Explanation
BACKGROUND: This ordinance authorizes the Director of Public Utilities to enter into a Power Purchase Agreement between the City of Columbus, Ohio ("Columbus"), Division of Power & Water (Power) and Central Ohio Bio-Energy, LLC, ('COBE') majority owned by Quasar Energy Group, a Cleveland, Ohio based waste-to-energy company. COBE designs, builds and operates anaerobic digester systems that produce renewable energy in the form of electricity. COBE and the Division of Power and Water (Power), executed an interconnection agreement (Columbus Ordinance #1285-2010) pursuant to which the Generating Facility is interconnected as a "behind the meter" generation unit. This unit is estimated at producing approximately 6,500,000 kWh per year of excess electricity. COBE desires to enter into a separate agreement in addition to the existing Interconnection Agreement with the Division of Power and Water (Power) for the sale of the Generating Facility's excess electricity.
Both COBE and Columbus desire to memorialize their understanding with respect to COBE's desire to sell and Columbus's desire to purchase excess electricity from the Generating Facility.
Contract Compliance Number: 26-1698590, Expires: 9/7/2014
Emergency action is requested in order that purchases may continue without interruption and payments can be made on a timely basis.
Title
To authorize the Director of Public Utilities, Division of Power and Water (Power) to enter into a Power Purchase Agreement with Central Ohio Bio-Energy, LLC, a waste to energy company; to authorize the expenditure of $84,000.00 from the Electricity Operating Fund; and to declare an emergency. ($84,000.00)
Body
WHEREAS, COBE is majority owned by Quasar Energy Group, LLC, a Cleveland, Ohio-based waste-to-energy company that designs, builds, and operates anaerobic digester systems that produce renewable energy in the form of electricity; and,
WHEREAS, Columbus, through its Division, owns and operate...
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