Explanation
BACKGROUND: This ordinance authorizes an Interconnection Agreement with Central Ohio Bioenergy, LLC, owned by Quasar Energy Group, a Cleveland, Ohio based waste-to-energy company. Central Ohio Bioenergy, LLC is building a waste to energy facility located at the Waste Transfer Facility as part of SWACO's environmental projects under its lease with the city. The Interconnection Agreement is necessary to allow Central Ohio Bioenergy to sell the energy on the wholesale market and for purposes of the facility's certification as an Ohio Renewable Energy Resource Generating Facility, and allows the Generator to rely upon Columbus' interconnection agreement with American Electric Power Service Corporation. Under the terms of the agreement the Project will be considered "behind the meter" and any capacity value attributable to the Project, including but not limited to participation in the PJM Reliability Pricing Model and any successor will inure solely and exclusively to the benefit of the City of Columbus, the Divison of Power and Water.
FISCAL IMPACT: There is no budgetary impact as a result of this ordinance.
Emergency Action is necessary in order for the Central Ohio Bioenergy Project to to meet its contractual obligation.
Title
To authorize the Director of Public Utilities to enter into an Interconnection Agreement with Central Ohio Bioenergy, LLC, a waste-to-energy company, and to declare an emergency.
Body
WHEREAS, Central Ohio Bioenergy, LLC, is owned by Quasar Energy Group, a Cleveland, Ohio based waste-to-energy company engaged in the generation and sale of energy from a high-solids, continuous mix, anaerobic digestion system that beneficially uses organic waste to generate electricity from sustainable renewable biogas, related energy attributes, soil amendments and liquid fertilizer; and,
WHEREAS, Central Ohio Bioenergy, LLC desires to: (a) install a biomass waste-to-energy system, known as Central Ohio Bioenergy (...
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