Explanation
Ordinance 0786-2013 authorized the Director of the Department of Finance & Management to enter into an Electric Service Agreement with AEP Energy, Inc. for the provision of electric service at certain set rates for various City-owned facilities under the purview of the Departments of Finance & Management, Public Service, and Recreation & Parks.
This legislation requests authority to modify the existing agreement with AEP Energy, Inc. to allow for thirty-percent (30%) green power sourcing. The current agreement does not provide for the purchase of “green” power (i.e. wind-generated, solar-generated, etc.). By adding this feature to the contract, certain City facilities can reduce their greenhouse gas emissions by 7%, while largely preserving cost savings negotiated under the original Electric Service Agreement.
The Department of Finance & Management feels that it is in the best interest of the City of Columbus to modify the existing agreement with AEP Energy, Inc. to continue to take advantage of the power cost savings and to reduce the City’s carbon footprint. This ordinance is being submitted as an emergency so that the department can modify this agreement at the earliest time possible to take advantage of cost savings and to begin greenhouse gas reductions.
FISCAL IMPACT: No funding required for this contract.
Contract Compliance No.: AEP Energy, Inc. 030459115, Expires 2-25-15
Title
To authorize the Director of Finance & Management Department to modify the existing Electric Service Agreement with AEP Energy, Inc. for the purchase of electric power; and to declare an emergency.
Body
WHEREAS, AEP Energy, Inc. is a competitive retail electric service provider and affiliate of AEP Ohio and the Department of Finance & Management has coordinated with AEP Energy, Inc. in an effort to reduce the power costs and greenhouse gas emissions of associated City-owned facilities under the purview of the Departments of Finance & Management, Public S...
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