Explanation
BACKGROUND: This ordinance authorizes the modification of Contract Number EL000875 assigned to Constellation Energy Commodities Group for the purchase of wholesale electric power required in 2005.
Amount of additional funds to be expended: $28,427,414.00
Reasons additional goods/services could not be foreseen: The Division of Electricity currently has a contract in place with Constellation Energy Commodities Group for the purchase of wholesale electricity. This legislation authorizes an increase in the amount of the contract to cover needs for 2005.
Reason other procurements processes are not used: The existing contract is in effect until 2008. This modification is for funding purposes only.
How cost of modification was determined: The modification is based upon estimated requirements for 2005 at rates as established in the existing contract.
Contract Compliance Number: 522019332
Emergency action is requested in order that purchases may continue without interruption and payments can be made on a timely basis.
FISCAL IMPACT: The 2005 Division of Electricity budget authority for purchase power is $40,605,000. The total purchased power expenditures for 2003 and 2004 were $34,512,302 and $33,323,807, respectively.
Title
To authorize the Director of Public Utilities to modify the existing contract for the purchase of wholesale electric power with Constellation Energy Commodities Group for the Division of Electricity, under the provisions of Columbus City Codes, to authorize the expenditure of $26,520,000.00 from the Division of Electricity Operating Fund, and to declare an emergency. ($26,520,000.00)
Body
WHEREAS, on December 21, 2000, under the authority of Ordinance Number 2587-00, passed November 27, 2000, and amended by Ordinance Number 2657-00, passed December 4, 2000, the City of Columbus entered into Contract No. EL-000875 with CMS Marketing, Services and Trading Company for Wholesale En...
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