Explanation
BACKGROUND: This ordinance authorizes the Director of Public Utilities to modify and increase of an existing contract with American Electric Power Service Corporation (AEPSC) for the purchase of capacity and energy for the Division of Power and Water.
Amount of additional funds to be expended: $51,052,431.00
Reasons additional goods/services could not be foreseen: The Department of Public Utilities, Division of Power and Water, entered into a contract for capacity and energy with American Electric Power Service Corporation (AEPSC) in 2006 based upon the lowest, responsive proposal offered. The term of the contract is through May 2010. This legislation will authorize the funding for capacity and energy requirements in 2008.
Reason other procurement processes are not used: The City of Columbus, Department of Public Utilities is obligated by contract to obtain capacity and energy from American Electric Power Service Corporation (AEPSC).
How cost of modification was determined: The modification is based upon estimated requirements for 2008 at rates as established in the existing contract.
Emergency action is requested in order that the encumbering document may be established and funding in place so that services may continue uninterrupted and payments can be made in compliance with the terms of the contract.
Contract Compliance Number: 134922640, expires 06/12/08
FISCAL IMPACT: This legislation is contingent upon the passage of the 2008 budget. The amount budgeted in the Electricity Operating Fund 550 for purchase power is $57,302,956. The total amount spent for purchase power in 2006 and 2007 was $37,677,110 and $53,866,755, respectively.
Title
To authorize the Director of Public Utilities to mdoify and increase an existing contract with American Electric Power Service Corporation for capacity and energy for the Division of Power and Water; to authorize the expenditure of $51,052,431.00 from the Electri...
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