Explanation
BACKGROUND: In 2004, the City Attorney entered into a contract with McNees, Wallace & Nurick LLC, a law firm knowledgeable in electric purchase power issues to provide specialized legal services for the Division of Electricity (City) relating to the Power Purchase and Sale Agreement between the City and Constellation Commodities Group (Constellation). The Constellation contract expires on December 31, 2006 requiring the negotiation of a new purchase power agreement in 2006. McNees, Wallace & Nurick LLC assisted in drafting and negotiating a purchase power agreement with AEP which provides 100% of the City's power needs for 2007. However, in 2008 AEP will only provide 75% of the City's power and only 50% in 2009. The Division of Power and Water will need to enter into new agreements to provide for the remaining 2008 and 2009 balances. Therefore, it is necessary for the City Attorney's Office to modify, and extend the contract to provide legal service regarding issues related to the purchase of power for the Division of Power and Water for the years 2008 and 2009.
Contract Compliance Number: 231256003
FISCAL IMPACT: Funding for this expenditure will come from the Electricity Operating Fund.
EMERGENCY JUSTIFICATION: N/A
Title
To authorize the City Attorney's Office to modify and extend the contract with McNees, Wallace & Nurick LLC to provide legal service regarding issues related to the purchase of power for the Division of Power and Water for the years 2008 and 2009, and to authorize the expenditure of $50,000.00 from the Electricity Operating Fund. ($50,000.00)
Body
WHEREAS, in 2004, the City Attorney entered into a contract with McNees, Wallace & Nurick LLC, a law firm knowledgeable in electric purchase power issues to provide specialized legal services for the Division of Power and Water (City) relating to the Power Purchase and Sale Agreement between the City and Constellation Commodities Group(Constella...
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