing contract.
SUPPLIER:
American Municipal Power, Inc. | D365 Vendor #004495 | Federal EIN on file | Expired 2/4/2023 | Nonprofit Organization
American Municipal Power, Inc. does not hold MBE/FBE status.
The company is not debarred according to the Excluded Party Listing System of the Federal Government or prohibited from being awarded a contract according to the Auditor of State Unresolved Findings for Recovery Certified Search.
FISCAL IMPACT:
$59,785,000.00 was budgeted and encumbered for purchase power needs via PO369897. The Division can support the additional $1,150,000.00 purchase based on year-to-date trends an...
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