Explanation
BACKGROUND: This ordinance authorizes the Director of Public Utilities to modify Contract Number CT09743 and EL008750 with American Municipal Power, Inc. to provide funding for the purchase of wholesale electricity and associated services during 2010 for the Division of Power and Water.
Amount of additional funds to be expended: $6,498,730
Reasons additional goods/services could not be foreseen: The Division of Power and Water (Power) currently has contracts in place with American Municipal Power, Inc. for the purchase of wholesale electricity. This legislation authorizes increases in the amounts of the contracts to cover needs for 2010.
Reason other procurement processes are not used: American Municipal Power, Inc. is a non-profit organization for state municipalities and, acting as a broker, has contracted competitive prices on the City's behalf through a bidding process.
How cost of modification was determined: This modification is based upon estimated requirements for 2010 at rates as established in the existing contract.
Contract Compliance Number: 310943223, expires 12/15/2011
American Municipal Power, Inc. does not hold MBE/FBE status.
Emergency action is requested in order that purchases may continue without interruption and payments can be made on a timely basis.
FISCAL IMPACT: This ordinance is contingent upon the passage of the 2010 operating budget. The amount budgeted in the Electricity Operating Fund 550 for purchase power is $66,458,000. The total amounts spent for purchase power in 2008 and 2009 were $53,763,139 and $57,531,882, respectively.
Title
To authorize the Director of Public Utilities to modify the contract for the purchase of wholesale electric power with American Municipal Power, Inc. for the Division of Power and Water and to authorize the expenditure of $6,498,730.00 from the Electricity Operating Fund; and to declare an emergency. ($6,498,730.00)
Body
WHEREAS, the City and A...
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